Overview
Updated 2 hr agoTNA Solutions Limited is a home textile manufacturer based in Indore, Madhya Pradesh, specializing in products like bedsheets, pillow pairs, and towels. The company operates primarily in the B2B segment and is expanding its manufacturing capacity through this IPO.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,40,000 |
| bNII (min) | 8 | 16,000 | ₹11,20,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹66–70 |
| Final issue price | ₹70.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,40,000 |
| Issue size | ₹38.00 Cr |
| Market cap at upper band | ₹143 Cr |
| Registrar | MAASHITLA SECURITIES PRIVATE LIMITED |
| Lead managers | Credora Partners Private Limited |
| NSE symbol | TNA |
| ISIN | INE10VL01011 |
Company & business
TNA Solutions Limited, incorporated in 2024, is a home textile company that manufactures and sells products including flat sheets, fitted sheets, duvet sets, pillow pairs, and towels. The company operates a manufacturing facility in Indore, Madhya Pradesh, and primarily serves B2B customers, with a small but growing B2C presence under the brand 'Ambra Linens'. The company outsources certain processing activities like dyeing and printing to third-party partners. It exports its products to various international markets, including the United States, the United Kingdom, and South Africa, while also maintaining a domestic market presence. The company is currently focused on scaling its operations and increasing its production capacity.
Objects of the issue — how the money will be used
- Capital expenditure for civil construction of the new manufacturing unit and purchase of plant and machinery (₹6.76 Cr)
Key strengths
- Significant growth in revenue from operations
- Diversified product portfolio including sheeting, pillow pairs, and towels
- Established presence in both domestic and international markets
- Focus on B2B manufacturing with potential for B2C expansion
- Strategic location of manufacturing facility in Indore
Key risks
- High dependence on the sheeting segment for revenue
- Significant concentration of revenue from a limited number of customers
- Negative cash flows from operating and investing activities in recent years
- Dependence on third-party job workers and processing partners
- Exposure to risks associated with export markets and foreign exchange fluctuations
- Limited operating history as a company
- Pending registration for certain trademarks
Promoters
Ambuj Jain, Ayush Jain, Tanu Jain
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 35.85 | -- | -- | -- | -- | -- |
| FY25 | 81.49 | -- | -- | -- | -- | -- |
| FY26 | 104.59 | -- | -- | -- | -- | 46.29 |
Key performance indicators · FY26
Peers & valuation
Other Textile IPOs
Same sector, listed just before and after this one, with their listing-day change.
Paramount SyntexPARASYNTEX · BSE · SME · Textile−14.0%9 Oct
Dudani RetailDUDANI · BSE · SME · Textile−13.8%5 Oct
Unitec FibresUNITEC · BSE · SME · Textile+3.0%30 Sep
Vivekanand CotspinVIVEKANAND · BSE · SME · Textile+7.8%28 Sep
Sonaselection IndiaSONA · BSE, NSE · Mainboard · Textile+8.5%24 Sep
Panchatv BharatPANCHATV · BSE · SME · Textile−12.5%18 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.