
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
Operating under the “Farm Peace” brand, the company work closely with farmers in Gujarat through a 100% buy-back model. It provide certified seeds, agronomic support, fertilizers, pesticides, and modern farming techniques like drip irrigation to help farmers improve yields and reduce risks. In return, it assure them of buying their produce at pre-agreed prices, protecting them from market fluctuations.
Incorporated in October 2021, Farm Peace is an integrated contract farming company focused on processed-grade potato varieties like Santana, Frysona, Innovators, Lady Rosetta, and Chipsona. These potatoes are supplied to processing companies for French fries, chips, and other value-added products.
The company supports farmers at every stage—seed selection, soil preparation, irrigation, pest management, harvesting, and post-harvest handling. With cold storage and temperature-controlled logistics, it ensures quality produce reaches processors without losses.
As of August 2026, the company operates mainly in Gujarat, India, under the “Farm Peace” brand, cultivating over 5,660 acres and producing 61,680 metric tonnes of potatoes annually.
Farm Peace Ltd.’s revenue increased by 14% and profit after tax (PAT) rose by 13% 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 | 99.84 | 69.32 | 31.76 |
| Total Income | 90.84 | 79.98 | 62.75 |
| Profit After Tax | 7.53 | 6.66 | 6.16 |
| EBITDA | 12.48 | 9.26 | 9.27 |
| NET Worth | 43.48 | 35.95 | 9.04 |
| Reserves and Surplus | 28.32 | 32.16 | 6.52 |
| Total Borrowing | 11.28 | 2.46 | 7.12 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dhanwel Hybrid Seeds Ltd. | SME | ₹26.73 Cr | ₹99 | 10.37 | ₹94.05 | -5.00% | ₹84.89 |
| Adon Agro Commodities Ltd. | SME | ₹44.03 Cr | ₹70 | 16.22 | ₹82.16 | +17.37% | ₹85.99 |
| M R Maniveni Foods Ltd. | SME | ₹27.04 Cr | ₹52 | 18.11 | ₹41.13 | -20.90% | ₹30.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements | 23.00 |
| 2 | General Corporate Purposes | 4.80 |
| 3 | Issue expenses | 4.20 |
| Total | 32.00 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 18.96% |
| ROCE | 26.64% |
| Debt/Equity | 0.26 |
| RoNW | 17.32% |
| PAT Margin | 8.41% |
| EBITDA Margin | 13.74% |
| NAV | 28.69 |
| Price to Book Value | 2.06 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.97 | 3.66 |
| P/E (x) | 11.87 | 16.12 |
| IPO Date | 1 to 3 Sep, 2026 |
| Listing Date | Tue, Sep 8, 2026T |
| Face Value | ₹10 per share |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,24,000 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker |
2,72,000 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 51,52,000 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 51,52,000 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 1,51,55,296 shares |
| Share Holding Post Issue | 2,05,79,296 shares |
As per our analysis and Based on the information we have, this is the output.
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