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 & Allotment
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.
- IPO Price Band
- ₹66.00 - ₹70.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 06 Oct 2026
- Listing Date
- 09 Oct 2026
Quick Answer & Highlights
TNA Solutions IPO GMP Today & Key Takeaways
Last updated: 08 Oct 2026
TNA Solutions IPO officially listed on 09 Oct 2026 at Rs 56.00, delivering a -20.00% listing gain compared to its issue price of Rs 37.86. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-14.
TNA Solutions IPO officially listed on 09 Oct 2026 at ₹56.00, delivering a -20.00% listing gain compared to its issue price of ₹37.86. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-14.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹-14 | -20% vs upper band (08 Oct 2026) |
| Est. Listing Price | ₹56.00 | -20.00% Est. Listing Gain |
| Price Band | ₹66.00 - ₹70.00 | SME IPO |
| Retail Minimum Investment | ₹2,80,000 | 2 Lot (2,000 Shares) |
| Bidding Window | 30 Sept 2026 – 06 Oct 2026 | Listed |
| Allotment & Listing Dates | Allotment: 07 Oct 2026 | Listing: 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
| IPO Open Date | 30 Sept 2026 |
|---|---|
| IPO Close Date | 06 Oct 2026 |
| IPO Price Band | ₹66.00 - ₹70.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹-14 |
| Estimated Listing Gain | -20.00% |
| Issue Size | Approx ₹37.86 Cr |
| Fresh Issue | Approx ₹37.86 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Overall Subscription | 51.39x |
| Minimum Investment | ₹2,80,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 10.26 | 365.66 | 35.64xx |
| NII | 10.46 | 793.28 | 75.84xx |
| Retail | 18 | 831 | 46.17xx |
| Overall Subscription | 38.72 | 1,989.94 | 51.39xx |
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.
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
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 30 Sept 2026 | Completed |
| Bidding Closes | 06 Oct 2026 | Completed |
| Allotment | 07 Oct 2026 | Completed |
| Listing | 09 Oct 2026 | Completed |
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 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 | 9.16% |
| Debt to Equity Ratio | 1.29 |
| Earning Per Share (EPS) | 6.39 |
| Price/Earning P/E Ratio | 10.95x |
| Return on Net Worth (RoNW) | 26.67% |
| 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 |
|---|---|---|---|---|---|
| Faze Three Limited | 11.53 | 37.35 | 182.33 | 6.00 | 860.11 |
| VTM Limited | 1.11 | 41.84 | 31.32 | 5.18 | 371.98 |
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.
Comparison
Compare TNA Solutions IPO with similar IPOs
FAQ
TNA Solutions IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs -14 and an issue price of Rs 70, the estimated listing price for TNA Solutions IPO is Rs 56.00 (approx -20.00% listing gain). Actual listing price is determined by market demand on the listing day.
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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