Turtlemint Fintech GMP IPO Date, Review, Price, Allotment Details
Turtlemint Fintech IPO Summary
IPO Open Date: 19 Jun 2026
IPO Close Date: 23 Jun 2026
Price Band: ₹144 to ₹152 Per Share
Issue Size: Approx ₹883 Crores
Listing Exchange: BSE NSE
Website: https://www.turtlemintinsurance.com/
Turtlemint Fintech IPO Overview
Turtlemint Fintech Solutions IPO is a book build issue of ₹882.67 crores. The issue is a combination of fresh issue of 4.35 crore shares aggregating to ₹660.72 crores and offer for sale of 1.46 crore shares aggregating to ₹221.95 crores.
Turtlemint Fintech Solutions IPO opens for subscription on Jun 19, 2026 and closes on Jun 23, 2026. The allotment for the Turtlemint Fintech Solutions IPO is expected to be finalized on Jun 24, 2026. Turtlemint Fintech Solutions IPO will list on NSE and BSE with a tentative listing date fixed as Jun 29, 2026.
Turtlemint Fintech Solutions IPO is set issue price band at ₹144 to ₹152 per share. The lot size for an application is 98 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,896 (98 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,372 shares), amounting to ₹2,08,544, and for bNII, it is 68 lots (6,664 shares), amounting to ₹10,12,928.
Turtlemint Fintech IPO Details
| Company Name | Turtlemint Fintech Solutions Ltd. |
| IPO Open Date | 19 Jun 2026 |
| IPO Close Date | 23 Jun 2026 |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹144 to ₹152 Per Share |
| Issue Size | Approx ₹883 Crores |
| Fresh Issue | Approx ₹660.72 Crores |
| Offer for Sale | Approx ₹222 Crores |
| Issue Type | Bookbuilding Issue |
| Listing On | BSE, NSE |
Turtlemint Fintech IPO Market Lot
The Turtlemint Fintech IPO minimum market lot is 98 shares with ₹14,896 application amount. The retail investors can apply up-to 13 lots with 1,274 shares of ₹1,93,648 amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 98 | ₹14,896 |
| Retail Maximum | 13 | 1,274 | ₹1,93,648 |
| S-HNI Minimum | 14 | 1,372 | ₹2,08,544 |
| S-HNI Maximum | 67 | 6,566 | ₹9,98,032 |
| B-HNI Minimum | 68 | 6,664 | ₹10,12,928 |
Turtlemint Fintech IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII / HNI | – Shares | 15% |
| Retail | – Shares | 10% |
Turtlemint Fintech IPO Dates & Allotment
The Turtlemint Fintech IPO date is June 19 and the close date is June 23. The Turtlemint Fintech IPO allotment will be finalized on June 24 and the IPO listing on June 29.
| IPO Opening Date | 19 Jun 2026 |
| IPO Closing Date | 23 Jun 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 24 Jun 2026 |
| Refunds Initiation | 25 Jun 2026 |
| Credit to Demat | 25 Jun 2026 |
| IPO Listing Date | 29 Jun 2026 |
Turtlemint Fintech IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company; | ₹25.64 |
| Salary expenditure towards the technology and product development teams of the Company; | ₹193.04 |
| Expenditure towards marketing initiatives by the Company; | ₹39.07 |
| Expenditure towards lease payments for existing properties of the Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by the Company | ₹22.21 |
| 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 |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ₹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ₹- |
Turtlemint Fintech Solutions Ltd. Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹460.11 | ₹748.30 | -₹288.18 | ₹900.37 |
| 2024 | ₹119.12 | ₹312.47 | -₹193.35 | ₹612.55 |
| 2025 | ₹693.21 | ₹882.57 | -₹194.11 | ₹578.69 |
| Dec 2025 | ₹748.91 | ₹881.37 | -₹187.39 | ₹467.14 |
Turtlemint Fintech IPO Valuation
Check Turtlemint Fintech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹(7.33) (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | -% |
| Return on Capital Employed (ROCE) | (47.29)% |
| Return on Net Worth (RoNW) | (47.29%) |
| Net Asset Value (NAV) | ₹7,768.02 |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to Equity Ratio | – |
Turtlemint Fintech IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| PB Fintech Limited | 7.77 | 218.81 | 5.74% | 140.06 | 4,977.21 Cr. |
Turtlemint Fintech IPO Promoters & Holding Pattern
The promoters of the company are Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 25,10,10,354 | 17.05% |
| Promoter Holding Post Issue | – | 13.10% |
Turtlemint Fintech IPO Lead Managers (Merchant Bankers)
- ICICI Securities Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
About Turtlemint Fintech Solutions Ltd.
Turtlemint is a leading Indian fintech platform that digitizes the insurance distribution process through a robust network of financial advisors. The company provides a comprehensive tech stack that enables professionals to offer personalized life, health, and motor insurance products to their clients. By bridging the gap between traditional insurance and modern technology, Turtlemint simplifies the insurance discovery and purchase experience across India.
Turtlemint Fintech Solutions Ltd. Address
Andheri (East), Mumbai, Maharashtra, 400099Phone: 1800 266 0101
Email: [email protected]
Turtlemint Fintech IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222
Email: [email protected]
Website: https://ipostatus.kfintech.com/