New Delhi. The shares of TNA Solutions Limited, a company working in the textile sector, gave a big shock to its IPO investors by making a weak start in the stock market today.
Under the IPO, the company’s shares were issued at a price of Rs 70. Today its listing was done on the SME platform of BSE at the level of Rs 56 with a discount of 20 percent.
After the listing, there was bullish pressure, due to which within a short time the share fell to the lower circuit level of Rs 53.20.
However, later buyers started buying and broke its lower circuit. After trading till 11:15 am amid continuous buying and selling in the market, this share was trading at the level of Rs 57.
In this way, the IPO investors of the company are facing a loss of Rs 13 per share i.e. 18.57 percent in the trading till now.
The IPO of this company worth Rs 37.87 crore was open for subscription between September 30 and October 6. This IPO received a good response from investors, due to which it was subscribed 39.16 times overall.
Of these, the reserve portion for Qualified Institutional Buyers (QIB) was subscribed 15.24 times (X anchor).
Similarly, there was 102.30 times subscription in the reserve portion for Non-Institutional Investors (NIIs). Apart from this, the reserve portion for retail investors was subscribed 46.06 times.
A total of 54,08,000 new shares with face value of Rs 10 have been issued under this IPO. The company will use the money raised through the IPO to construct its new manufacturing unit, purchase new machinery, meet working capital requirements, reduce the burden of old debt, cover IPO-related expenses and for general corporate purposes.
Talking about the financial condition of TNA Solutions Limited, as per the claim made in the Red Herring Prospectus (RHP) filed with the capital market regulator SEBI, its financial health has improved significantly.
In the financial year 2023-24, the company had a net profit of Rs 2.69 crore, which increased to the level of Rs 6.66 crore in the next financial year 2024-25. Whereas in the last financial year 2025-26, the company had made a net profit of Rs 9.58 crore.
During this period the company’s revenue receipts also increased. In the financial year 2023-24, it received a total revenue of Rs 36.32 crore, which increased significantly to Rs 84.13 crore in the financial year 2024-25.
Whereas in the last financial year 2025-26, the company had received a revenue of Rs 110.45 crore. During this period, the debt burden on the company also increased continuously.
At the end of the financial year 2023-24, the company had a debt burden of Rs 11.38 crore, which increased to Rs 25.73 crore in the next financial year 2024-25.
If we talk about the last financial year 2025-26, during this period the debt burden on the company increased to the level of Rs 46.29 crore.
During this period, an increase in the total assets of the company was also seen. Its total assets were at the level of Rs 24.33 crore in the financial year 2023-24, which increased to Rs 57.47 crore in 2024-25.
Talking about the last financial year 2025-26, during this period the total assets of the company increased to the level of Rs 94.21 crore.
Talking about reserves and surplus, the company achieved continuous growth on this front during this period. At the end of the financial year 2023-24, the reserve and surplus of the company was at the level of Rs 3.07 crore, which increased to the level of Rs 20.01 crore in the next financial year 2024-25.
If we talk about the last financial year 2025-26, during this period the reserve and surplus of the company increased to the level of Rs 32.94 crore.
The company’s net worth also increased during this period. In the financial year 2023-24 it was at the level of Rs 4.98 crore.
Similarly, in 2024-25, the net worth of the company increased to the level of Rs 22.86 crore. Whereas in the last financial year 2025-26, it reached the level of Rs 35.94 crore.
Similarly, EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) was at the level of Rs 5.13 crore in 2023-24, which increased to the level of Rs 10.26 crore in 2024-25. Whereas in the last financial year 2025-26, the EBITDA of the company jumped to the level of Rs 12.68 crore.