Turtlemint Fintech IPO: Dates, Price, Investment View
Turtlemint Fintech IPO investment opportunity
Key Highlights
Turtlemint Fintech IPO opens June 19, 2026, seeking ₹660.72 Cr. Learn about dates, price, financials, and long-term investment potential.
Turtlemint Fintech, an insurtech firm, is launching its from June 19-23, 2026, seeking to raise approximately ₹660.72 crores via a fresh issue. Despite significant revenue growth to ₹693.21 crores in 2025, the company has consistently posted losses, positioning it as a long-term investment opportunity.
Key IPO Details
The Bookbuilding Issue includes a fresh issue of roughly ₹660.72 crores and an (OFS) of up to 28,608,992 equity shares, each with a face value of ₹1.
- Date: June 19, 2026
- Close Date: June 23, 2026
- Allotment Finalization: June 24, 2026
- Listing Dates ( & ): June 29, 2026
- Investor Allocation: 75% for (QIB), 15% for Non-Institutional Investors (), and 10% for retail investors
Financials and Strategic Use of Funds
Founded in 2015, Turtlemint offers diverse insurance and financial products, aiming to boost financial security in India. Its revenue climbed from ₹460.11 crores in 2023 to ₹693.21 crores in 2025, with an interim revenue of ₹469.37 crores by September 2025.
However, the company has reported continuous losses:
- Net Loss 2023: ₹288.18 crores
- Net Loss 2024: ₹193.35 crores
- Net Loss 2025: ₹194.11 crores
- Net Loss (Sept 2025): ₹125.15 crores
Key FY2025 metrics show a Return on (RoNW) of (47.29)% and an (EPS) of ₹(7.33).
Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi intend to use IPO proceeds for cloud infrastructure, technology salaries, marketing, lease payments, working capital for subsidiary TIB, inorganic growth through acquisitions, and general corporate purposes.
Investment Recommendation
Managed by lead managers including ICICI Securities Limited and Jefferies India Private Limited, the IPO is recommended for investors with a long-term investment horizon, given the current financial performance. Fintech Limited is identified as a peer company in the insurtech sector.