
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 January 2016, ENS Enterprises Limited is an ISO 27001:2022 and ISO 9001:2015 certified technology company engaged in providing end-to-end digital commerce enablement and software solutions. Headquartered in Uttar Pradesh, India, the Company serves clients across 12+ countries and operates at the intersection of e-commerce, digital engineering and cloud technologies.
The Company offers a diversified portfolio of technology services, including e-commerce platforms, ONDC integrations, software and mobile application development, cloud and DevOps, digital marketing, blockchain solutions and technology consulting. It also develops SaaS products generating recurring subscription-based revenues. Its hybrid business model combines project-based income with recurring revenues from SaaS products, subscriptions and support retainerships, supporting predictable cash flows and long-term client relationships.
ENS Enterprises has been empanelled as a Technology Service Provider (TSP) for the Government of India’s ONDC initiative since 2022 and has implemented IT integrations for reputed enterprises. The Company has a strong focus on R&D, with its technology team working on emerging technologies including AI/ML, Generative AI, predictive analytics, IoT, blockchain and cloud-native architectures.
As of June 30, 2026, the Company had 100 employees, including 92 employees in Engineering & Technology.
Strengths
ENS Enterprises Ltd.’s revenue increased by 81% and profit after tax (PAT) rose by 127% 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 | 32.46 | 20.24 | 3.35 |
| Total Income | 51.77 | 28.62 | 10.12 |
| Profit After Tax | 8.40 | 3.70 | 0.90 |
| EBITDA | 11.71 | 5.48 | 1.38 |
| NET Worth | 18.44 | 10.04 | 1.90 |
| Reserves and Surplus | 8.45 | 7.33 | 1.87 |
| Total Borrowing | 3.97 | ||
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sotefin Bharat Ltd. | SME | ₹89.76 Cr | ₹187 | 14.38 | ₹215.25 | +15.11% | ₹207.95 |
| Mobilise App Lab Ltd. | SME | ₹20.10 Cr | ₹80 | 11.88 | ₹67.30 | -15.88% | ₹117.55 |
| Capillary Technologies India Ltd. | Mainboard | ₹877.50 Cr | ₹577 | 298.93 | ₹606.50 | +5.11% | ₹528.55 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment related to enhancement, maintenance and upgrading of existing products through manpower hiring | 17.02 |
| 2 | Investment in upgradation of IT Infrastructure | 6.75 |
| 3 | Repayment of Borrowings | 1.20 |
| 4 | General Corporate Purposes | |
| Total | 24.97 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 98.97% | 62.01% |
| ROCE | 78.41% | 84.51% |
| RoNW | 58.97% | 62.01% |
| PAT Margin | 16.35% | 13.07% |
| EBITDA Margin | 22.78% | 19.35% |
| NAV | 18.45 | 37.08 |
| Price to Book Value | 4.99 | 2.48 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.40 | 6.18 |
| P/E (x) | 10.95 | 14.89 |
| IPO Date | 14 to 18 Aug, 2026 |
| Listing Date | Fri, Aug 21, 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 | BSE SME |
| Total Issue Size | 36,02,400 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker |
1,81,200 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 34,21,200 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 34,21,200 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 99,92,512 shares |
| Share Holding Post Issue | 1,35,94,912 shares |
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Share Holding Pre Issue | 96.8% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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