TNA Solutions IPO Listing Price, Gain & Allotment

TNA Solutions is in the manufacturing of home textile products for domestic and international customers. The ₹37.86 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 68.69% to 50.48% after the issue. At the upper price band the issue values the company at a post-issue P/E of 14.9.

Revenue rose from ₹36.32 Cr in FY24 to ₹110.45 Cr in FY26, a compound annual growth of 74.4%. Profit after tax grew from ₹2.69 Cr to ₹9.58 Cr. That is a net profit margin of 8.7% in FY26.

TNA Solutions listed at ₹56 on 9 Oct 2026, -20.0% against the issue price of ₹70. The last GMP before listing had pointed to about ₹72, so it opened 22.9 points below the grey market estimate. It closed the first day at ₹58.8 (-16.0%).

TNA Solutions is an SME IPO worth ₹37.86 crore with a price band of ₹66 – 70 per share. The issue opens on 30 September 2026 and closes on 6 October 2026. Shares are expected to list on 9 October 2026 on BSE SME.

TNA Solutions IPO is a book build issue of Rs. 37.86 Cr (0.54 Cr shares) by TNA Solutions Limited, which is in the manufacturing of home textile products for domestic and international customers. Its manufacturing facility is located in Indore, Madhya Pradesh, where it converts processed fabrics into finished home furnishing products based on customer specifications.

The Company offers a diversified portfolio of home textile products, including sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars and mattress protectors.

It primarily operates under a B2B manufacturing model, supplying products to global retailers, importers and domestic brands under their respective brands or specified labels. The Company also operates through B2C channels, including e-commerce marketplaces, wholesalers and retailers, and has its own brand “Ambra Linens”, launched in 2022.

The Company follows a focused manufacturing model wherein it procures greige fabric from weavers and finished or processed fabric from mills, processing houses and stockists. Third-party processing houses undertake activities such as weaving, dyeing and printing, while the Company carries out cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch at its Indore facility. It launched its own website for Ambra Linens in July 2026, further expanding its direct-to-consumer presence.