TNA Solutions Ltd.’s SME IPO is scheduled to close today, October 6. The company has fixed the price band at Rs.66–70 per share and is looking to raise approximately Rs.37.86 crore through the issue.
The IPO has received bids across investor categories, with the latest available data showing overall subscription of around 2.85 times. Qualified institutional buyers subscribed around 4.77 times, while retail investors subscribed approximately 2.42 times.
The basis of allotment is expected on October 7, followed by refunds and credit of shares on October 8. The shares are scheduled to list on October 9.
