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TNA Solutions Ltd

TNA Solutions Ltd
TNA TNA Solutions Ltd

BSE IPO

Bidding dates30 Sep 2026 - 06 Oct 2026

Price range₹66 - ₹70

Min. investment₹2,80,000

Issue size37.86 Cr

Lot size2000 Shares

IPO DocRHP

IPO Timeline

Start date

30 Sep 2026

End date

06 Oct 2026

Allotment date

07 Oct 2026

Refund initiation

08 Oct 2026

Share credit

08 Oct 2026

Deactivate mandate

09 Oct 2026

About company

Incorporated in September 2021, TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international customers. Its manufacturing facility is located in Indore, Madhya Pradesh, where it converts processed fabrics into finished home furnishing products based on customer specifications. The Company offers a diversified portfolio of home textile products, including sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars and mattress protectors. It primarily operates under a B2B manufacturing model, supplying products to global retailers, importers and domestic brands under their respective brands or specified labels. The Company also operates through B2C channels, including e-commerce marketplaces, wholesalers and retailers, and has its own brand “Ambra Linens”, launched in 2022.

The Company follows a focused manufacturing model wherein it procures greige fabric from weavers and finished or processed fabric from mills, processing houses and stockists. Third-party processing houses undertake activities such as weaving, dyeing and printing, while the Company carries out cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch at its Indore facility. It launched its own website for Ambra Linens in July 2026, further expanding its direct-to-consumer presence.

The Company has a geographically diversified, export-oriented revenue base and focuses on product quality, manufacturing efficiency and timely delivery. Its operations are supported by technology-enabled processes and a multi-stage quality control system. The Company also benefits from experienced promoter management and capabilities across product development, production planning, sourcing, quality assurance and customer servicing.

As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees, with its workforce primarily engaged in production and planning, quality assurance, warehouse and stores, and other operational and support functions.

Founded in 2021

Managing director Ambuj Jain

Parent organisation TNA Solutions IPO

Strengths and Risks

Strengths

The company manufactures a wide array of home textiles—including sheeting products (flat and fitted sheets), pillow pairs, towels, and top-of-bed items (comforters, mattress protectors, and quilts), reducing over-reliance on any single category.

TNA Solutions has demonstrated rapid expansion, with total revenue scaling to ?110.45 crore and Profit After Tax (PAT) increasing to ?9.58 crore in recent full-year disclosures, alongside healthy EBITDA expansion.

The company exhibits solid operational return indicators, boasting a high Return on Net Worth (RoNW) exceeding 32% and a strong Return on Capital Employed (ROCE).

Risks

Approximately 99.60% of revenue is derived from B2B manufacturing for domestic and international brands, exposing the business to customer concentration and pricing pressures from large institutional buyers.

All manufacturing and processing coordination is centralized at its facility located in Indore, Madhya Pradesh. Any localized operational disruption, equipment breakdown, or labor issue can heavily impact output.

Operating in the textile manufacturing and export ecosystem requires substantial working capital commitments, with extended receivable cycles that can occasionally strain cash flow management.

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