TNA Solutions IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹70
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,40,000
- Total Issue Size
- ₹37.86 Cr
- 54,08,571 shares
- Fresh Issue
- ₹37.86 Cr
- 54,08,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,50,00,000
- Shares Post-Issue
- 2,04,08,000
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
1 lot · 2,000 shares
Retail (max)
1 lot · 2,000 shares
S-HNI (min)
2 lots · 4,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual | 2 | 4,000 | ₹2,80,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹4,20,000 |
| Big HNI (B-HNI) | 8 | 16,000 | ₹11,20,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 94.21 | 57.47 | 24.33 |
| Total Income | 110.45 | 84.13 | 36.32 |
| Profit After Tax | 9.58 | 6.66 | 2.69 |
| EBITDA | 12.68 | 10.26 | 5.13 |
| Net Worth | 35.94 | 22.86 | 4.98 |
| Reserves & Surplus | 32.94 | 20.01 | 3.07 |
| Total Borrowing | 46.29 | 25.73 | 11.41 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 32.6 | 47.83 | 84.38 |
| ROCE (%) | 42.84 | 51.65 | 89.4 |
| EPS (₹) | 6.41 | 4.73 | — |
| P/E (pre-issue) | 10.92 | — | — |
| P/E (post-issue) | 14.91 | — | — |
About TNA Solutions
TNA Solutions began in 2021 as an LLP and converted to a public limited company in 2024. It manufactures home textiles for Indian and overseas buyers, covering sheet sets, pillow shells and covers, towels, and top-of-bed items such as comforters, mattress protectors and quilts. Greige fabric is bought from weavers and finished fabric from mills, processing houses and stockists; dyeing, printing and other wet processing is put out to third parties while the company retains ownership of the cloth. At its Indore facility in Madhya Pradesh the fabric is cut, stitched, embroidered, finished, inspected and packed. Most output is made to customer specification.
Company Information
Strengths (from RHP)
- The product range covers bedding, bath and top-of-bed lines rather than a single category.
- A meaningful share of revenue comes from exports, which spreads the customer base beyond India.
- The promoters are directly involved in running the business and have textile industry experience.
Key risks (from RHP)
- The sheeting segment accounts for most revenue, so demand there drives overall results.
- All manufacturing runs through one facility in Indore.
- Selling business-to-business on made-to-specification orders means revenue depends on a relatively small number of buyers.
- Book running lead managers
- Credora Partners Private Limited
- Registered office
- Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh, 453331