TNA Solutions IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 36.32 | 84.13 | 110.45 |
| Expense | 32.18 | 74.75 | 97.56 |
| Profit (PAT) | 2.69 | 6.66 | 9.58 |
| Total Assets | 24.33 | 57.47 | 94.21 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| VTM Limited | 1.11 | 41.84 | 5.18 | 31.32 | 371.98 Cr |
| Faze Three Limited | 11.53 | 37.35 | 6.00 | 182.33 | 860.11 Cr |
Strengths & Risks
- Strongly subscribed — 55.3x overall (final).
- Strong institutional (QIB) demand — 35.6x.
- Revenue grew 31% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 33%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About TNA Solutions
TNA Solutions, founded in September 2021, has been involved in the manufacturing of home textile products for domestic and international clients. Its product portfolio includes a wide range of home textile products such as sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars, and mattress protectors. The firm supplies its products to e-commerce marketplaces, wholesalers, and retailers, and has its own brand, “Ambra Linens”, launched in 2022. The firm handles the entire production of home textile products, from buying greige fabric from weavers to ready- or partly processed fabric. Third parties handle processes such as weaving, dyeing, and printing, while TNA Solutions carries out cutting, stitching, embroidery, finishing, quality assurance, packaging, and dispatch at its Indore facility.
Company Contact Information
TNA Solutions Ltd., Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh, 453331
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| 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 | - |
Resources & Documents
Anchor Investors
TNA Solutions IPO - Quick Take
TNA Solutions has set a price band of Rs 66–Rs 70 per share for an issue size of Rs 38 crore. The stock listed with a 20.00% discount versus its issue price on October 09, 2026.
The issue is promoted by Ambuj Jain, Ayush Jain and Tanu Jain with Credora Partners Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plan… (Rs 7 crore) and funding of Working Capital Requirements (Rs 20 crore).
On fundamentals, the company is posting revenue growth of 31.3%, a profit margin of 8.7%, return on equity of 32.6% in its most recent reported period. Listed peers in this segment include VTM Limited (P/E 41.84x) and Faze Three Limited (P/E 37.35x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
TNA Solutions IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 2.9%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; TNA Solutions listed 20% below its issue price.
See the full TNA Solutions GMP history and trend, or learn how grey market premium works and how reliable it is.
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