TNA Solutions Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 15.24x | 2,562,000 | 39,040,000 | ₹18 Cr |
| NII (HNI) | 🔥 102.30x | 774,000 | 79,182,000 | ₹5 Cr |
| Retail | 46.06x | 1,800,000 | 82,908,000 | ₹13 Cr |
| Market Maker | — | 272,000 | — | ₹2 Cr |
| Σ Total | 39.16x | 5,136,000 | 201,130,000 | ₹36 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 110 | 84 | 36 |
| EBITDA | 13 | 10 | 5 |
| Profit After Tax | 10 | 7 | 3 |
| Net Worth | 36 | 23 | 5 |
| Total Assets | 94 | 57 | 24 |
| Reserves & Surplus | 33 | 20 | 3 |
| Total Borrowing | 46 | 26 | 11 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery – 6.76
- Funding of Working Capital Requirements – 20.00
- General Corporate Purposes –
Company Overview
Incorporated in September 2021, TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international customers. Its manufacturing facility is located in Indore, Madhya Pradesh, where it converts processed fabrics into finished home furnishing products based on customer specifications. The Company offers a diversified portfolio of home textile products, including sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars and mattress protectors. It primarily operates under a B2B manufacturing model, supplying products to global retailers, importers and domestic brands under their respective brands or specified labels. The Company also operates through B2C channels, including e-commerce marketplaces, wholesalers and retailers, and has its own brand “Ambra Linens”, launched in 2022.
The Company follows a focused manufacturing model wherein it procures greige fabric from weavers and finished or processed fabric from mills, processing houses and stockists. Third-party processing houses undertake activities such as weaving, dyeing and printing, while the Company carries out cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch at its Indore facility. It launched its own website for Ambra Linens in July 2026, further expanding its direct-to-consumer presence.
The Company has a geographically diversified, export-oriented revenue base and focuses on product quality, manufacturing efficiency and timely delivery. Its operations are supported by technology-enabled processes and a multi-stage quality control system. The Company also benefits from experienced promoter management and capabilities across product development, production planning, sourcing, quality assurance and customer servicing.
As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees, with its workforce primarily engaged in production and planning, quality assurance, warehouse and stores, and other operational and support functions.
Competitive Strengths
- Diversified Home Textile Product Portfolio.
- Multi-Stage In-House Quality Control System.
- Technology-Enabled and Integrated Operations.
- Experienced and Hands-On Promoter Management.
- Geographically Diversified and Export-Oriented Revenue Base.