Turtlemint Fintech Solutions IPO
Turtlemint Fintech Solutions IPO is priced at ₹144–₹152 per share with an issue size of ₹882.67 crore. The IPO opens on Jun 19, 2026 and closes on Jun 23, 2026, with a lot size of 98 shares and a minimum investment of ₹14,896.
Turtlemint Fintech Solutions Limited IPO
- IPO Dates
- Jun 19, 2026 – Jun 23, 2026
- Price band
- ₹144-152 per equity share
- Minimum Investment
- ₹14,896
- Issue size
- ₹882.67 Cr
- Lot size
- 98
- Allotment Date
- Jun 24, 2026
- Listing
- Jun 29, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Jun 19, 2026
Open Date
Completed
-
Jun 23, 2026
Close Date
Upcoming
-
Jun 24, 2026
Allotment Date
Upcoming
-
Jun 29, 2026
Listing Date
Upcoming
Turtlemint Fintech Solutions IPO Expected Premium
Turtlemint Fintech Solutions IPO GMP today is ₹2. Grey market premium (GMP) indicates expected listing sentiment.
₹ 2 (1%)Turtlemint Fintech Solutions IPO expected premium (also known as grey market premium or GMP) indicates current market sentiment and potential listing expectations.
Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Turtlemint Fintech Solutions IPO Expected Premium
Turtlemint Fintech Solutions IPO GMP today is ₹2. Grey market premium (GMP) indicates expected listing sentiment.
Turtlemint Fintech Solutions IPO Essentials
Turtlemint Fintech Solutions IPO Details
Turtlemint Fintech Solutions IPO is priced at ₹144-152 per share with a total issue size of 882.67 crore. The IPO has a lot size of 98 shares and will be listed on BSE and NSE.
- Issue price
- ₹144-152 per equity share
- Lot size
- 98 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- ₹882.67 Crores
- Total issue size
- 5,80,70,399 shares
(aggregating up to ₹882.67 crore) - Fresh issue
- 4,34,68,553 shares
(aggregating up to ₹660.72 crore) - Offer for sale (OFS)
- 1,46,01,846 shares
(aggregating up to ₹221.95 crore) - Listing at
- BSE, NSE
- Listing date
- Registrar
- Kfin Technologies Ltd.
- Lead manager
-
ICICI Securities Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd.
Market Lot Size
Investors can bid for a minimum of 98 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 98 | ₹14,896 |
| Retail(max) | 13 | 1,274 | ₹1,93,648 |
| sHNI(min) | 14 | 1,372 | ₹2,08,544 |
| sHNI(max) | 67 | 6,566 | ₹9,98,032 |
| sHNI(min) | 68 | 6,664 | ₹10,12,928 |
Turtlemint Fintech Solutions IPO Reservation
Turtlemint Fintech Solutions IPO reservation details show category-wise allocation of shares. Out of the total 58070399 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 26131680 (45%) | |
| QIB Shares Offered | 17421119 (30%) | |
| NII (HNI) Shares Offered | 8710560 (15%) | |
| bHNI > ₹10L | 5807040 (10%) | 4233 |
| sHNI < ₹10L | 2903520 (5%) | 2116 |
| Retail Shares Offered | 5807040 (10%) | 59,256 |
| Total Shares Offered | 58070399 (100%) |
Turtlemint Fintech Solutions IPO Analytics
Turtlemint Fintech Solutions Valuations
Earnings
- EPS Pre IPO
- -₹7.73
- P/E Pre IPO
- -19.66
Returns
- ROE
- -95.18%
- ROCE
- -59.09%
- RoNW
- -47.29%
Fundamentals
- Market Cap
- Cr.
Turtlemint Fintech Solutions Financials( In Crs.)
| 31-Dec-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 467.14 | 578.69 | 612.55 | 900.37 |
| Revenue | 748.91 | 693.21 | 119.12 | 460.11 |
| Profit After Tax | -187.39 | -194.11 | -193.35 | -288.18 |
| Net Worth | 295.68 | 410.46 | 563.80 | 743.45 |
| Reserves & Surplus | 288.77 | 408.88 | 562.22 | 741.87 |
Turtlemint Fintech Solutions Company & Offer Insights
About Turtlemint Fintech Solutions
Founded in 2015, Turtlemint is a tech-enabled insurtech platform connecting insurance advisors, customers, and insurers, offering products across health, life, motor & general insurance.
Turtlemint Fintech Solutions Promoter(s)
Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi are the company's promoters of Turtlemint Fintech Solutions.
Turtlemint Fintech Solutions IPO Issue Objectives
- •
- Expenditure towards cloud and server-related infrastructure of the company - ₹25.64 Cr
- •
- Salary expenditure towards the technology and product development teams of the company - ₹193.04 Cr
- •
- Expenditure towards marketing initiatives by the company - ₹39.07 Cr
- •
- Expenditure towards lease payments for existing properties of the Company and wholly owned Subsidiary, TIB - ₹22.21 Cr, breakup of which is as follows: Expense by the Company
- •
- Expenditure towards lease payments for existing properties of thr Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by wholly owned Subsidiary, TIB - ₹20.87 Cr
- •
- Investment in its wholly owned Subsidiary, TIB, for funding its working capital requirements - ₹128.64 Cr
- •
- Inorganic growth and general corporate purposes
Turtlemint Fintech Solutions IPO - Anchor Investors
Turtlemint Fintech Solutions Limited finalised its anchor investor allocation on June 18, 2026, raising ₹397.20 crore from 32 institutional investors at an anchor price of ₹152 per share, including a share premium of ₹151. The anchor book comprises 2,61,31,680 equity shares, reflecting broad and deep institutional participation across domestic mutual funds, life insurance companies, and foreign portfolio investors. Of the total anchor allocation, 1,11,06,668 shares (42.50%) were allocated to 7 domestic mutual funds across 12 schemes, with ICICI Prudential Equity & Debt Fund receiving the largest single allocation at 11.27%. Life insurance companies collectively received 35,72,492 shares (13.67%), with participation from ICICI Prudential Life Insurance, Axis Max Life Insurance, and Bajaj Life Insurance. Notable foreign participants include BNP Paribas Financial Markets, Susquehanna Pacific, Societe Generale, Nomura Singapore, and Citigroup Global Markets Mauritius. The strong and diversified institutional participation across 32 anchor investors signals broad confidence in Turtlemint Fintech's business ahead of the public subscription opening.
Turtlemint Fintech Solutions IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Turtlemint Fintech | N/A | N/A | -47.29% | 693 |
| PB Fintech | N/A | 202.3 | 5.74% | 4977 |
Turtlemint Fintech Solutions IPO - Strengths and Risks
Turtlemint Fintech Solutions IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Turtlemint Fintech Solutions
1800 266 0101
https://www.turtlemintinsurance.com/
The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai, Maharashtra, 400099
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Turtlemint Fintech Solutions IPO is a book-built IPO worth ₹882.67 crore. The price band is ₹144–₹152 per share. The IPO opens on Jun 19, 2026 and closes on Jun 23, 2026. It will be listed on BSE and NSE. Kfin Technologies Ltd. is the registrar.
The price band of Turtlemint Fintech Solutions IPO is ₹144 to ₹152 per share.
The lot size of Turtlemint Fintech Solutions IPO is 98 shares.
The minimum investment for Turtlemint Fintech Solutions IPO is approximately ₹14,896 based on the upper price band .
Turtlemint Fintech Solutions IPO opens on Jun 19, 2026 and closes on Jun 23, 2026.
The allotment date of Turtlemint Fintech Solutions IPO is Jun 24, 2026.
Turtlemint Fintech Solutions IPO is expected to be listed on Jun 29, 2026, on BSE and NSE .
The Grey Market Premium (GMP) for Turtlemint Fintech Solutions IPO is ₹2 as of Jun 22, 2026. Based on the upper price band of ₹152, the estimated listing price is ₹154, representing a potential gain of approximately 1%.
Turtlemint Fintech Solutions IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW -47.29%, and market cap Cr.
To apply for Turtlemint Fintech Solutions IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Turtlemint Fintech Solutions IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Turtlemint Fintech Solutions IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Turtlemint Fintech Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Turtlemint Fintech Solutions IPO allotment status on IPO Ji for quick and easy access.
|
Offer Date |
Jun 19 - Jun 23, 2026 |
|
Offer Price |
₹ 144-152 |
|
Lot Size |
98 |
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