- POSITIVE
Annual Revenue TNA Solutions Mar-2026 Annual Revenue is Rs 110 Cr which is growth of 31.3% YoY.
- POSITIVE
Annual Net Profit TNA Solutions Mar-2026 Annual Net Profit is Rs 10 Cr which is growth of 43.9% YoY.
TNA Solutions Ltd. IPO Details
TNA Solutions was incorporated on September 17, 2021. The company manufactures value-added home textile products such as sheet sets, pillow covers, towels, comforters, mattress protectors and quilts for domestic and international customers. Its Indore facility handles cutting, stitching, embroidery, finishing, quality checks, packaging and dispatch of finished products
| Bidding Dates |
|---|
| 30 Sep 2026 - 06 Oct 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹264,000 | 2 | 2 | 2000 | 5.4 M | ₹66 - ₹70 | 50.48 % | ₹356.9 M - ₹378.6 M | RHP DOC |
TNA Solutions issue details
TNA Solutions has 5.4 M shares on offer
TNA Solutions IPO offer price is in the range ₹66 - ₹70
TNA Solutions IPO minimum Investment is ₹264000
TNA Solutions IPO issue size is ₹ 356.9 M - ₹ 378.6 M
TNA Solutions has a minimum lot size of 2000 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
TNA Solutions IMPORTANT IPO DATES
| Issue Open Date | 30 Sep 2026 |
| Issue close Date | 06 Oct 2026 |
| Allotment Date | 07 Oct 2026 |
| Refund Date | 08 Oct 2026 |
| Demat Account Credit Date | 08 Oct 2026 |
| Listing Date | 09 Oct 2026 |
| Listing on Exchange(s) | BSE |
TNA Solutions IPO subscription opens on 30 Sep 2026, and closes on 06 Oct 2026
IPO allotment for TNA Solutions is expected to be finalized on Wednesday, 07 Oct 2026
IPO listing for TNA Solutions will be on BSE on Friday, 09 Oct 2026
TNA Solutions NUMBER OF SHARES ON OFFER
Total5.4 M
Fresh Issue5.4 M
Offer for Sale0
Post Issue Promoter Holding %50.48 %
TNA Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 104.6 | 9.6 | -18.5 | -22.2 | 12.1% |
| FY25 | 81.5 | 6.7 | -17.3 | -19.4 | 12.6% |
| FY24 | 35.9 | 2.7 | -8.6 | -9.0 | 14.3% |
TNA Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TNA Solutions Ltd. | 70 | 142.9 | 14.9 | 0.3 | 1.3 | 26.7 | 10.2 | 110.4 | 31.3 | 9.6 | 43.9 | 4.7 | 43.9 |
| KPR Mill Ltd. | 1081.5 | 36967.2 | 40.5 | 3.8 | 5.4 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 26.7 | 10.7 |
| Welspun Living Ltd. | 225.2 | 21601.1 | 77.8 | -1.6 | 2.2 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.9 | -48.7 |
| Vardhman Textiles Ltd. | 529.6 | 15334.5 | 18.1 | -38.2 | 1.5 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Arvind Ltd. | 545.4 | 14838.5 | 35.8 | 2.8 | 1.5 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 12.7 |
| Trident Ltd. | 22.5 | 11460.8 | 29 | -3.1 | 1.7 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Annual
Balance Sheet
Ratios
Cash Flow
TNA Solutions annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 110.5 | 84.1 | 36.3 | ||
Operating Exp. Ann. | 91.9 | 71.2 | 30.7 | |
Operating Profit Ann. | 12.7 | 10.3 | 5.1 | |
OPM Ann. % | 11.48% | 12.20% | 14.13% | |
| 97.6 | 74.8 | 32.2 | ||
EBITDA Ann. | 18.5 | 12.9 | 5.6 | |
EBITDA Ann. margin % | 16.78% | 15.34% | 15.41% | |
Interest Ann. | 5 | 3.2 | 1.2 | |
Depr. | 0.7 | 0.4 | 0.2 | |
PBT Ann. | 12.9 | 9.4 | 4.1 | |
Tax Ann. | 3.3 | 2.7 | 1.5 | |
| 9.6 | 6.7 | 2.7 | ||
Net Profit Ann. | 9.6 | 6.7 | 2.7 | |
NPM Ann. % | 9.16% | 8.17% | 7.49% | |
EPS Adj. latest Ann. | 4.7 | 3.3 | 1.3 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
31.4%
2Y CAGR
74.5%
Net Profit Ann.
1Y CHG
43.3%
2Y CAGR
88.6%
Operating Exp. Ann.
1Y CHG
29.1%
2Y CAGR
73%
TNA Solutions INFORMATION ON IPO ISSUE
About TNA Solutions
TNA Solutions was incorporated on September 17, 2021. The company manufactures value-added home textile products such as sheet sets, pillow covers, towels, comforters, mattress protectors and quilts for domestic and international customers. Its Indore facility handles cutting, stitching, embroidery, finishing, quality checks, packaging and dispatch of finished products
Object 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
TNA Solutions - PROMOTERS
| Name |
|---|
| Ambuj Jain |
| Ayush Jain |
| Tanu Jain |
TNA Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ambuj Jain | Managing Director |
| Ayush Jain | Director & CFO |
| Tanu Jain | Non-Executive Non-Independent Director |
| Jinesh Pagaria | Independent Director |
| Manish Manwani | Additional Independent Director |
TNA Solutions Book Running Lead Manager
Credora Partners Private Limited
info@credorapartners.com
TNA Solutions Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
TNA Solutions Strengths
Diversified product portfolio
The company offers sheet sets, pillow covers, towels and comforters in different sizes and qualities to meet varied customer requirements. Its diversified portfolio helps serve a wider domestic and international customer base, reduce dependence on a single product category and support business stability
Strength
Geographically diversified revenue base
The company generates revenue from multiple states in India and overseas markets, providing a diversified geographic presence and wider customer reach. In Fiscal 2026, exports contributed 52.03% and domestic sales 47.97% of revenue from operations, reducing dependence on any single market
Strength
Multi-stage quality systems
The company follows a multi-stage quality control system covering fabric inspection, first-piece approval, in-process checks, endline and final inspections, defect classification, CAPA and product traceability. Certifications and compliance standards such as OEKO-TEX Standard 100, GOTS and SCAN support its quality and compliance credentials across domestic and export markets
Strength
TNA Solutions Risks
Operational risks
The company relies on third-party processing houses for activities such as dyeing, printing and wet processing, without long-term agreements. Delays, capacity constraints, quality issues, labour shortages or price fluctuations may disrupt production, increase costs, affect product quality and delay customer deliveries
Risk
Competition
The company operates in a highly competitive home textile industry with domestic and international players that may have stronger brands, wider distribution networks and greater resources. Increased competition, pricing pressure, product offerings and online retail channels may result in customer or market share loss and lower margins
Risk
IT & cybersecurity risks
The company’s operations depend on its ERP and IT systems, which may be affected by outages, cyberattacks, unauthorised access, data loss, human error or third-party failures. Any disruption, security breach or inability to restore or upgrade systems promptly may interrupt operations, increase costs and adversely affect its business, financial performance and reputation
Risk
IPO FAQs
The promoters of the company are Ambuj Jain, Ayush Jain and Tanu Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 66.0 - 70.0.
The IPO application opens on Sep 30, 2026 and closes on Oct 06, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 264,000.0, the maximum value for this IPO is Rs 280,000.0.
This IPO will be allotted on Oct 07, 2026.
The refund will be credited to your account on Oct 08, 2026.
The allotted shares will be credited to your demat on Oct 08, 2026.
TNA Solutions Ltd.’s shares will list on the stock exchanges on Oct 09, 2026.