Listed SME

TNA Solutions SME IPO Review

Q: What was the actual listing price of TNA Solutions SME IPO?

TNA Solutions SME IPO listed on October 9, 2026 at ₹56, against the issue price of ₹70 — a loss of -20% (₹14 per share).

Q: What is the price band and lot size of TNA Solutions SME IPO?

TNA Solutions SME IPO is priced at ₹66-70 per share. The minimum lot size is 2000 shares, making the minimum investment approximately ₹140,000 at the upper end of the price band. Subscription ran from 30 Sep 2026 to 06 Oct 2026.

TNA Solutions SME IPO is yet to receive analyst coverage — analyst reports and verdicts will be updated here as and when they are published. The IPO is priced in the band of ₹66-70 per share with a minimum lot size of 2000 shares (minimum investment of ₹140,000). Subscription ran from 30 Sep 2026 to 06 Oct 2026. The issue size is ₹38 crore, entirely a fresh issue. In the meantime, you can track the live GMP and subscription status for early market signals.

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 9 Oct 2026, 6:30 PM IST Figures sourced from the RHP, BSE & NSE

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

TNA Solutions, founded in 2021 in Indore, makes bed sheets, pillow covers, towels and comforters, mostly for global retailers and importers, and also sells under its own Ambra Linens brand. The note says revenue grew 28.35% in FY26 as exports roughly doubled while domestic sales fell 7.56%. Coverage is thin at one note, which gave no rating, so it cannot show a consensus.

Listing gains

At ₹70 the note puts the issue at 10.92 times FY26 earnings before the issue and 14.89 times after it. The two differ because of the earnings basis, pre-issue versus post-issue. One listed peer it cites trades at about 37 times. The note calls the valuation reasonable but says sustained earnings growth is needed to justify it. One source is a limited basis for a listing view.

Short-term strategy

The ₹37.86 crore issue is entirely fresh. It funds a new manufacturing unit, which the note says would lift installed capacity by 67.77%, along with working capital and general corporate purposes. The note flags trade receivable days of 128 in FY26 and a debt to equity ratio of 1.29, and warns that slow collections could raise reliance on borrowings. It reads working capital as the near-term watch point.

Long-term strategy

The note credits export growth and the new capacity. Its risks are concentration: sheeting made up 50.95% of FY26 revenue, exports 52.03%, which exposes sales to global demand, tariffs and currency swings, and the top customer alone 23.27%. EBITDA margin eased to 12.12% in FY26 from 14.31% in FY24. The note ties the long-term case to sustained earnings growth and strong operating performance.

How this is written: an AI-assisted summary of the 1 analyst report listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Analyst	Verdict	Report
EquiVision	Not Rated	PDF

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Frequently asked

Should I apply for TNA Solutions SME IPO?

Analyst coverage for TNA Solutions SME IPO has not been published yet. Verdicts will be added here as analyst reports come in. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of N/A mean for TNA Solutions SME IPO?

Analyst scoring is not yet available for TNA Solutions SME IPO. The score will be updated once analyst reports start coming in.

What was the actual listing price of TNA Solutions SME IPO?

TNA Solutions SME IPO listed on October 9, 2026 at ₹56, against the issue price of ₹70 — a loss of -20% (₹14 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of TNA Solutions SME IPO?

TNA Solutions SME IPO was priced at ₹66-70 per share. The minimum lot size is 2000 shares, making the minimum investment approximately ₹140,000 at the upper end of the price band. Subscription ran from 30 Sep 2026 to 06 Oct 2026.

Explore TNA Solutions SME IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

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IPO details

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₹66-70

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TNA Solutions SME IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Consensus

Awaited

Score

–

Listed at

₹56

Full IPO details