TNA Solutions IPO

About TNA Solutions IPO

TNA Solutions Limited, an SME IPO, will open on 30 September 2026 and close on 06 October 2026. The basis of allotment is expected to be finalised on or before 07 October 2026. The listing of shares is scheduled for 09 October 2026 on the SME Platform of BSE.

TNA Solutions Limited's IPO price band is fixed at ₹66 to ₹70 per share. The lot size for an application is 2,000 shares. Individual investors are required to apply for a minimum of two lots, or 4,000 shares, translating into a minimum investment of ₹2.64 lakh The IPO is entirely a fresh issue, and there is no offer for sale. The fresh issue consists of 54,08,000 equity shares aggregating up to ₹37.86 crore.

TNA Solutions is a manufacturer of home textiles based in Indore, Madhya Pradesh. It manufactures value-added products, including sheet sets, pillow shells and covers, towels, comforters, mattress protectors and quilts for domestic and international customers.

Objectives of TNA Solutions IPO

• To meet capital expenditure requirements for constructing the new manufacturing unit and purchasing plant and machinery.
  
• To meet the company’s working capital needs.
  
• General corporate purposes.
  

Industry Outlook

The global textile market is expected to grow steadily, supported by changing consumer preferences, urbanisation, rising disposable incomes and the expansion of e-commerce and organised retail. The market was valued at approximately USD 1,160 billion in 2025 and is projected to reach USD 1,610 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.2%.

The global home textile market was valued at approximately USD 145.29 billion in 2026 and is projected to reach USD 197.28 billion by 2031, growing at a CAGR of 6.31%. The Indian textiles and apparel market is expected to grow at a CAGR of 10%, reaching US$350 billion by 2030. India's technical textiles market ranks fifth globally. Valued at USD 29 billion in 2024, it is expected to reach USD 45 billion by 2026 and USD 123 billion by 2035.

In 2025, India's home textile market was valued at about USD 11.18 billion. By 2031, it is projected to reach USD 16.76 billion, growing at a CAGR of 7.08%. Bed linen held the largest share, at 53.77% of the market in 2025. Residential buyers accounted for 73.75% of total demand.

About TNA Solutions

TNA Solutions manufactures value-added home textile products at its facility in Indore, Madhya Pradesh. Its portfolio includes sheet sets, pillow shells and covers, towels, comforters, mattress protectors and quilts. Most of its business comes from supplying global retailers, importers and domestic brands, with products made to their specifications. The company also sells directly to consumers under its own brand, Ambra Linens, launched in 2022.

At its Indore facility, TNA Solutions handles cutting, stitching, embroidery, finishing, quality checks, packaging and dispatch. The company sources greige fabric from weavers and finished fabric from mills, processing houses and stockists. It also works with third-party textile processors for activities such as weaving, dyeing and printing. The company sells across India and exports to markets such as the United States, UAE, South Africa, Israel, Singapore, Hong Kong, Malaysia and Mauritius. Its products fall into four main categories: sheeting, pillow shells, towels and top-of-bed products.

Strengths of TNA Solutions

• A broad home textile range covering sheet sets, pillow shells, towels and top-of-bed products in different sizes and specifications.
• A growing export business, with overseas sales making up 52.03% of revenue from operations in FY26, compared with 33.39% in FY25.
• An experienced promoter and management team with expertise spanning textile manufacturing, marketing, finance and design.
• Quality checks at multiple stages of production, from incoming fabric inspection and in-process checks to final inspection, defect classification, corrective action and product traceability.
• Several quality and compliance certifications, including OEKO-TEX® Standard 100 and GOTS-Scope, along with SCAN compliance, Organic Compliance, Walmart approval and SMETA-SEDEX assessment.
• ERP-based management of day-to-day operations, covering areas such as sales, procurement, inventory, production planning, quality control, dispatch and management reporting.

Risks of TNA Solutions

• The sheeting segment contributed 50.95% of revenue from operations in FY26, making the company vulnerable to changes in demand, consumer preferences and market conditions.
• The company operates through a single manufacturing facility in Indore, Madhya Pradesh. Any equipment breakdown, industrial accident, severe weather or natural disaster could disrupt operations.
• B2B operations contributed 99.60% of revenue from operations in FY26. A slowdown in customer demand, pricing pressure, order cancellations or increased competition could affect the business.

Anchor Investor Bidding Date

29 September 2026

Registrar Details
Maashitla Securities Private Limited
Email: investor.ipo@maashitla.com
Phone: 011-47581432

Book Running Lead Manager
Credora Partners Private Limited

TNA Solutions Contact Details
Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh, India – 453331.
Email: Info@tnasolutions.co.in
Phone: 07317150314

TNA Solutions Business Model

TNA Solutions generates revenue from the manufacture and sale of value-added home textile products, including sheeting, pillow pairs, towels and top-of-bed products. In FY26, sheeting contributed 50.95% of revenue from operations, followed by pillow pairs at 31.86%, towels at 13.42% and top-of-bed products at 3.77%.

The company primarily operates through a B2B model, supplying products to global retailers, importers and domestic brands. In FY26, B2B operations contributed 99.60% of revenue from operations, while B2C sales contributed 0.40%.

TNA Solutions has an export-oriented revenue base, with exports contributing 52.03% of revenue from operations in FY26, compared with 47.97% from domestic sales.

TNA Solutions Growth Trajectory

TNA Solutions Limited's revenue from operations for FY26 was ₹104.59 crore, compared with ₹81.49 crore in FY25 and ₹35.85 crore in FY24.

The company's Profit After Tax (PAT) for FY26 was ₹9.58 crore, compared with ₹6.66 crore in FY25 and ₹2.69 crore in FY24.

Its EBITDA for FY26 was ₹12.68 crore, compared with ₹10.26 crore in FY25 and ₹5.13 crore in FY24.

TNA Solutions Market Position

TNA Solutions operates in the value-added home textile segment, manufacturing products for global retailers, importers and domestic brands. The company has a growing international presence, with products sold across the United States, UAE, South Africa, Israel, Singapore, Hong Kong, Malaysia and Mauritius.

As of FY26, exports accounted for 52.03% of revenue from operations, with the company exporting to ten overseas jurisdictions.

As of 31 March 2026, the company's Total Income, Profit After Tax and EBITDA stood at ₹110.45 crore, ₹9.58 crore and ₹12.68 crore, respectively.

How to Apply for TNA Solutions IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click Submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.