TNA Solutions IPO

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WEBSITE Inc. Year: 2024 Industry: Textile Listed Page

Issue Size 27.1 Cr

Price Range 66 to 70 per share

Min Investment ₹70

Lot Size 1

Face Value ₹10

Draft Prospectus

Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Basic Info
IPO Tentative Timetable
IPO Lot Size
Subscription Status
Financials
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Growth Rates
Other info

Overview

TNA Solutions Limited ("TNA" or the "Company") is engaged in the manufacturing of home textile products for domestic andinternational customers. We manufacture a range of value-added home furnishing products including sheet sets, pillowshells/covers, towels, and top of bed products (comforters, mattress protectors, quilts) using greige fabric procured fromweavers and finished fabric which we procure from mills, processing houses and stockists. Our manufacturing facility is locatedin Indore, Madhya Pradesh, where the procured fabric undergoes cutting, stitching, embroidery, finishing, quality assurance,packaging and dispatch as finished products. Read More

Basic Info

Face Value 10 per share

Price 66 to 70 per share

P/E (x) 2.2

Sales( Cr.) 105

PAT( Cr.) 10

EPS 32

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Ambuj Jain Ayush Jain Tanu Jain

Pre Issue Share Holding 68.68%

Post Issue Share Holding 50.48%

Listing Details:

Listing Price: 56

Listing Gain: -25%

Current Price: 50

Gain On Issue: 50 | 0%

GMP: 2

GMP %: 2.9 %

IPO Tentative Timetable

Opening Date Sep 30, 2026

Closing Date Oct 06, 2026

Allotment Oct 07, 2026

Refund Oct 08, 2026

Delivery of Shares Oct 08, 2026

Listing Date Oct 09, 2026

IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	4000	280,000
Retail (Max)	--	--	--
S-HNI (Min)	1	4000	280,000
S-HNI (Max)	3	12000	840,000
B-HNI (Min)	4	16000	1,120,000

Objective of the Issue

1) Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery 2) Funding of Working Capital Requirements 3) General corporate purposes.

Issue

Category	Nos	Bid	Bid (x)
QIB	1026000	36566000	35.6x
NII	1046000	79328000	75.8x
Retail	1800000	83100000	46.2x
EMP	0	0	0x
Total	3872000	198994000	51.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

TNA Solutions Profit & Loss

#(Fig in Cr.)	Mar 2025	Mar 2026
Net Sales	81	105
Other Income	3	6
Total Income	84	110
Total Expenditure	71	92
Operating Profit	13	19
Interest	3	5
Depreciation	0	1
Exceptional Income / Expenses	0	0
Profit Before Tax	9	13
Provision for Tax	3	3
Profit After Tax	7	10
Adjustments	0	0
Profit After Adjustments	7	10
Adjusted Earnings Per Share	4.7	6.4

TNA Solutions Balance Sheet

#(Fig in Cr.)	Mar 2025	Mar 2026
Shareholder's Funds	23	36
Minority's Interest	0	0
Borrowings	1	5
Other Non-Current Liabilities	-0	0
Total Current Liabilities	33	53
Total Liabilities	57	94
Fixed Assets	2	5
Other Non-Current Assets	1	3
Total Current Assets	54	86
Total Assets	57	94

TNA Solutions Cash Flow

#(Fig in Cr.)	Mar 2025	Mar 2026
Opening Cash & Cash Equivalents	0	3
Cash Flow from Operating Activities	-17	-18
Cash Flow from Investing Activities	-3	-6
Cash Flow from Financing Activities	23	21
Net Cash Inflow / Outflow	3	-3
Closing Cash & Cash Equivalent	3	0

TNA Solutions Ratios

#	Mar 2025	Mar 2026
Earnings Per Share (Rs)	4.67	6.39
CEPS(Rs)	4.93	6.86
DPS(Rs)	0	0
Book NAV/Share(Rs)	16.04	23.96
Core EBITDA Margin(%)	12.6	12.12
EBIT Margin(%)	15.39	17.06
Pre Tax Margin(%)	11.51	12.32
PAT Margin (%)	8.17	9.16
Cash Profit Margin (%)	8.62	9.83
ROA(%)	11.6	12.64
ROE(%)	29.13	32.6
ROCE(%)	25.81	27.27
Receivable days	77.88	94.1
Inventory Days	110.37	105.91
Payable days	38.62	32.48
PER(x)	0	0
Price/Book(x)	0	0
Dividend Yield(%)	0	0
EV/Net Sales(x)	0.31	0.47
EV/Core EBITDA(x)	1.96	2.65
Net Sales Growth(%)	0	28.35
EBIT Growth(%)	0	42.25
PAT Growth(%)	0	43.94
EPS Growth(%)	0	36.74
Debt/Equity(x)	1.13	1.29
Current Ratio(x)	1.63	1.63
Quick Ratio(x)	0.89	0.95
Interest Cover(x)	3.96	3.6
Total Debt/Mcap(x)	0	0

Sihora Industries Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	0%	0%	0%
Operating Profit CAGR	46%	0%	0%	0%
PAT CAGR	43%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	33%	31%	31%	31%
ROCE Average	27%	27%	27%	27%

Company Contact Information

TNA Solutions Ltd.

Hansa Maloo

07317150314

Info@tnasolutions.co.in

Survey No. 403/5, Sonvay Tehsil Mhow, Rao

IPO Lead Manager(s)

TNA Solutions Ltd.

Credora Partners Pvt Ltd

Registrar Info

TNA Solutions Ltd.

Maashitla Securities Pvt Ltd.

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi – 110034

TNA Solutions Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.