TNA Solutions IPO GMP Today

The issue

TNA Solutions Limited is an Indore, Madhya Pradesh-based manufacturer and supplier of value-added home textile products. Its product range includes bed sheet sets, duvet covers, pillow shells, towels, and top-of-bed items such as comforters, quilts, and mattress protectors. The company primarily serves domestic and international clients on a business-to-business model, while also retailing through its direct-to-consumer brand, Ambra Linens.

TNA Solutions Limited is a SME issue on BSE. The price band is ₹70. One lot is 2,000 shares, and the smallest application is 2 lots (4,000 shares, ₹2,80,000 at the top of the band). The issue size is ₹37.86 crore.

The issue is entirely a fresh issue of shares worth ₹37.86 crore, with no offer for sale. Net proceeds will be used to fund capital expenditure for a new manufacturing unit and machinery purchase (₹6.76 crore), meet working capital requirements (₹20.00 crore), and support general corporate purposes.

For FY26, total income increased 31.28% to ₹110.45 crore from ₹84.13 crore in FY25. Profit after tax (PAT) rose 43.84% to ₹9.58 crore in FY26 from ₹6.66 crore in FY25.

TNA Solutions listed on 9 Oct 2026 at −20.00% over the ₹70 issue price. The last grey-market premium before listing was ₹0 (0.00%), so the listing came in below what the grey market implied.

Latest overall subscription on this edition is 55.20×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.

The company relies heavily on a limited number of B2B customers for a major portion of its revenue and faces product concentration in the sheeting segment. It is also dependent on a single manufacturing facility in Indore and outsources essential fabric dyeing and wet processing to third-party job workers.

The timetable on the record is open 30 Sept 2026, close 6 Oct 2026, allotment 7 Oct 2026, listing 9 Oct 2026. The registrar is the one named in the red herring prospectus. This sheet does not guess. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.

Company profile: AI analysis of the offer document and news coverage (2 Nov 2026). Sources: equityresearchindia.com, iporise.com, zerodha.com. Check the offer document before relying on a figure.