Overview

TNA Solutions Limited, an Indore‑based home textile products manufacturer backed by veteran value investor Anil Kumar Goel, has filed a prospectus to launch an Initial Public Offering on Wednesday, 30 September 2026. The issue aims to raise a maximum of ₹37.86 crore by issuing up to 5,408,000 equity shares at a price band of ₹66 to ₹70 per share. The shares will be listed on the SME platform of BSE Limited.

Share Allocation

  • Anchor Portion: up to 1,538,000 shares
  • Net Qualified Institutional Buyers (QIB): up to 1,026,000 shares
  • Non‑Institutional Investors (NII): not less than 774,000 shares
  • Individual Investors: not less than 1,798,000 shares
  • Mutual Funds (MM): up to 272,000 shares

The anchor bidding is scheduled for Tuesday, 29 September 2026, the issue opens on 30 September 2026, and the book closes on Tuesday, 6 October 2026.

Use of Proceeds

The net proceeds are earmarked for:

1. Funding capital expenditure for civil construction of a new manufacturing unit and purchase of plant and machinery.

2. Meeting working capital requirements.

3. General corporate purposes.

Financial Highlights (FY2026)

  • Revenue: ₹104.59 crore, up from ₹35.85 crore in FY2024.
  • EBITDA: ₹12.68 crore.
  • PAT: ₹9.58 crore.
  • Export Contribution: approximately 52.03 % of revenue.

Management Comments

  • Ambuj Jain, Managing Director of TNA Solutions Ltd, stated that the IPO is a pivotal step in the company’s growth journey, emphasizing that the net proceeds will strengthen the operating platform while preserving product quality and timely execution.
  • Angad Singh, Founder & CEO of Credora Partners Private Limited (Book Running Lead Manager), highlighted the revenue expansion from ₹35.85 crore in FY2024 to ₹104.59 crore in FY2026 and reiterated that the fresh issue will fund capacity expansion, working capital, and general corporate purposes.

Lead Managers and Registrars

  • Book Running Lead Manager: CredoraPartners Private Limited
  • Registrar to the Issue: Maashitla Securities Private Limited

Disclaimer: This press release is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, and past performance is not indicative of future results.