TNA Solutions IPO
TNA Solutions IPO is an SME IPO raising ₹38 Cr at ₹66 – ₹70 a share. It listed on 9 Oct 2026 at ₹56, −20.0% against its issue price of ₹70, and trades at ₹42 today (−39.9% since issue). It was subscribed 51× in total.
51.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 10,26,000 | 3,65,66,000 | 36× |
| Others | no separate quota | 3,24,62,000 | n/a |
| Foreign Institutional Investors | no separate quota | 40,98,000 | n/a |
| Domestic Financial Institutions | no separate quota | 6,000 | n/a |
| Mutual Funds | no separate quota | — | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 10,46,000 | 7,93,28,000 | 76× |
| Corporates | no separate quota | 18,12,000 | n/a |
| Individuals | no separate quota | 7,58,92,000 | n/a |
| Others | no separate quota | 16,24,000 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 18,00,000 | 8,31,00,000 | 46× |
| Cut Off | no separate quota | — | n/a |
| Price Bids | no separate quota | 8,31,00,000 | n/a |
| Employee Reserved | no separate quota | 0 | n/a |
| Employee | no separate quota | — | n/a |
| Employee | no separate quota | — | n/a |
| Reservation PortionShareholder | no separate quota | 0 | n/a |
| RPS | no separate quota | — | n/a |
| RPS | no separate quota | — | n/a |
| Total | 38,72,000 | 19,89,94,000 | 51× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 7 Oct, 08:15 am IST.
How demand built
Our own series — the exchanges publish a running total and never a history.29 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.