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Turtlemint Fintech Solutions IPO Details
TF
IPO Overview
| Price Band | ₹144–₹152 |
|---|---|
| Lot Size | 98 shares |
| Min Investment | Min ₹14896 |
| GMP | -₹5 (-3.29%) |
| Total Subscription | 1.24 times |
| Status | Listed |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | 14896 |
| Retail (Max) | 13 | 1274 | 193648 |
| S-HNI (Min) | 14 | 1372 | 208544 |
| S-HNI (Max) | 67 | 6566 | 998032 |
| B-HNI (Min) | 68 | 6664 | 1012928 |
IPO Tentative Timetable
| IPO Open Date | Jun 19, 2026 |
|---|---|
| IPO Close Date | Jun 23, 2026 |
| Allotment Date | Jun 24, 2026 |
| Refund Initiation | Jun 25, 2026 |
| Listing Date | Jun 29, 2026 |
IPO Detail
| Face Value | ₹1 per share |
|---|---|
| Price Band | ₹144 to ₹152 |
| Lot Size | 98 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,80,70,398 shares (agg. up to ₹883 Cr) |
| Fresh Issue | 4,34,68,552 shares (agg. up to ₹661 Cr) |
| Offer for Sale | 1,46,01,846 shares of ₹1 (agg. up to ₹222 Cr) |
| Share Holding Pre Issue | 25,10,10,354 shares |
Valuations
E P S (₹)
P/ E (x)
Promoter Holding
13.10%
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 467.14 | 748.91 | -187.39 | 81.58 | 295.68 | 288.77 | |
| 31 Mar 2025 | 578.69 | 693.21 | -194.11 | 82.43 | 410.46 | 408.88 | 0.00 |
| 31 Mar 2024 | 612.55 | 119.12 | -193.35 | 563.80 | 562.22 | 0.00 | |
| 31 Mar 2023 | 900.37 | 460.11 | -288.18 | 743.45 | 741.87 | 0.00 |
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Expenditure towards cloud and server related infrastructure of the Company | 25.64 |
| 2 | Salary expenditure towards the technology and product development teams of the Company | 193.04 |
| 3 | Expenditure towards marketing initiatives by the Company | 39.07 |
| 4 | 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 |
| 5 | 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 |
| 6 | Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | 128.64 |
| 7 | Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | |
| Total | 429.47 |
About Company
Founded in 2015, Turtlemint Fintech is a tech-enabled platform, connecting insuracen advisors, customers and insurance company for offering insurance products, including health insurance, life insurance, motor insurance, etc.
The platform allows users to compare various types of insurance to help them buy the right plan.
It also offers access to other products like mutual funds, and personal loans.
Promoters
- Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi.
Documents
Documents
Registrar
Turtlemint Fintech Solutions IPO Details — Frequently Asked Questions
What is Turtlemint Fintech Solutions IPO?
Turtlemint Fintech Solutions IPO is a Mainline Initial Public Offering where the company raises capital by offering shares to the public. On this page you can find the price band (₹144–₹152), lot size, issue size, tentative dates, company financials, and other key details about the Turtlemint Fintech Solutions IPO.
What is the price band of Turtlemint Fintech Solutions IPO?
The price band for Turtlemint Fintech Solutions IPO is ₹144–₹152. Investors can bid within this range during the subscription period. The final issue price is typically set at the upper end of the band when the IPO is oversubscribed.
What is the lot size and minimum investment for Turtlemint Fintech Solutions IPO?
The market lot size for Turtlemint Fintech Solutions IPO is 98 shares shares. Retail investors need a minimum investment of approximately Min ₹14896 (one lot at the upper price band) to apply for this IPO.
When will Turtlemint Fintech Solutions IPO open and close for subscription?
Turtlemint Fintech Solutions IPO subscription is scheduled to open on Jun 19 and close on Jun 23. Investors can apply through their broker or bank using UPI or ASBA during this window.
What is the issue size of Turtlemint Fintech Solutions IPO?
The total issue size of Turtlemint Fintech Solutions IPO is 5,80,70,398 shares (agg. up to ₹883 Cr). This includes the fresh issue and offer for sale components as disclosed in the Red Herring Prospectus (RHP).
When is the Turtlemint Fintech Solutions IPO listing date?
The tentative listing date for Turtlemint Fintech Solutions IPO on the stock exchange (NSE/BSE) is Jun 29 2026. After allotment, shares are credited to your Demat account and trading begins on the listing day.
Is Turtlemint Fintech Solutions a Mainline IPO or SME IPO?
Turtlemint Fintech Solutions is classified as a Mainline IPO. Mainline IPOs are listed on the main board of NSE or BSE and typically have larger issue sizes and broader investor participation.
How can I apply for Turtlemint Fintech Solutions IPO?
To apply for Turtlemint Fintech Solutions IPO, open your broker app or bank net banking, select the IPO section, choose Turtlemint Fintech Solutions IPO, enter your bid quantity (in lots of 98 shares shares), select a price within ₹144–₹152, and authorize payment via UPI or ASBA. A Demat account and PAN card are mandatory.
Disclaimer
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Readers must consult a qualified financial advisor before making any actual investment decisions based on information published in this application. The information in this application is based on information available as of the date of publication, along with market perceptions, and may be subject to change without notice.