TNA Solutions Limited
SMEBSE
Issue details
Price band
₹66 - ₹70
Lot size
2,000 shares
Issue size
₹38 Cr
Min. investment
₹1,40,000
Registrar
Maashitla Securities
Subscription
51.39x · 27,673 applications
Grey market premium
₹0 · 0%
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IPO Timeline
Open
30 Sep
Close
6 Oct
Allotment
7 Oct
Listing
9 Oct
- Refunds & demat credit
- 8 Oct 2026
- Mandate end
- 21 Oct 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 2,000shares 1 lot · ₹1,40,000 | 2,000shares 1 lot · ₹1,40,000 |
| HNI | 4,000shares 2 lots · ₹2,80,000 | No limit funds permitting |
Based on the upper price band of ₹70 and a lot of 2,000 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| NII | 10,46,000 | 7,93,28,000 | 6,862 | 75.84x |
| Retail (IND) | 18,00,000 | 8,31,00,000 | 20,775 | 46.17x |
| Total | 38,72,000 | 19,89,94,000 | 27,673 | 51.39x |
Last updated 39 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹36 Cr
51,36,000 shares
Shares pre-issue
1,50,00,000
Shares post-issue
2,04,08,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 6.39 | 4.7 |
| P/E | 10.95 | 14.89 |
| Market cap | ₹105.00 Cr. | ₹142.86 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 32.60% |
| ROCE | 42.84% |
| Debt/Equity | 1.29 |
| RoNW | 26.67% |
| PAT Margin | 9.16% |
| EBITDA Margin | 12.12% |
| NAV | 119.80 |
| Price to Book Value | 0.58 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 |
| Assets | 94.21 | 57.47 | 24.33 |
| Reserves & surplus | 32.94 | 20.01 | 3.07 |
| Total borrowing | 46.29 | 25.73 | 11.38 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery₹6.76 Cr
- 2.Funding of Working Capital Requirements₹20 Cr
- 3.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Panchatv Bharat Ltd.SME | ₹140 | 14.23 | ₹122.55 | -12.46% |
| Vinod Texworld Ltd.SME | ₹94 | 10.48 | ₹89.30 | -5.00% |
| Ashutosh Fibre Ltd.SME | ₹92 | 9.03 | ₹147.00 | +59.78% |
| Fascinate Textiles Ltd.SME | ₹151 | 10.33 | ₹114.80 | -23.97% |
| Shreedhar Spinners Ltd.SME | ₹53 | 13.44 | ₹57.10 | +7.74% |
| Harikanta Overseas Ltd.SME | ₹91 | 14.66 | ₹75.77 | -16.74% |
| Yajur Fibres Ltd.SME | ₹174 | 23.49 | ₹132.25 | -23.99% |
| K K Silk Mills Ltd.SME | ₹38 | 12.12 | ₹30.40 | -20.00% |
| Game Changers Texfab Ltd.SME | ₹102 | 10.58 | ₹109.35 | +7.21% |
| Sihora Industries Ltd.SME | ₹66 | 13.14 | ₹66.50 | +0.76% |
| Sonaselection India Ltd.Mainboard | ₹99 | 12.38 | ₹107.42 | +8.51% |
| Alpine Texworld Ltd.Mainboard | ₹105 | 12.68 | ₹99.75 | -5.00% |
| Kusumgar Ltd.Mainboard | ₹419 | 44.8 | ₹602.80 | +43.87% |
| Aastha Spintex Ltd.Mainboard | ₹136 | 18.78 | ₹136.49 | +0.36% |
| Shree Ram Twistex Ltd.Mainboard | ₹104 | 38.21 | ₹71.40 | -31.35% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 28 Sep 2026. Always verify against the RHP before applying.