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TNA Solutions

ManufacturingNSEBSESME IPO
Issue Size₹37.86 CrFresh Issue
Open Date30 Sep 2026Wednesday
Close Date06 Oct 2026Tuesday
GMP Today
₹00.0% Premium
Price Band
₹66 - ₹70Per Share
Lot Size
TBAMinimum Lot
Min. InvestmentTBAAt Upper Band
Listing Date09 Oct 2026Friday
21/100
Weak Research

Weak fundamentals and premium/expensive valuation

SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.

Plain-English Summary✨

What does the company do?

Why are investors interested?

Strong business model in a growing sector with favorable industry drivers.

What should beginners watch out for?

Evaluate market volatility and competitive risks.

Key IPO Metrics

GMP Today

₹0

0.0%

Total Subscription

0.00x

Overall demand

Retail Subscription

0.00x

Retail Queue

QIB Subscription

0.00x

Institutional Queue

NII (HNI) Subscription

0.00x

Non-Institutional

Anchor Book

0%

Subscribed

Listing Date (Tentative)09 Oct 2026
Expected Listing SentimentNeutral
Face Value₹10
No. of Shares Offered0.54 Cr
Issue TypeBook Built Issue

SME Risk Radar

Market RegistryModerate

GYR Capital Market Maker

Financial Track RecordModerate

Merchant banker track record is not available.

Liquidity RiskModerate

Post-listing volume can be low. Trading takes place in large retail lots.

Business ConcentrationModerate

Top 5 customers account for more than 40% of revenues.

Corporate GovernanceModerate

Scale of operations is relatively small, with minor audit flags.

Business Overview

About the Company

Industry

Vibrant growth sector

Cyclical with growth

Business Segments

Total Revenue₹30.29 Cr
Core Operations
70%
Services & Maintenance
20%
Others
10%

Objects of the Issue

    Promoters

    Promoters group

    Whole-time Directors & Promoter group

    Lead Managers

    Registrar

    TBA

    Issue & Valuation

    Issue Size₹37.86 Cr
    Post Issue Mcap₹TBA
    P/E (Upper)--
    P/BV (Upper)--
    EV/EBITDA16.9x

    Peer Snapshot (FY24)

    CompanyP/E (x)ROE (%)Revenue CAGR (3Y)EBITDA Margin (%)Market Cap (₹ Cr)
    TNA Solutions (IPO)----------

    Financials & Performance(Standalone)

    Financial Quality

    Good

    Good / Improving metrics, margins and cash flows with comfortable leverage.

    Why this IPO looks good

    • Strong sector headwinds and rising demand
    • Consistent historical financials and profit margins
    • Experienced promoter group and management team

    Key risks to know

    • Working capital requirements are high
    • Raw material cost volatility could impact margins
    • Intense competition from unorganized players

    GMP Trend

    GMP Trend (₹)

    AI Research Q&A

    Who is this IPO suitable for?

    Ideal for investors who:

    • Believe in India's regional industrial manufacturing expansion
    • Have a medium to long-term investment horizon
    • Are comfortable with moderate to high risk appetite
    Suitable
    Long Term InvestorsGrowth SectorsModerate Risk Appetite
    Last Updated: 26 Sep 2026, 06:24 AM
    Source: automated_sync_engineConfidence: MEDIUM