Turtlemint Fintech Solutions Lt IPO
Issue Price
₹152
GMP
—
Lot Size
98
Face Value
₹1
Issue Size
58,070,398 shares (agg. up to ₹883 Cr)
Subscription
1.17x
IPO Timeline
Open Date19-Jun-26
Close Date23-Jun-26
Allotment24-Jun-26
Refund Initiation25-Jun-26
Demat Credit25-Jun-26
UPI Mandate Deadline-
Listing Date29-Jun-26
Lock-in (30%)24-Jul-26
Lock-in (50%)22-Sep-26
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.30x | 47,042,603 | 56,805,700 | ₹715 Cr |
| NII (HNI) | 0.55x | 4,755,450 | 4,755,450 | ₹72 Cr |
| Retail | 1.09x | 6,272,345 | 6,339,816 | ₹95 Cr |
| Σ Total | 1.17x | 58,070,398 | 67,900,966 | ₹883 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹152
Face Value₹1
Lot Size98 shares
Issue Size58,070,398 shares (agg. up to ₹883 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeFresh capital cum OFS
Script Code—
Fresh Issue43,468,552 shares (agg. up to ₹661 Cr)
Offer for Sale14,601,846 shares of ₹1 (agg. up to ₹222 Cr)
Net Offer to Public—
Amount In₹ Crore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1,274 | ₹193,648 |
| S-HNI (Min) | 14 | 1,372 | ₹208,544 |
| B-HNI (Min) | 67 | 6,566 | ₹998,032 |
Retail1 lot(s)98 shares₹14,896
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 749 | 693 | 119 |
| EBITDA | 82 | 82 | — |
| Profit After Tax | -187 | -194 | -193 |
| Net Worth | 296 | 410 | 564 |
| Total Assets | 467 | 579 | 613 |
| Reserves & Surplus | 289 | 409 | 562 |
| Total Borrowing | — | 0 | 0 |
Valuation & Key Ratios
ROE-95%
ROCE-59%
RONW-47%
PAT Margin—
EBITDA Margin12%
Debt/Equity0
P/BV0
Pre EPS₹-8
Post EPS—
Pre P/E-20
Post P/E—
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 wholly owned Subsidiary, TIB, for funding its working capital requirements – 128.64
- Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes –
- –
Company Overview
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.
Company Information
AddressThe ORB – Sahar, 4B, 1st Floor, A Wing, Marol Vill Andheri (East), Mumbai, Maharashtra, 400099
Phone1800 266 0101