
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 2010, Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals. Its main products include sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder/solution.
| Period Ended | 31 May 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 110.73 | 97.04 | 66.04 | 52.69 |
| Total Income | 16.10 | 72.93 | 58.46 | 45.06 |
| Profit After Tax | 2.50 | 10.22 | 7.99 | 5.12 |
| EBITDA | 4.02 | 15.40 | 12.06 | 8.72 |
| NET Worth | 50.74 | 48.24 | 25.60 | 17.60 |
| Reserves and Surplus | 39.18 | 36.68 | 24.96 | 16.97 |
| Total Borrowing | 25.38 | 24.34 | ||
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Devson Catalyst Ltd. | SME | ₹42.34 Cr | ₹118 | 9.66 | ₹205.95 | +74.53% | ₹268.70 |
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹54.31 |
| Biopol Chemicals Ltd. | SME | ₹31.26 Cr | ₹108 | 19.73 | ₹105.50 | -2.31% | ₹71.10 |
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat; | 43.00 |
| 2 | General Corporate Purposes |
| KPI | May 31, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 5.05% | 27.68% |
| ROCE | 4.45% | 23.40% |
| Debt/Equity | 0.69 | 0.64 |
| RoNW | 5.05% | 27.68% |
| PAT Margin | 15.53% | 14.01% |
| EBITDA Margin | 25.16% | 21.62% |
| NAV | 43.91 | 41.74 |
| Price to Book Value | 1.89 | 1.99 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.84 | 8.70 |
| P/E (x) | 9.39 | 9.54 |
| IPO Date | 31 Aug to 2 Sep, 2026 |
| Listing Date | Mon, Sep 7, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹79 to ₹83 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 56,91,200 shares (agg. up to ₹47 Cr) |
| Reserved for Market Maker |
2,84,800 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,06,400 shares (agg. up to ₹45 Cr) |
| Net Offered to Public | 54,06,400 shares (agg. up to ₹45 Cr) |
| Share Holding Pre Issue | 1,15,56,200 shares |
| Share Holding Post Issue | 1,72,47,400 shares |
The promoters of the company are Manojkumar Jayantilal Patel and Avnish Manojkumar Patel
| Share Holding Pre Issue | 83.65% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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