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₹70 - 70 Amounts at the upper price band.
TNA Solutions Ltd
TextilesIPOSME
₹70 - 70
TNA Solutions Limited ("TNA" or the "Company") is engaged in the manufacturing of home textile products for domestic and international customers. We manufacture a range of value-added home furnishing products including sheet sets, pillow shells/covers, towels, and top of bed products (comforters, mattress protectors, quilts) using greige fabric procured from weavers and finished fabric which we procure from mills, processing houses and stockists. Our manufacturing facility is located in Indore, Madhya Pradesh, where the procured fabric undergoes cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch as finished products.
Lot2,000Min Invest₹2,80,000Face Value₹10Issue Size₹38 CrFresh Issue₹38 CrListing Price₹56CMP₹49
Timeline
30 Sept
Bidding opens
6 Oct
Bidding closes
7 Oct
Allotment
8 Oct
Refund & demat credit
9 Oct
Listing
Subscription · As of 7:52 PM, 6 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB35.6x25.62 L9.13 Cr639.16NII75.8x7.74 L5.87 Cr410.90Retail46.2x18.00 L8.31 Cr581.70Total51.4x54.08 L27.79 Cr1,945.63
Reports
Offer Details
Terms
Issue Size₹38 Cr0.54 Cr shares
Fresh Issue₹38 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.92% · NII 15.07% · RETAIL 35.01%
Application Sizes
Retail₹2,80,0001-1 lots
sNII₹2,80,000from 2 lots
bNII₹11,20,000from 8 lots
Managers & Registrar
Lead ManagerCredora Partners Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group68.68%50.47%Public31.32%49.53%
Objects of the Issue
- Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery
- Funding of Working Capital Requirements
- General Corporate Purposes
Anchor Book
Bid Date29-Sep-2026Bid Price₹70Shares15,36,000Amount₹9 Cr30-day lock-in05-Nov-202690-day lock-in04-Jan-2027
Financials
Profit & Loss
| Financial Year | FY25 | FY26 |
|---|---|---|
| RevenueCr | 81 | 105 |
| Operating ProfitCr | 10 | 13 |
| OPM% | 12.6 | 12.1 |
| PBTCr | 9 | 13 |
| PATCr | 7 | 10 |
| EPS | 5 | 6 |
Balance Sheet
| Financial Year | FY25 | FY26 |
|---|---|---|
| Equity CapitalCr | 3 | 3 |
| ReservesCr | 20 | 33 |
| BorrowingsCr | 26 | 46 |
| Total AssetsCr | 57 | 94 |
Cash Flow
| Financial Year | FY25 | FY26 |
|---|---|---|
| Operating Cash FlowCr | -17 | -18 |
| Investing Cash FlowCr | -3 | -6 |
| Financing Cash FlowCr | 23 | 21 |
| Net Cash FlowCr | 3 | -3 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified home textile product portfolio.
- Geographically diversified, export-oriented revenue base.
- Experienced, hands-on promoter management.
- Multi-stage in-house quality control system.
- Technology-enabled, integrated operations.
Strategies · as stated in the DRHP
- Emerging owned-brand and direct-to-consumer presence.
- Expansion of Production capacity.
- Quality control and robust compliance systems to meet evolving buyer and regulatory requirements.
Risks · as stated in the DRHP
- The company's revenue from operations is significantly dependent on its sheeting segment, and any adverse change in demand, consumer preferences, or market conditions affecting this segment could adversely affect the company's business, financial condition, results of operations and cash flows.
- The company's business operations are dependent on its manufacturing facility. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.
- A substantial majority of the company's revenue from operations is derived from its B2B manufacturing segment. Any reduction in demand from the company's B2B customers or its inability to expand the company's B2C business may adversely affect its business, financial condition, results of operations and cash flows.
- Any shortage, delay or disruption in the operations or any failures on the part of third-party job workers or processing partners may adversely affect the company's business, financial condition, results of operations and cash flows.
- The Company is dependent on a limited number of suppliers for the procurement of raw materials used in its operations. Any disruption in supplies from such suppliers or the company's inability to maintain its relationships with them may adversely affect the company's business, financial condition, results of operations and cash flows.
- A substantial portion of the company's revenue from operations is derived from a limited number of customers. The loss of any such customer, a reduction or cancellation of its orders, or the company's inability to maintain these relationships could adversely affect its business, financial condition, results of operations and cash flows.