
TNA Solutions IPO Details
Last Updated on October 1, 2026 TNA Solutions Ltd. IPO Incorporated in September 2021, TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international
Incorporated in 1985, Ashutosh Fibre Limited is engaged in the manufacturing and trading of technical textile products, primarily focusing on polypropylene (PP) spun yarns used across industrial and household applications. The company operates under a business-to-business (B2B) model, supplying yarns and fabrics to industrial manufacturers, processors, and institutional buyers.
Products:
Ashutosh Fibre operates across four major categories of technical textiles — Indutech, Protech, Hometech, and Mobiltech.
The company’s products serve as raw material inputs across multiple industries including filtration and pollution control, construction and infrastructure, automotive, packaging, safety and protective equipment, and home furnishing.
Its manufacturing facility is equipped with five processing lines and three yarn manufacturing technologies — Ring Spun, DREF (Friction Spun), and Open-End Spinning — capable of producing yarns in counts ranging from 2 Ne to 50 Ne, in single or multiple plies.
Ashutosh Fibre has also commissioned a 380 KW rooftop solar power system at its Petlad manufacturing unit for captive consumption, supporting cost efficiency and sustainability initiatives.
As of June 30, 2026, the company employs approximately 169 permanent employees, including skilled, semi-skilled, and unskilled personnel across its operations.
Ashutosh Fibre Ltd.’s revenue increased by 2% and profit after tax (PAT) rose by 89% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.80 | 104.60 | 73.01 |
| Total Income | 117.43 | 114.97 | 109.89 |
| Profit After Tax | 16.04 | 8.51 | 7.05 |
| EBITDA | 31.07 | 17.84 | 16.14 |
| NET Worth | 51.90 | 35.85 | 27.55 |
| Reserves and Surplus | 36.15 | 34.10 | 25.80 |
| Total Borrowing | 47.92 | 57.44 | 34.86 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards funding of new equipment and machinery | 25.51 |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by Company | 20.00 |
| 3 | General Corporate Purposes | |
| Total | 45.51 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROCE | 26.29% | 16.27% |
| Debt/Equity | 0.92 | 1.60 |
| RoNW | 30.91% | 23.73% |
| PAT Margin | 13.67% | 7.46% |
| EBITDA Margin | 26.47% | 15.64% |
| NAV | 32.95 | 204.87 |
| Price to Book Value | 2.79 | 0.45 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.19 | 7.33 |
| P/E (x) | 9.03 | 12.55 |
| IPO Date | 31 Aug to 2 Sep, 2026 |
| Listing Date | Mon, Sep 7, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹87 to ₹92 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 61,24,800 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker |
3,07,200 shares
(agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 58,17,600 shares (agg. up to ₹54 Cr) |
| Net Offered to Public | 58,17,600 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 1,57,50,000 shares |
| Share Holding Post Issue | 2,18,74,800 shares |
The promoters of the company are Siddharth Prakash Patel, Abhishek Rajendrakumar Agarwal and Prabhas Fin-Stock Pvt.Ltd.
| Share Holding Pre Is | .59.79% |
| Share Holding Post Issue | 43.05% |
As per our analysis and Based on the information we have, this is the output.
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