
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 on 2018, Mopshop Distribution Limited is engaged in the business of providing Facility Management Supplies (FMS). The company serves an extensive and diversified client base, spanning across various industries like Banking, Financials and Insurance (BFSI), construction and real estate, healthcare and also caters to the needs and requirements of various facility management companies with an operational footprint across multiple geographical locations and a growing roster of over 300 clients across India.
Product Portfolio includes cleaning and hygiene consumables: Microfiber cloths, Surface Disinfectants, Sensor-based Dispensers, Bio-degraadable Garbage Bags, Tissue Papers, Pedal Bins, Wringer Buckets, Vacuum Cleaners, Air Fresheners, Tool Kits, and related accessories – engineered for functionality, durability, and affordability.
The company distributes its offerings through its customised digital infrastructure by way of an Online Order Management platform developed through a third-party service provider and dedicated business development team.
The company had 115 employees drive operational excellence across 9 locations.
Competitve Strengths:
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 23.81 | 18.12 | 13.51 |
| Total Income | 42.00 | 37.86 | 30.02 |
| Profit After Tax | 3.48 | 1.42 | 0.81 |
| EBITDA | 1.39 | 2.92 | 6.15 |
| NET Worth | 6.74 | 2.92 | 1.25 |
| Reserves and Surplus | 6.04 | 2.57 | 1.15 |
| Total Borrowing | 5.14 | 6.59 | 3.92 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Propshop Events & Exhibitions Ltd. | SME | ₹28.57 Cr | ₹69 | 12.32 | ₹57.15 | -17.17% | ₹66.55 |
| Safecure Services Ltd. | SME | ₹30.60 Cr | ₹102 | 11.66 | ₹77.55 | -23.97% | ₹21.67 |
| NIS Management Ltd. | SME | ₹60.01 Cr | ₹111 | 9.13 | ₹102.60 | -7.57% | ₹48.50 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of all or a portion of certain outstanding borrowings availed by the Company | 11.50 |
| 2 | Purchase of Commercial Vehicles for transportation and logistical purposes | 2.21 |
| 3 | Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power Plant at the Warehousing Facility located at Vasai, Palghar, Thane 401208 | 1.05 |
| 4 | General Corporate Purpose | |
| 5 | Offer Related Expenses |
| KPI | Feb 28, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.43% | 51.56% |
| ROCE | 32.35% | 59.70% |
| Debt/Equity | 1.02 | 0.48 |
| RoNW | 43.43% | 51.56% |
| PAT Margin | 11.61% | 8.28% |
| EBITDA Margin | 17.84% | 14.64% |
| NAV | 159.11 | 1770.83 |
| Price to Book Value | 0.87 | 0.08 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.21 | 4.83 |
| P/E (x) | 22.22 | 28.57 |
| IPO Date | 19 to 21 Aug, 2026 |
| Listing Date | Wed, Aug 26, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,75,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 99,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 15,01,000 shares (agg. up to ₹21 Cr) |
| Offer for Sale | 3,75,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 18,76,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 56,00,000 shares |
| Share Holding Post Issue | 72,00,000 shares |
Company Promoters: Prakash Hakim Singh and Bunty Hakim Singh Gaur.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.57% |
As per our analysis and Based on the information we have, this is the output.
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