Turtlemint Fintech Solutions

Turtlemint Fintech Solutions

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IPO Dates

Jun 19, 2026 – Jun 23, 2026

Issue Size

₹882.67 Cr

Lot Size

98

Listing

Jun 29, 2026

Listing At

BSE, NSE

Jun 19, 2026Open DateCompleted
Jun 23, 2026Close DateCompleted
Jun 24, 2026Allotment DateCompleted
Jun 29, 2026Listing DateCompleted

Turtlemint Fintech Solutions Live Subscription Details

All IPOs
QIB1.63x
Retail1.11x
NIIs
0.55x

NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

0.56x

bHNI (> ₹10L)

Bids above ₹10L

0.54x

Overall Subscription

Total Bids Received

1.24x

Turtlemint Fintech Solutions IPO Issue Details

Issue Price
₹144-152 Per Equity Share
Face Value
₹1 Per Equity Share
Total Issue Size
₹882.67 Cr
Fresh Share
4,34,68,553 shares(aggregating up to ₹660.72 crore)
Listing At
BSE, NSE
Listing Date
Jun 29, 2026
Lead Manager
JM Financial Ltd., Jefferies India Pvt.Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd.
Registrar
Kfin Technologies Limited

Market Lot Details

CategoryLotsSharesAmount
sHNI (Min)141,372-
sHNI (Max)676,566-
bHNI (Min)686,664-

Reservation Details

NII15%

Shares Offered

87,10,560

QIB30%

Shares Offered

1,74,21,119

Anchor45%

Shares Offered

2,61,31,680

Company Information

Founded in 2015, Turtlemint is a tech-enabled insurtech platform connecting insurance advisors, customers, and insurers, offering products across health, life, motor & general insurance.

Valuations

EPS (Pre-IPO)

-7.73

P/E (Pre-IPO)

-19.66

RoNW

-47.29%

Market Cap

Cr.

Financial Information (₹ in Crores)

MetricFY 25FY 25FY 24FY 23
Total Assets467.14578.69612.55900.37
Total Revenue748.91693.21119.12460.11
Profit After Tax187.39194.11193.35288.18
Net Worth295.68410.46563.8743.45

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Expenditure towards cloud and server-related infrastructure of the company - ₹25.64 Cr
  2. 2Salary expenditure towards the technology and product development teams of the company - ₹193.04 Cr
  3. 3Expenditure towards marketing initiatives by the company - ₹39.07 Cr
  4. 4Expenditure 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
  5. 5Expenditure 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
  6. 6Investment in its wholly owned Subsidiary, TIB, for funding its working capital requirements - ₹128.64 Cr
  7. 7Inorganic growth and general corporate purposes

Turtlemint Fintech Solutions – Promoter(s)

An
Rohidas Prabhudesai
Dhirendra Nalin Mahyavanshi

Contact Details

Corporate Office

The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai, Maharashtra, 400099

1800 266 0101

support@turtlemint.com

Visit Website

Turtlemint Fintech Solutions Allotment & Registrar Details

Check Allotment

Kfin Technologies Limited

04067162222, 04079611000

turtlemint.ipo@kfintech.com

Visit Registrar Website

Turtlemint Fintech Solutions IPO Documents

Lead Managers

JM Financial Ltd.

Jefferies India Pvt.Ltd.

ICICI Securities Ltd.

Motilal Oswal Investment Advisors Ltd.

Frequently Asked Questions — Turtlemint Fintech Solutions IPO

The total issue size of Turtlemint Fintech Solutions IPO is ₹882.67 Cr.

The lot size for Turtlemint Fintech Solutions IPO is 98 shares per lot.

The Turtlemint Fintech Solutions IPO opens on Jun 19, 2026 and closes on Jun 23, 2026.

The basis of allotment for Turtlemint Fintech Solutions IPO is expected to be finalized on Jun 24, 2026.

Turtlemint Fintech Solutions IPO is expected to be listed on Jun 29, 2026 on BSE, NSE.

The current GMP for Turtlemint Fintech Solutions IPO is ₹0. Note: GMP is an unofficial market indicator.

The registrar for Turtlemint Fintech Solutions IPO is Kfin Technologies Limited. You can contact them at turtlemint.ipo@kfintech.com.

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