TNA Solutions IPO GMP today is Rs -14. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
TNA
TNA Solutions IPO GMP, Subscription & Allotment Status Today
TNA Solutions manufactures and supplies home textile products to domestic and international markets. The company operates primarily on a business-to-business model, manufacturing customized home furnishings according to client specifications for domestic and overseas brands. Its product portfolio includes sheeting products such as flat sheets, fitted sheets, and duvet sets, as well as pillow pairs, towels, and top-of-bed items like comforters, mattress protectors, and quilts. The company also operates a direct-to-consumer segment under its brand, Ambra Linens. TNA Solutions generates revenue from the sale of these home textile goods across India and export markets including the United States, United Arab Emirates, South Africa, and the United Kingdom. Operations are conducted through its manufacturing facility situated in Indore, Madhya Pradesh, which undertakes cutting, stitching, embroidery, finishing, quality inspection, and packaging, while outsourcing fabric dyeing, printing, and other wet processing to external job workers.
- Price Band
- ₹66.00 - ₹70.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 06 Oct 2026
- Listing Date
- 09 Oct 2026
Current GMP Status
₹-14
-20% vs upper band
Est. Listing Gain
-20.00%
Last Trend
08 Oct 2026
Listing Price
₹56.00
Retail Entry
₹2,80,000
IPO Details
Complete IPO information
| Current GMP | ₹-14 |
|---|---|
| Estimated Listing Gain | -20.00% |
| Price Band | ₹66.00 - ₹70.00 |
| Issue Price | Approx ₹37.86 Crores |
| Listing Price | ₹56.00 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 51.39x |
| Listing Date | 09 Oct 2026 |
| Minimum Investment | ₹2,80,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 10.26 | 365.66 | 35.64x |
| NII | 10.46 | 793.28 | 75.84x |
| Retail | 18 | 831 | 46.17x |
| Overall Subscription | 38.72 | 1989.94 | 51.39x |
Day-wise demand
TNA Solutions IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (01 Oct) | 0x | 0.08x | 0.46x | 0.24x |
| Day 4 (05 Oct) | 4.77x | 0.35x | 0.64x | 1.66x |
| Day 5 (06 Oct) | 4.77x | 1.7x | 2.42x | 2.85x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Company data
{TNA Solutions}: financials, valuation & listing
Listing details
| Listing date | 09 Oct 2026 |
|---|---|
| BSE code | 544983 |
| ISIN | INE10VL01011 |
| Offer price | ₹66 – ₹70 |
| Face value | ₹10 |
| Listing price | ₹56 |
Valuation
| Return on equity (ROE) | 32.60% |
|---|---|
| Return on capital employed (ROCE) | 42.84% |
| EBITDA margin | 12.12% |
| PAT margin | -% |
| EPS | 6.41 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 32.60% |
| NAV per share | 119.80 |
Financial history
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 36.32 Cr. | 32.18 Cr. | 2.69 Cr. | 24.33 Cr. |
| 2025 | 84.13 Cr. | 74.75 Cr. | 6.66 Cr. | 57.47 Cr. |
| 2026 | 110.45 Cr. | 97.56 Cr. | 9.58 Cr. | 94.21 Cr. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| VTM Limited | 371.98 Cr. | 1.11 | 41.84 | 5.18% | 31.32 |
| Faze Three Limited | 860.11 Cr. | 11.53 | 37.35 | 6.00% | 182.33 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Capital expenditure for new manufacturing unit and machinery | 6.76(17.86%) |
| Funding of working capital requirements | 20(52.83%) |
| General Corporate Purposes | 11.1 (29.31%) |
Key dates
| UPI mandate deadline | 06 Oct 2026 |
|---|---|
| Allotment finalised | 07 Oct 2026 |
| Refund initiation | 08 Oct 2026 |
| Shares credited | 08 Oct 2026 |
| Mandate end date | 21 Oct 2026 |
| Anchor lock-in ends (50%) | 05 Nov 2026 |
| Anchor lock-in ends (remaining) | 04 Jan 2027 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare TNA Solutions IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, TNA Solutions is priced at ₹70 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,80,000 to participate in this SME issue.
The latest recorded Grey Market Premium for TNA Solutions stands at ₹-14, implying an estimated listing gain of around -20.00% over the issue price if it holds until listing. This is down ₹1 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, TNA Solutions's IPO was subscribed 51.39x overall, with a category-wise breakdown of Retail 46.17x, QIB 35.64x, NII 75.84x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Sept 2026
✓
Bidding Closes
06 Oct 2026
✓
Allotment
07 Oct 2026
✓
Listing
09 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 08 Oct 2026 | ₹2.00 | -₹1.00 | 2.86% |
| 07 Oct 2026 | ₹3.00 | -₹7.00 | 4.29% |
| 06 Oct 2026 | ₹10.00 | - | 14.29% |
| 05 Oct 2026 | ₹10.00 | +₹4.00 | 14.29% |
| 03 Oct 2026 | ₹6.00 | - | 8.57% |
| 02 Oct 2026 | ₹6.00 | -₹1.00 | 8.57% |
| 01 Oct 2026 | ₹7.00 | - | 10.00% |
| 30 Sept 2026 | ₹7.00 | - | 10.00% |
| 29 Sept 2026 | ₹7.00 | +₹2.00 | 10.00% |
| 28 Sept 2026 | ₹5.00 | - | 7.14% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹11,20,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
TNA Solutions IPO Details
TNA Solutions IPO is a book building issue with an issue size of Approx ₹37.86 Crores. The IPO comprises a fresh issue of Approx ₹37.86 Crores and is proposed to be listed on the BSE SME. The IPO price band is set at ₹66 – ₹70 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 30 Sept 2026 |
| IPO Close Date | 06 Oct 2026 |
| IPO Price Band | ₹66 – ₹70 |
| Issue Size | Approx ₹37.86 Crores |
| Fresh Issue | Approx ₹37.86 Crores |
| Issue Type | SME |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above TNA Solutions IPO details are based on the information provided for the issue.
Analysis
TNA Solutions IPO Reservation
The TNA Solutions IPO shares are reserved across anchor investors, qualified institutional buyers, non-institutional investors and retail investors. The category-wise allocation is shown below along with the number of shares offered and the corresponding percentage of the issue.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 15,38,000 Shares | 28.44% |
| QIB (Ex. Anchor) | 10,26,000 Shares | 18.97% |
| NII Shares Offered | 7,74,000 Shares | 14.31% |
| Retail Shares Offered | 17,98,000 Shares | 33.25% |
Note: The reservation figures are presented as provided for the TNA Solutions IPO.
Analysis
TNA Solutions IPO Anchor Investors
TNA Solutions completed its anchor investor bidding on September 29, 2026, ahead of the public issue. The anchor portion includes 15,38,000 shares with an allocation value of ₹10.75 Crores. The applicable lock-in dates for the allocated anchor shares are provided below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 29, 2026 |
| Shares Offered | 15,38,000 Shares |
| Anchor Size | 10.75 Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | Nov 6, 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | Jan 5, 2027 |
Note: Anchor investor and lock-in details are presented as provided for the TNA Solutions IPO.
Analysis
TNA Solutions IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Sept 2026 |
| IPO Close Date | 06 Oct 2026 |
| Basis of Allotment | 07 Oct 2026 |
| Refunds | 08 Oct 2026 |
| Credit to Demat Account | 08 Oct 2026 |
| IPO Listing Date | 09 Oct 2026 |
Note: The timeline for TNA Solutions IPO is tentative and subject to change.
Analysis
TNA Solutions IPO Promoters and Holding Pattern
The promoters of TNA Solutions are Ambuj Jain, Ayush Jain and Tanu Jain. The table below presents the shareholding structure before and after the IPO, showing the change in promoter and promoter group ownership alongside the holding of other shareholders.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,03,02,500 | 68.68% | 9,500,900 | 46.56% |
| Others* | 46,97,500 | 31.32% | 10,906,300 | 53.44% |
| Total | 15,000,000 | 100% | 20,407,200 | 100% |
Note: Promoter names and holding figures are presented as provided for the TNA Solutions IPO.
Analysis
TNA Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Capital expenditure for new manufacturing unit and machinery | 6.76(17.86%) |
| Funding of working capital requirements | 20(52.83%) |
| General Corporate Purposes | 11.1 (29.31%) |
Note: Objectives are as specified in the DRHP/RHP documents of TNA Solutions.
Analysis
TNA Solutions About Ipo
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.
Analysis
TNA Solutions Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 36.32 Cr. | 32.18 Cr. | 2.69 Cr. | 24.33 Cr. |
| 2025 | 84.13 Cr. | 74.75 Cr. | 6.66 Cr. | 57.47 Cr. |
| 2026 | 110.45 Cr. | 97.56 Cr. | 9.58 Cr. | 94.21 Cr. |
Note: Financial numbers for TNA Solutions are in ₹ Crores unless stated otherwise.
Analysis
TNA Solutions Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 32.60% |
| ROCE | 42.84% |
| EBITDA Margin | 12.12% |
| PAT Margin | -% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | 6.41 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 32.60% |
| Net Asset Value (NAV) | 119.80 |
Note: Valuation KPIs for TNA Solutions are computed for FY2026.
Analysis
TNA Solutions IPO Peer Group Comparison
| Company | EPS | PE Ratio | 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. |
Note: Peer group comparisons for TNA Solutions are sourced from DRHP filings.
Analysis
TNA Solutions IPO Lead Managers aka Merchant Bankers
- Credora Partners Pvt.Ltd.
FAQ
TNA Solutions IPO FAQs
TNA Solutions IPO price band is Rs 66.00 to Rs 70.00. Check the latest issue price, lot size and GMP together before applying.
TNA Solutions IPO open date is 30 Sept 2026, close date is 06 Oct 2026, and listing date is 09 Oct 2026.
TNA Solutions IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,80,000.
TNA Solutions is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
TNA Solutions IPO subscription status currently shows Retail 46.17x, QIB 35.64x, NII 75.84x, Overall 51.39x.
TNA Solutions manufactures and supplies home textile products to domestic and international markets. The company operates primarily on a business-to-business model, manufacturing customized home furnishings according to client specifications for domestic and overseas brands. Its product portfolio includes sheeting products such as flat sheets, fitted sheets, and duvet sets, as well as pillow pairs, towels, and top-of-bed items like comforters, mattress protectors, and quilts. The company also operates a direct-to-consumer segment under its brand, Ambra Linens. TNA Solutions generates revenue from the sale of these home textile goods across India and export markets including the United States, United Arab Emirates, South Africa, and the United Kingdom. Operations are conducted through its manufacturing facility situated in Indore, Madhya Pradesh, which undertakes cutting, stitching, embroidery, finishing, quality inspection, and packaging, while outsourcing fabric dyeing, printing, and other wet processing to external job workers.
TNA Solutions IPO issue size is TBA and the expected allotment date is 07 Oct 2026.
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