TNA Solutions IPO listing: listed at ₹56, −20.0% under the issue price

TNA Solutions listed on BSE SME on 9 Oct 2026 at ₹56 per share, −₹14 (−20.0%) against the upper price ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​⁠​​⁠⁠​⁠​​⁠⁠​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​​⁠​​⁠​⁠⁠​​​​​⁠​⁠​⁠​⁠⁠​​​​​​​⁠⁠​⁠​​⁠band of ₹70. The issue (price band ₹66 – ₹70, bidding 30 Sep 2026 to 6 Oct 2026) was subscribed 55.2x overall. The last grey-market premium we captured before listing was ₹2 on 8 Oct 2026 (daily average of 8 quotes), which implied a listing price of ₹72; the shares listed at ₹56, ₹16 below that.

Updated 9 Oct 2026, 13:03 IST. Dated dealer references.

Listing day facts

TNA Solutions IPO listing, as recorded on 9 Oct 2026
Listing date9 Oct 2026
ExchangeBSE SME
Listing price₹56
Upper price band (issue price basis)₹70
Gain or loss vs upper band−₹14 per share (−20.0%)
Price band₹66 – ₹70
Issue dates30 Sep 2026 to 6 Oct 2026
Subscription (overall, at close)55.2x, as of 6 Oct 2026
Lot size2,000 shares
Gain or loss per lot vs upper band−₹28,000

Grey-market premium against the actual listing

The last grey-market premium we captured before listing was ₹2 on 8 Oct 2026 (daily average of 8 quotes), which implied a listing price ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​⁠​​⁠⁠​⁠​​⁠⁠​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​​⁠​​⁠​⁠⁠​​​​​⁠​⁠​⁠​⁠⁠​​​​​​​⁠⁠​⁠​​⁠of ₹72; the shares listed at ₹56, ₹16 below that.

TNA Solutions IPO: captured GMP by day (daily average) and the implied listing price against the actual listing price of ₹56 on 9 Oct 2026
DateGMPImplied listing priceActual listing vs impliedQuotes captured
28 Sep 2026₹7₹77−₹21 (−27.3%)7
29 Sep 2026₹7₹77−₹21 (−27.3%)10
30 Sep 2026₹7₹77−₹21 (−27.3%)9
1 Oct 2026₹6₹76−₹20 (−26.3%)4
2 Oct 2026₹6₹76−₹20 (−26.3%)12
3 Oct 2026₹7₹77−₹21 (−27.3%)13
4 Oct 2026₹10₹80−₹24 (−30.0%)11
5 Oct 2026₹10₹80−₹24 (−30.0%)10
6 Oct 2026₹7₹77−₹21 (−27.3%)13
7 Oct 2026₹3₹73−₹17 (−23.3%)11
8 Oct 2026₹2₹72−₹16 (−22.2%)8

GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​⁠​​⁠⁠​⁠​​⁠⁠​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​​⁠​​⁠​⁠⁠​​​​​⁠​⁠​⁠​⁠⁠​​​​​​​⁠⁠​⁠​​⁠by day. Only the price band and the exchange listing price are official.

Frequently asked questions

What was the TNA Solutions IPO listing price?

TNA Solutions listed on BSE SME on 9 Oct 2026 at ₹56 per share.

How did TNA Solutions list against the issue price?

The listing price of ₹56 was −₹14 per share (−20.0%) against the upper price band of ₹70.

What did the grey market indicate before TNA Solutions listed?

The last grey-market premium we captured before listing ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​⁠​​⁠⁠​⁠​​⁠⁠​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​​⁠​​⁠​⁠⁠​​​​​⁠​⁠​⁠​⁠⁠​​​​​​​⁠⁠​⁠​​⁠was ₹2 on 8 Oct 2026 (daily average of 8 quotes), which implied a listing price of ₹72; the shares listed at ₹56, ₹16 below that. GMP is unofficial and not a forecast.

Where do TNA Solutions shares trade now?

On BSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.

TNA Solutions IPO overview · GMP history · Subscription status · Allotment status

Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​⁠​​⁠⁠​⁠​​⁠⁠​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​​⁠​​⁠​⁠⁠​​​​​⁠​⁠​⁠​⁠⁠​​​​​​​⁠⁠​⁠​​⁠the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 09 Oct 2026.

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TNA Solutions IPO Listing