Will be updated by day end 16-06-2026
Turtlemint Fintech Solutions Limited IPO
Mainboard
NSE & BSE
100% Book Built Offer
Upcoming
Turtlemint Fintech Solutions Limited IPO
Mainboard
NSE & BSE
100% Book Built Offer
Upcoming
Price Band
₹144 - ₹152
Total Issue
₹883 Cr
Bid Dates
19 Jun - 23 Jun
Subscription
-
Est. GMP
₹0 (0.00%)
Turtlemint IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Turtlemint Fintech Solutions Limited is a tech-enabled insurance distribution platform that connects customers, insurance advisors and insurers. In 2015, it became the first to adopt the point-of-sale person (PoSP) distribution model and operates the largest certified PoSP network among its peer group. It has onboarded a large, geographically diversified base of Digital Partners. Its mobile-first technology platform, supported by a physical branch network, equips Digital Partners with tools for product comparison, policy quotes, marketing, lead management and post-sales support including claims. Its primary offerings span retail health, life and motor insurance.
Turtlemint IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1,274 | ₹1,93,648 |
| S-HNI (Min) | 14 | 1,372 | ₹2,08,544 |
| S-HNI (Max) | 67 | 6,566 | ₹9,98,032 |
| B-HNI (Min) | 68 | 6,664 | ₹10,12,928 |
Category Reservation
QIB 75%
NII 15%
Ret 10%
Employee
₹0.00
Shareholder
₹0.00
Turtlemint IPO Size
Total
₹882.67 Cr
Fresh Issue
₹661 Cr
(4.35 Cr
Shares)
Offer For Sale
₹222 Cr
(1.46 Cr
Shares)
Promoters₹66 Cr
Others₹156 Cr
Objects of the Issue
Expenditure towards cloud and server related infrastructure of the Company
Salary expenditure towards the technology and product development teams of the Company
Expenditure towards marketing initiatives by the Company
Expenditure towards lease payments for existing properties of the Company and its wholly owned Subsidiary, TIB
Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements
Unidentified inorganic acquisitions, general corporate purposes & issue expenses
Total
Turtlemint IPO IPO Details Live GMP
GMP
₹0
Est. Price
₹152
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|
Turtlemint IPO Peer Comparison
There are no comparable listed peers in India as per the company
Turtlemint IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 741.07 | 662.71 | 78.64 | 419.92 |
| PAT | -187.39 | -194.11 | -193.35 | -288.18 |
| Total Equity | 295.68 | 410.46 | 563.80 | 743.45 |
| Borrowings | - | - | - | - |
| Assets | 467.14 | 578.69 | 612.55 | 900.37 |
| NAV (₹) | 54.95 | 54.95 | - | - |
| EPS (₹) | -7.18 | -7.33 | -7.30 | -11.16 |
Key Performance Indicators (KPIs)
1
Coming soon
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band
Average Issue Price
| Particulars | Price (₹) |
|---|---|
| Last 1Y | 71.99 |
| Last 3Y | 71.83 |
Contingent Liabilities
| Particulars | Amount (₹ Cr) |
|---|---|
| Goods and services tax - penalty levied for the years 2017 to 2023 | 51.20 |
| Income tax - disallowances for FY 2017-18 to FY 2022-23 | 6.23 |
| Total | 57.42 |
Promoter Holding
Promoter
17.22%
Public
82.78%
Anand Rohidas Prabhudesai
8.41%
Dhirendra Nalin Mahyavanshi
8.81%
Management
Dhirendra Nalin Mahyavanshi
Chairman & MD & CEO
Anand Rohidas Prabhudesai
ED & COO
Badrinarayan Sanjeevi
CFO
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (4)
Company Details
Name: Turtlemint Fintech Solutions Limited
Address: The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India.
Number: +91 22 6838 7400
Email: companysecretary@turtlemint.com
Website: https://www.turtlemint.com
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Frequently Asked Questions (FAQs)
What is Turtlemint IPO?
Turtlemint IPO is a Mainboard IPO having an issue size of
₹883 Crs.
Turtlemint IPO is priced at
₹144 - ₹152 per
share.
The
issue opens on 19 Jun 26
and
closes on 23 Jun 26.
When will Turtlemint IPO open?
Turtlemint IPO opens on
19 Jun 26 and closes on
23 Jun 26.
What is the GMP of Turtlemint IPO?
The estimated Grey Market Premium of Turtlemint IPO is
₹0 per share (0.00%).
What is the lot size of Turtlemint IPO?
The minimum lot size of Turtlemint IPO is
98 shares & the minimum application amount
is
Rs.
14896.
When is the allotment of Turtlemint IPO?
The allotment date of Turtlemint IPO is
24 Jun 26.
What is the listing date of Turtlemint IPO?
The listing date of Turtlemint IPO is
29 Jun 26.
What is the subscription of Turtlemint IPO?
Turtlemint IPO is subscribed
-.
What is the price band of Turtlemint IPO?
Turtlemint IPO is priced at
₹144 - ₹152 per
share.
How to check allotment status of Turtlemint IPO?
Click the allotment link on Turtlemint IPO page of IPO360.
How to apply Turtlemint IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Turtlemint IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Turtlemint IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Turtlemint IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date