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TNA Solutions Limited

TNA Solutions Limited, established in 2021 as TNA Solutions LLP and converted into a public limited company in 2024, is engaged in the manufacturing of home textile products for domestic and international customers. Its product portfolio includes sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, mattress protectors and quilts. The company sources greige fabric from weavers and finished fabric from mills, processing houses and stockists, while using third-party processors for dyeing, printing and other wet-processing activities without transferring ownership of the fabric. At its manufacturing facility in Indore, Madhya Pradesh, the fabric undergoes cutting, stitching, embroidery, finishing, quality checks and packing before dispatch. Most products are manufactured according to customer specifications and supplied under the brands of global retailers, importers and domestic companies. B2B manufacturing contributed 99.60% of revenue from operations in Fiscal 2026, while exports accounted for around 52.03% of revenue, with the USA and UAE being the key overseas markets. The company also operates its own consumer brand, Ambra Linens, launched in 2022, which is sold through online marketplaces, retailers and wholesalers, and through its own website since July 2026. Going forward, TNA Solutions plans to expand its owned brand while continuing its core B2B manufacturing operations and is establishing a new manufacturing facility in Madhya Pradesh to increase production capacity.

₹66 - ₹7055.28x sub
Listed Price₹56.00
Listing Gain-20.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open30 Sep 2026
Close06 Oct 2026
Allotment07 Oct 2026
Listing09 Oct 2026

Quota Reservation Portions

AnchorPortion: 15,36,000 shares
28.4%
QIBPortion: 10,26,000 shares
18.97%
HNIPortion: 7,74,000 shares
14.31%
RetailPortion: 18,00,000 shares
33.28%
Market MakerPortion: 2,72,000 shares
5.03%

Minimum Application Bracket Matrix

Retail2 lots / 4,000 shares
₹2,80,000
sHNI3 lots / 6,000 shares
₹4,20,000
bHNI8 lots / 16,000 shares
₹11,20,000

About the Company

TNA Solutions Limited, established in 2021 as TNA Solutions LLP and converted into a public limited company in 2024, is engaged in the manufacturing of home textile products for domestic and international customers. Its product portfolio includes sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, mattress protectors and quilts. The company sources greige fabric from weavers and finished fabric from mills, processing houses and stockists, while using third-party processors for dyeing, printing and other wet-processing activities without transferring ownership of the fabric. At its manufacturing facility in Indore, Madhya Pradesh, the fabric undergoes cutting, stitching, embroidery, finishing, quality checks and packing before dispatch. Most products are manufactured according to customer specifications and supplied under the brands of global retailers, importers and domestic companies. B2B manufacturing contributed 99.60% of revenue from operations in Fiscal 2026, while exports accounted for around 52.03% of revenue, with the USA and UAE being the key overseas markets. The company also operates its own consumer brand, Ambra Linens, launched in 2022, which is sold through online marketplaces, retailers and wholesalers, and through its own website since July 2026. Going forward, TNA Solutions plans to expand its owned brand while continuing its core B2B manufacturing operations and is establishing a new manufacturing facility in Madhya Pradesh to increase production capacity.

Company Promoters

Ambuj JainAyush JainTanu Jain

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-26)₹110.45 Cr
Growth+204.1%
Revenue Trend (₹ in Crores)
0.042.384.7127.0Mar-24Mar-25Mar-26
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-26110.459.5894.2146.29
Mar-2584.136.6657.4725.73
Mar-2436.322.6924.3311.41
Key Performance Indicators (KPIs)
PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-266.4132.60%42.84%10.9214.91
Mar-254.7347.83%51.65%00
Mar-24084.38%89.40%00

Peer Comparison & Valuation

Industry Benchmarks
Financial Performance

TNA Solutions Limited

NAV/Share (₹)119.80
RONW(%)32.60
EPS (Basic) (₹)6.41

VTM Limited

NAV/Share (₹)31.32
RONW(%)5.18
EPS (Basic) (₹)1.11

Faze Three Limited

NAV/Share (₹)182.33
RONW(%)6.00
EPS (Basic) (₹)11.53
Valuation

TNA Solutions Limited

P/E(X)10.92
CMP* (₹)0
Face value (₹)10.00

VTM Limited

P/E(X)41.84
CMP* (₹)0
Face value (₹)10.00

Faze Three Limited

P/E(X)37.35
CMP* (₹)0
Face value (₹)10.00

Broker & Analyst Reviews

Consensus Verdict

May apply

No review summary is available yet.

No IPO review records are available for this issue yet.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
07 Oct 2026
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
09 Oct 2026

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for TNA Solutions Limited. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

Indian Standard Time (IST)
1. Allotment Finalization07 Oct 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date09 Oct 2026Trading commences on exchange

How to Check TNA Solutions Limited Allotment Online

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3Enter Details

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Prospectus & Official Filings

SEBI / Exchange Documents

About TNA Solutions Limited IPO

Complete issue overview for TNA Solutions Limited (TNA) IPO. The issue features an equity share price band of ₹66 – ₹70 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,40,000). Explore live market tracking on our GMP Tracker or view category bidding on the Subscription Page.

Frequently Asked Questions