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TNA Solutions IPO

TNA Solutions IPO

smelisted
Registrar: MAASHITLA SECURITIES PRIVATE LIMITED · Listing 2026-10-09
IPO Timeline
Today · 20 Oct 2026
Opens
30 Sept 2026
Closes
06 Oct 2026
Allotment
07 Oct 2026
Refund
08 Oct 2026
Demat
08 Oct 2026
Listing
09 Oct 2026
Price Band
₹66–70
GMP
₹0
0%
Lot Size
2000 Shares
Min ₹140,000
Subscription
54.92x
Issue Size
₹38 Cr
Open
2026-09-30
Close
2026-10-06
Listing
2026-10-09

About the company

TNA Solutions manufactures home textile products for domestic and international customers. Its portfolio includes sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, mattress protectors and quilts. The company procures greige and finished fabric, uses third-party processors for dyeing, printing and other wet processing, and undertakes cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch at its Indore facility. The company primarily follows a B2B manufacturing model for global retailers, importers and domestic brands, with products sold under customer brands or specified labels. B2B contributed ₹104.1 crore, or 99.6% of FY26 revenue from operations, while B2C contributed ₹0.4 crore, which is 0.4%. The B2C channel includes e-commerce marketplaces, wholesalers and retailers, and the company-owned Ambra Linens brand launched in 2022. Sheeting was the largest product category in FY26 at 50.9% of revenue from operations, followed by pillow pairs at 31.8%, towels at 13.4% and top-of-bed products at 3.7%. The mix changed materially from FY24, when sheeting contributed 90.13% and pillow pairs 1.55%; the latter rose to nearly one-third of revenue by FY26. Exports contributed 52.03% of FY26 revenue from operations; domestic sales represented the balance. In FY26, the United States and UAE contributed 20.2% and 15.2% of revenue, respectively. Haryana, Madhya Pradesh and Maharashtra were the leading domestic states at 25.3%, 10.8% and 7.2%. The company also served customers in Hong Kong, Israel, Italy, Malaysia, Mauritius, Singapore, South Africa and the UK. Installed capacity increased from 13,10,506 metres in F24 to 52,23,386 metres in FY26. Actual output rose at 39,17,540 metres, while capacity utilisation at 75% in FY26.

Strengths

    Risks

      Financial performance (₹ Cr)

      Subscription breakup (final, times)

      Retail0.46x
      QIB0x
      NII0.1x
      EMP0x
      OTHER0x
      Total0.25x

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 09 Oct 2026
      Listed 11 days ago
      1. IPO Opens

        Completed
        30 Sept 2026

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        06 Oct 2026

        Last day to place your bid

      3. Basis of Allotment

        Completed
        07 Oct 2026

        Share allotment finalised

      4. Refund Initiation

        Completed
        08 Oct 2026

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        08 Oct 2026

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        09 Oct 2026

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      2000 shares
      Price / Share (upper)
      ₹70
      Min Investment (1 lot)
      ₹140,000
      Price Band
      ₹66–70
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      2000
      Min amount
      ₹140,000
      Max amount
      ₹140,000
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      4000
      Min amount
      ₹280,000
      Max amount
      ₹280,000

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹19 Cr
      Shares offered
      2,794,118
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹5.7 Cr
      Shares offered
      838,235
      Shares bid
      83,824
      Subscribed
      0.10x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹13.3 Cr
      Shares offered
      1,955,882
      Shares bid
      899,706
      Subscribed
      0.46x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).