TNA Solutions IPO
CLOSEDSMEBidding Closed
Allotment today
Allotment
07 Oct 2026
Listing
09 Oct 2026
- Price Band
- ₹66 – ₹70
- Lot Size
- 2,000
- Lot Value
- ₹1,40,000
- Open Date
- 30 Sep30 Sep 2026
- Close Date
- 06 Oct06 Oct 2026
- Min Investment
- ₹1,40,000
Allotment
Check allotment statusAllotment date is today. Registrars usually publish status by evening.
About TNA Solutions
Use of IPO Proceeds
Total allocation: ₹26.76 Cr (excludes issue expenses)
Promoters
Ambuj Jain
Promoter and Managing Director · age 40
Post-issue: 50.22%
Ayush Jain
Promoter, Director and Chief Financial Officer · age 31
Post-issue: 0.6%
Tanu Jain
Promoter and Non-Executive Non-Independent Director · age 38
Post-issue: 0.12%
Investment Analysis
Risk Factors (6)
- •Revenue heavily dependent on sheeting segment (51% of FY26 revenues); adverse demand changes or market conditions could materially impact business performance.
- •Manufacturing facility in Indore is critical operational hub; equipment breakdown, industrial accidents, or natural disasters could cause significant business disruption.
- •Consumer preferences in home textiles change frequently; inability to identify and respond to design, fabric, and quality trends could reduce sales.
- •Product diversification efforts into pillows, towels, and top-of-bed may not sustain success; no assurance that new categories will remain profitable.
- •Demand affected by external economic factors including inflation, competition, and changes in customer purchasing behavior beyond company control.
- •First public issue with no established market price; Floor and Cap Price multiples do not guarantee post-listing trading value or market liquidity.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 51.37x (QIB 35.64x, NII 75.84x, Retail 46.13x) at close
- GMP ₹3 (+4.3%), unofficial, as of 07 Oct 2026, 09:00 AM IST
GMP Trend
Latest: ₹3 (+4.29%)Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,40,000 |
| Retail (max) | 1 | 2,000 | ₹1,40,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (min) | 8 | 16,000 | ₹11,20,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 5 |
|---|---|---|---|---|
| QIB | — | 4.77x | 4.77x | 35.64x |
| sNII (S-HNI) | — | — | — | — |
| bNII (B-HNI) | — | — | — | — |
| Retail | 0.46x | 0.64x | 0.64x | 46.13x |
| Total | 0.24x | 1.66x | 1.66x | 51.37x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
46.13x
Allotment Ratio
1 lot per 47 applicants
Allotment Probability
~2.2%
Non-Institutional Investors (NII / HNI)
Subscription
75.84x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
35.64x
Allotment Type
Discretionary allotment
Total Subscription
51.37x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
30 Sep 2026 · Wed
Issue Closes
06 Oct 2026 · Tue
Bidding Cut-off (UPI Mandate)
06 Oct 2026 · 5:00 PM IST
Allotment
07 Oct 2026 · Wed · Today
Listing
09 Oct 2026 · Fri
Issue Opens
30 Sep 2026 · Wed
Issue Closes
06 Oct 2026 · Tue
Bidding Cut-off (UPI Mandate)
06 Oct 2026 · 5:00 PM IST
Allotment
07 Oct 2026 · Wed · Today
Listing
09 Oct 2026 · Fri
IPO Details
| Registrar | — |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹37.86 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 104.59 | 9.58 | — | — | — |
| FY25 | 81.49 | 6.66 | — | — | — |
| FY24 | 35.85 | 2.69 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 36.32 | 84.13 | 110.45 |
| EBITDA | 5.13 | 10.26 | 12.68 |
| Total Borrowings | — | 25.73 | 46.29 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | ₹22.00 Cr |
| Issued Capital | — |
| Paid-up Capital | ₹15.00 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
| Convertibles | No outstanding convertible instruments |
Source: TNA Solutions offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in TNA Solutions's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in TNA Solutions's filing.
Source: TNA Solutions offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: TNA Solutions offer document (DRHP/RHP).
Board & Management
Board of Directors (4)
- Ambuj Jain₹0.48 Cr p.a.
Managing Director
Bachelor of Engineering (Textile Technology)
19 years in textile industry
- Ayush Jain₹0.18 Cr p.a.
Director and Chief Financial Officer
Master of Business Administration
8 years in finance and accounting
- Tanu Jain
Non-Executive Non-Independent Director
Bachelor of Arts
5 years in textile design
- Jinesh Pagaria
Independent Director
Chartered Accountant
10 years across finance, taxation, executive search and talent strategy
Key Managerial Personnel (3)
- Ambuj Jain₹0.48 Cr p.a.
Managing Director
Bachelor of Engineering (Textile Technology)
19 years in marketing and textile industry
- Ayush Jain₹0.18 Cr p.a.
Director and Chief Financial Officer
Master of Business Administration (Finance)
10 years in finance and accounting
- Hansa Maloo₹0.02 Cr p.a.
Company Secretary and Compliance Officer
CS (Company Secretary) and B.Com.
3 years in secretarial field
Source: TNA Solutions offer document (DRHP/RHP).
Industry & Market
Per Mordor Intelligence, a report commissioned by the company (not independent).
Documents
Frequently Asked Questions
When is the TNA Solutions IPO opening?
The TNA Solutions IPO opens on 30 Sep 2026 and closes on 06 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the TNA Solutions IPO?
The price band for the TNA Solutions IPO is ₹66 to ₹70. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the TNA Solutions IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,40,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of TNA Solutions IPO today?
The latest Grey Market Premium for TNA Solutions is ₹3 (+4.29%). GMP is unofficial data and is not a guarantee of listing price.
When will the TNA Solutions IPO list on NSE and BSE?
The TNA Solutions IPO is expected to list on 09 Oct 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the TNA Solutions IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the TNA Solutions IPO a mainboard or SME issue?
TNA Solutions is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the TNA Solutions IPO?
You can apply for the TNA Solutions IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of TNA Solutions IPO?
The GMP-implied price (unofficial, not a forecast) is ₹73: the upper price band of ₹70 plus the latest grey market premium of ₹3, as of 07 Oct 2026, 09:00 AM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for TNA Solutions IPO?
Based on the retail subscription of 46.13x, the estimated allotment ratio is 1 lot per 47 applicants (approximately 2.2% chance of allotment). This is an estimate and actual allotment may vary.
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TNA Solutions