TNA Solutions IPO: Latest Update
TNA Solutions Limited IPO is currently open for subscription and is attracting attention in the SME IPO segment. The company is raising ₹37.86 crore through a completely fresh issue of equity shares. The IPO opened on September 30, 2026, and bidding will remain open until October 6, 2026.
The price band has been fixed at ₹66 to ₹70 per share, while the shares are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| IPO Name | TNA Solutions IPO |
| IPO Type | SME IPO |
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 6, 2026 |
| Price Band | ₹66 – ₹70 |
| Issue Size | ₹37.86 Crore |
| Fresh Issue | ₹37.86 Crore |
| Face Value | ₹10 |
| Lot Size | 2,000 Shares |
| Minimum Retail Bid | 4,000 Shares |
| Minimum Investment | ₹2,80,000 |
| Listing | BSE SME |
| Allotment Date | October 7, 2026 |
| Refund/Share Credit | October 8, 2026 |
| Listing Date | October 9, 2026 |
| Registrar | Maashitla Securities |
| Lead Manager | Credora Partners |
TNA Solutions IPO GMP Today
The grey market premium for TNA Solutions IPO is currently around ₹6 per share as of October 2, 2026. At the upper IPO price of ₹70, this indicates an unofficial premium of roughly 8.57%.
The GMP was reported at ₹7 on September 30 and October 1 before moving to around ₹6 on October 2. GMP is an unofficial market indicator and can change before the listing.
TNA Solutions IPO Subscription Status
The IPO received stronger demand on the second day of bidding. According to the latest reported figures available for October 1, the issue was subscribed around 1.66 times overall.
The QIB portion was subscribed around 4.77 times, while the retail category stood at about 0.64 times and the NII category at around 0.35 times. Subscription figures can continue changing during the remaining bidding period.
About TNA Solutions
TNA Solutions is an Indore-based manufacturer of home textile and home furnishing products. Its portfolio includes bedsheets, sheet sets, pillow covers, towels, comforters, quilts, dohars and mattress protectors.
The company operates largely through a B2B manufacturing model, supplying products to retailers, importers and domestic brands. It also sells through e-commerce marketplaces, wholesalers and retailers and has its own brand, Ambra Linens.
Its manufacturing operations include cutting, stitching, embroidery, finishing, quality checks, packaging and dispatch. The company sources greige and processed fabrics, while activities such as weaving, dyeing and printing are handled by third-party processors.
TNA Solutions IPO Financial Performance
TNA Solutions reported significant growth in its latest financial year. Total income increased to approximately ₹110.45 crore in FY2026 from ₹84.13 crore in FY2025. Profit after tax increased to around ₹9.58 crore from ₹6.66 crore during the same period.
| Particular | FY2025 | FY2026 |
|---|---|---|
| Total Income | ₹84.13 Cr | ₹110.45 Cr |
| Profit After Tax | ₹6.66 Cr | ₹9.58 Cr |
| EBITDA | ₹10.26 Cr | ₹12.68 Cr |
| Net Worth | — | ₹35.94 Cr |
| Borrowings | — | ₹46.29 Cr |
The company has also expanded its manufacturing capacity, with its facility increasing from around 26,000 sq. ft. to 56,000 sq. ft. The company received certifications including GOTS, SEDEX-SMETA, BCI, OEKO-TEX and SCAN to support its presence in international markets.
TNA Solutions IPO Use of Funds
The proceeds from the IPO will primarily be used to support the company's expansion and working-capital requirements. Around ₹6.76 crore is planned for civil construction of a new manufacturing unit and purchase of plant and machinery, while approximately ₹20 crore is earmarked for working capital. The remaining funds will be used for general corporate purposes.
TNA Solutions IPO Important Dates
The TNA Solutions IPO opened on September 30 and will close on October 6, 2026. The basis of allotment is expected on October 7, followed by refunds and demat credit on October 8. The shares are scheduled to list on October 9, 2026.
Overall, TNA Solutions IPO combines a growing home-textile business with a fresh-capital expansion plan. Investors tracking the issue should monitor the final subscription numbers, GMP movement and the company's financial and debt position as the IPO moves toward its October 6 closing date.
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