Turtlemint Fintech Solutions Ltd.
NSE & BSE₹144–152
₹ 500 Cr
98 Shares
₹ 14,112
₹1
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 10,982.83 | 6,627.12 | |
| 110.67 | 304.94 | |
| 11,093.5 | 6,932.06 | |
| 12,286.53 | 8,509.39 | |
| -1,925.61 | -1,893.62 | |
| -1,842.66 | -1,941.05 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
19 Jun 2026
IPO Offer Ends
23 Jun 2026
29 Jun 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Ex penditure towards cloud and server related infrastructure of our Company | 256.43 |
| 2 | Sa lary expenditure towards the technology and product development teams of our Company | 1,930.36 |
| 3 | Ex penditure towards marketing initiatives by our Company | 390.73 |
| 4 | Ex penditure towards lease payments for existing properties of our Company | 430.76 |
| 5 | Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements | 1,286.42 |
| 6 | Funding inorganic growth through unidentified acquisitions and strategic | 1,512.41 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
80.97%
Promoter stake
Post-IPO
13.21%
Promoter stake
Offered to Public
3,29,01,878
shares
Post Share Capital
3,89,08,960
shares
IPO Registrar
KFIN Technologies Ltd.
About the Company
Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors andinsurers. In 2015, Turtlemint became the first to adopt the point-of-sale person (“PoSP”) distribution model andalso has the largest certified PoSP network among the Peer Group as of September 30, 2025 as well as March 31,2025 (Source: Redseer Report). According to the Redseer Report, we have significantly outpaced the growth ofthe overall retail insurance market, in terms of gross direct premium income (“GDPI”). While the combinedgrowth rate of retail health, retail life new business, and motor insurance stood at a CAGR of approximately 10.3%between Fiscals 2020 and 2025, we achieved a GDPI growth (within the same categories) of approximately 3.00times higher in the period (Source: Redseer Report). We have demonstrated significant growth in our PlatformPremium, growing from ₹6,989.02 million in Fiscal 2020 to ₹29,459.36 million in Fiscal 2025, achieving a CAGRof 33.34%, and by 34.59% from ₹11,816.89 million in the six months period ended September 30, 2024 to₹15,903.79 million in the six months period ended September 30, 2025. We have facilitated distribution of 19.68million insurance policies from April 1, 2022 to September 30, 2025 that generated Platform Premium amountingto ₹90,249.11 million across 19,153 pin codes (representing 97.80% of the total pin codes (i.e., 19,583 pin codes)in India, as of August 2025, according to the Redseer Report).
Use of Proceeds
1. Expenditure towards cloud and server related infrastructure of our Company;2. Salary expenditure towards the technology and product development teams of our Company;3. Expenditure towards marketing initiatives by our Company;4. Expenditure towards lease payments for existing properties of our Company and our wholly ownedSubsidiary, TIB;5. Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements; and6. Funding inorganic growth through unidentified acquisitions and strategic initiatives and generalcorporate purposes.
Turtlemint Fintech Solutions Ltd. Latest News
News
Turtlemint Fintech Solutions informs about newspaper advertisement
Turtlemint Fintech Solutions informs about conference call
Turtlemint Fintech Solutions submits board meeting intimation
Turtlemint Fintech Solutions lists at 10% discount on the BSE
The scrip is currently trading at Rs. 144.90, down by 7.10 points or 4.67% from its issue price
Turtlemint Fintech Solutions coming with IPO to raise Rs 919.38 crore
The issue will open for subscription on June 19, 2026 and will close on June 23, 2026
IPO FAQs
The Turtlemint Fintech Solutions Ltd. IPO has a total of ₹500 crore, calculated at the upper end of the .
The Turtlemint Fintech Solutions Ltd. IPO is priced at ₹144–152 per share. bids must fall within this , against a of ₹1 per share.
The for the Turtlemint Fintech Solutions Ltd. IPO is 98 shares, which is also the minimum order quantity — you have to apply for at least 98 shares, and in multiples of 98 beyond that.
The minimum investment in the Turtlemint Fintech Solutions Ltd. IPO is about ₹14,112 — one lot of 98 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Turtlemint Fintech Solutions Ltd. opens on 19 Jun 2026 and closes on 23 Jun 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Turtlemint Fintech Solutions Ltd. shares were listed on 29 Jun 2026 on BSE and NSE.
KFIN Technologies Ltd. is the for the Turtlemint Fintech Solutions Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Turtlemint Fintech Solutions Ltd. IPO shares are listed on BSE and NSE.
Each Turtlemint Fintech Solutions Ltd. share has a of ₹1.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 80.97% of Turtlemint Fintech Solutions Ltd. before the IPO, which falls to 13.21% after the issue.
3,29,01,878 shares of Turtlemint Fintech Solutions Ltd. are being offered to the public in this issue.
The Turtlemint Fintech Solutions Ltd. IPO has been subscribed 1.20x overall — 1.59x, 0.52x and 1.07x.
figures update through the issue period until it closes.
- 1.Expenditure towards cloud and server related infrastructure of our Company
- 2.Salary expenditure towards the technology and product development teams of our Company
- 3.Expenditure towards marketing initiatives by our Company
- 4.Expenditure towards lease payments for existing properties of our Company and our wholly ownedSubsidiary, TIB
- 5.Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements
- 6.Funding inorganic growth through unidentified acquisitions and strategic initiatives and generalcorporate purposes
ICICI Securities Ltd, Jefferies India Pvt Ltd., JM Financial Ltd. and Motilal Oswal Investment Advisors Pvt Ltd are the for the Turtlemint Fintech Solutions Ltd. IPO.
Pre-apply means placing your Turtlemint Fintech Solutions Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Turtlemint Fintech Solutions Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Turtlemint Fintech Solutions Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.