TNA Solutions Limited is engaged in the manufacturing of value-added home textile and home furnishing products for domestic and international customers. Its product portfolio includes sheet sets, pillow covers, towels, comforters, quilts, dohars and mattress protectors.
The Company primarily operates a B2B manufacturing model, supplying products to global retailers, importers and domestic brands. It also has a B2C presence under its “Ambra Linens” brand through e-commerce marketplaces, wholesalers and retailers.
TNA procures greige and processed fabrics and undertakes cutting, stitching, embroidery, finishing, quality control, packaging and dispatch at its manufacturing facility in Indore, Madhya Pradesh. The facility spans approximately 56,000 sq. ft. and is supported by an in-house ERP system.
The Company has an export-oriented business, with exports contributing 52.03% of revenue from operations in Fiscal 2026. It also plans to establish a new manufacturing unit in Dhar, Madhya Pradesh, increasing its installed capacity from 52.23 lakh metres to 87.63 lakh metres per annum.
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.
TNA Solutions IPO – Details
| IPO Opening Date | 30 September 2026 |
| IPO Closing Date | 06 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 54,08,000 Shares Worth ₹37.86 Crore Fresh Issue: 54,08,000 Shares Worth ₹37.86 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
TNA Solutions IPO – Date Schedule
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 06 October 2026 |
| Basis of Allotment | 07 October 2026 |
| Initiation of Refund | 08 October 2026 |
| Credit of Shares to Demat | 08 October 2026 |
| IPO Listing Date | 09 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 06, 2026 |
TNA Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 2 | 4000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,20,000 |
Competitive Strength
- 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.
Company Promoters
- Ambuj Jain
- Ayush Jain
- Tanu Jain
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹36.32 Cr | ₹32.18 Cr | ₹2.69 Cr | ₹11.38 Cr |
| 31 March 2025 | ₹84.13 Cr | ₹74.75 Cr | ₹6.66 Cr | ₹25.73 Cr |
| 31 March 2026 | ₹110.45 Cr | ₹97.56 Cr | ₹9.58 Cr | ₹46.29 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 32.60% |
| ROCE | 42.84% |
| Debt/Equity | 1.29 |
| RoNW | 26.67% |
| PAT Margin | 9.16% |
| EBITDA Margin | 12.12% |
| NAV | 119.80 |
| Price to Book Value | 0.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.39 | 4.70 |
| P/E (x) | 10.95 | 14.89 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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. |
✅Strengths
- Diversified Products with a range of home textile products.
- Export Presence with exports contributing 52.03% of FY2026 revenue.
- Experienced Promoters with over three decades of combined experience.
- Quality Control through multi-stage in-house processes.
- Technology-Enabled Operations supported by an integrated ERP system.
⚠️Risks
- Customer Concentration with top 10 customers contributing 83.82% of FY2026 revenue.
- Supplier Concentration with top 10 suppliers accounting for 76.41% of purchases.
- Raw Material Costs can impact margins and profitability.
- Export & Forex Risk due to significant international sales.
- Quality Dependence on third-party processors and job workers.
TNA Solutions IPO Promoter Holding
| Pre-Issue Share Holding | 68.69% |
| Post Issue Share Holding | 50.48% |
TNA Solutions IPO Prospectus
Company Contact Information
| TNA Solutions Limited Survey No. 403/5 Sonvay, Tehsil Mhow Rao Indore, Madhya Pradesh, 453331 Phone: 7317150314 Email: Info@tnasolutions.co.in Website: https://tnasolutions.co.in/ |
TNA Solutions IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: Investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
TNA Solutions IPO Lead Manager(s)
| 1. Credora Partners Pvt. Ltd. |
TNA Solutions IPO FAQ
| What is the TNA Solutions IPO? TNA Solutions IPO is an SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When will TNA Solutions IPO open? The IPO is to open on 30 September 2026 for QIB, NII and Retail Investors. |
| What is TNA Solutions IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the TNA Solutions IPO Size? TNA Solutions IPO size is ₹37.86 Crore. |
| What are the TNA Solutions IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,80,000, while the maximum bid is 4000 Shares for ₹2,80,000. |
| What is the TNA Solutions IPO Allotment Date? TNA Solutions IPO allotment date is 07 October 2026. |
| What is the TNA Solutions IPO Listing Date? TNA Solutions IPO listing date is 09 October 2026. The IPO is to be listed on the BSE SME. |
