TNA Solutions IPO
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TNA Solutions IPO details
Schedule of TNA Solutions
| Issue open date | 30 Sep 2026 |
| Issue close date | 06 Oct 2026 |
| UPI mandate deadline | 06 Oct 2026 (5 PM) |
| Allotment finalization | 07 Oct 2026 |
| Refund initiation | 08 Oct 2026 |
| Share credit | 08 Oct 2026 |
| Listing date | 09 Oct 2026 |
| Mandate end date | 21 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About TNA Solutions
TNA Solutions manufactures and supplies home textile products to domestic and international markets. The company operates primarily on a business-to-business model, manufacturing customized home furnishings according to client specifications for domestic and overseas brands. Its product portfolio includes sheeting products such as flat sheets, fitted sheets, and duvet sets, as well as pillow pairs, towels, and top-of-bed items like comforters, mattress protectors, and quilts. The company also operates a direct-to-consumer segment under its brand, Ambra Linens. TNA Solutions generates revenue from the sale of these home textile goods across India and export markets including the United States, United Arab Emirates, South Africa, and the United Kingdom. Operations are conducted through its manufacturing facility situated in Indore, Madhya Pradesh, which undertakes cutting, stitching, embroidery, finishing, quality inspection, and packaging, while outsourcing fabric dyeing, printing, and other wet processing to external job workers.
Financials of TNA Solutions
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 37.86 |
| Fresh Issue – Proceeds go to the company | 37.86 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure for new manufacturing unit and machinery |
6.76(17.86%) |
| Funding of working capital requirements | 20(52.83%) |
| General Corporate Purposes | 11.1 (29.31%) |
Strengths
- Diverse home textile product portfolio serving both B2B and B2C segments.
- Established international presence with exports to over ten countries.
- Expanding manufacturing capacity to effectively meet rising customer demand.
- Successful launch of proprietary direct-to-consumer brand, Ambra Linens.
- Consistent revenue growth driven by strong relationships with key clients.
Risks
- Significant revenue concentration in the sheeting product segment.
- Heavy reliance on a limited number of B2B customers for the majority of sales.
- High working capital requirements have led to negative operating cash flows.
- Business operations depend heavily on a single manufacturing facility in Indore.
- Reliance on third-party job workers for essential fabric processing activities.
Allotment Status for TNA Solutions
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for TNA Solutions
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on October 06, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.26 | 365.66 | 35.64x |
| NII | 10.46 | 793.28 | 75.84x |
| Retail | 18 | 831 | 46.17x |
| Total | 38.72 | 1989.94 | 51.39x |