Issue Price
₹70
Per Share
GMP
+₹10
+14.29% Grey Market
Est. Listing
₹80
Expected Price
Min. Application
₹280,000
2 lots × 2000 shares
Incorporated in September 2021, TNA Solutions Limited is engaged 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.The Company has a geographically diversified, export-oriented revenue base and focuses on product quality, manufacturing efficiency and timely delivery. Its operations are supported by technology-enabled processes and a multi-stage quality control system. The Company also benefits from experienced promoter management and capabilities across product development, production planning, sourcing, quality assurance and customer servicing.As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees, with its workforce primarily engaged in production and planning, quality assurance, warehouse and stores, and other operational and support functions.Competitive StrengthsDiversified Home Textile Product Portfolio.Multi-Stage In-House Quality Control System.Technology-Enabled and Integrated Operations.Experienced and Hands-On Promoter Management.Geographically Diversified and Export-Oriented Revenue Base.
TNA Solutions Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2,562,000 | — | ₹17.93 Cr | 15.24x |
| NII / HNI | 774,000 | — | ₹5.42 Cr | 102.30x |
| Retail (RII) | 1,800,000 | — | ₹12.60 Cr | 46.06x |
| Market Maker | 272,000 | — | ₹1.90 Cr | — |
| TOTAL | 5,136,000 | 100.00% | ₹35.95 Cr | 39.16x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| sNII (Min) | 14 | 28,000 | ₹1,960,000 |
| bNII (Min) | 68 | 136,000 | ₹9,520,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 110.45 | 84.13 | 36.32 |
| EBITDA | 12.68 | 10.26 | 5.13 |
| Profit After Tax (PAT) | 9.58 | 6.66 | 2.69 |
| Net Worth | 35.94 | 22.86 | 4.98 |
| Total Assets | 94.21 | 57.47 | 24.33 |
| Reserves & Surplus | 32.94 | 20.01 | 3.07 |
| Total Borrowings | 46.29 | 25.73 | 11.38 |