
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 April 2017, EverestIMS Technologies Limited is a software enterprise that offers both Software as a Service (SaaS) solutions and on-premise products and services.
The company specializes in digital transformation, IT operations, and AI-driven product solutions to streamline IT processes, improve efficiency, and enhance user experiences. The company offers solutions for remote monitoring of critical network devices, servers, and applications, reducing downtime and improving IT operations with its platform ‘Infraon Infinity‘.
Products and Services
The company engage in direct sales through both the Company and their subsidiary, Infraon Corp, located in the USA. In addition, they engage with domestic & international channel partners, distributors and sales agents who identify potential customers, work jointly with them to qualify and close deals.
The company generates revenue mainly from: (i) software product sales and (ii) service sales.
As of March 31, 2026, the company employed 230 people.
Competitive Strength
EverestIMS Technologies Ltd.’s revenue increased by 14% and profit after tax (PAT) dropped by 7% 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 | 90.27 | 67.82 | 50.47 |
| Total Income | 65.91 | 57.78 | 45.62 |
| Profit After Tax | 13.14 | 14.08 | 10.83 |
| EBITDA | 23.34 | 22.64 | 17.44 |
| NET Worth | 60.59 | 47.41 | 32.22 |
| Reserves and Surplus | 43.54 | 30.37 | 30.39 |
| 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% | ₹268.05 |
| Mobilise App Lab Ltd. | SME | ₹20.10 Cr | ₹80 | 11.88 | ₹67.30 | -15.88% | ₹103.45 |
| Capillary Technologies India Ltd. | Mainboard | ₹877.50 Cr | ₹577 | 298.93 | ₹606.50 | +5.11% | ₹599.45 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory | 5.66 |
| 2 | Working Capital Requirement | 24.00 |
| 3 | General Corporate Purposes | |
| Total | 29.66 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.30% |
| ROCE | 40.71% |
| RoNW | 33.53% |
| PAT Margin | 23.66% |
| NAV | 19.52 |
| Price to Book Value | 4.35 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.71 | 6.07 |
| P/E (x) | 11.02 | 14 |
| IPO Date | 29 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,00,800 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 2,86,400 shares (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 43,07,200 shares (agg. up to ₹37 Cr) |
| Offer for Sale | 11,07,200 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 54,14,400 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,70,44,578 shares |
| Share Holding Post Issue | 2,16,38,178 shares |
The promoters of the company are Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar and Deepak Gupta.
| Share Holding Pre Issue | 80.38% |
| Share Holding Post Issue | 59.98% |
As per our analysis and Based on the information we have, this is the output.
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