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Turtlemint Fintech Solutions IPO 2026: Insurtech Leader Set to Benefit from India’s Digital Insurance Revolution
Turtlemint Fintech Solutions IPO is expected to attract significant investor interest as t...
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T
Mainboard IPO
LISTED
NSE, BSE
TURTLEMINT
Turtlemint Fintech Solutions IPO
Turtlemint Fintech Solutions IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹-17.1
-11.3%
Est. Listing: ₹134.90
Price Band
₹144 - ₹152
Per equity share
Lot Size
98 Shares
Min Invest: ₹14,896
Issue Size
₹883 Cr
Fresh: Approx ₹660.72 Crores
Issue Dates
18 June 2026 – 22 June 2026
Bidding period
Subscription
0.54x
Total overall demand
Turtlemint Fintech Solutions IPO Details
Key facts at a glance| IPO Open Date | 18 June 2026 | IPO Close Date | 22 June 2026 |
|---|---|---|---|
| Basis of Allotment | 23 June 2026 | Listing Date | 28 June 2026 |
| Price Band | ₹144 - ₹152 per share | Face Value | ₹10 per share |
| Market Lot Size | 98 Shares | Min Investment (Retail) | ₹14,896 |
| Total Issue Size | ₹883 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | Approx ₹660.72 Crores | Offer for Sale (OFS) | ₹222.28 Cr |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Turtlemint Fintech Solutions IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 18 June 2026 | Confirmed |
| IPO Close Date | 22 June 2026 | Confirmed |
| Basis of Allotment | 23 June 2026 | Tentative |
| Initiation of Refunds | 25 June 2026 | Tentative |
| Credit of Shares to Demat | 25 June 2026 | Tentative |
| IPO Listing Date | 28 June 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Turtlemint Fintech Solutions IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 98 Shares | ₹14,896 |
| Retail (Max) | 13 Lots | 1,274 Shares | ₹1,93,648 |
| S-HNI (Min) | 14 Lots | 1,372 Shares | ₹2,08,544 |
| S-HNI (Max) | 67 Lots | 6,566 Shares | ₹9,98,032 |
| B-HNI (Min) | 68 Lots | 6,664 Shares | ₹10,12,928 |
Turtlemint Fintech Solutions IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹-17.1 -11.3%
Estimated Listing Price
₹134.90
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 24 Jun 2026 | ₹2 | ₹154.00 | +1.32% |
| 23 Jun 2026 | ₹2 | ₹154.00 | +1.32% |
| 22 Jun 2026 | ₹2 | ₹154.00 | +1.32% |
| 19 Jun 2026 | ₹2.3 | ₹154.30 | +1.51% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Turtlemint Fintech Solutions IPO Subscription Status
Demand breakdown by investor category
Retail
0.64x
QIB
0.75x
NII / HNI
—
Total
0.54x
Turtlemint Fintech Solutions Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | — | ₹184.81 | ₹154.97 | — |
| 2024 | — | ₹206.45 | ₹175.85 | — |
| 2025 | — | ₹322.58 | ₹261.43 | — |
| Dec 2025 | — | ₹236.50 | ₹186.96 | — |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Turtlemint Fintech Solutions IPO Valuation & KPIs
Key metrics pre-issue
EPS
(7.33) (Basic)
P/E Ratio
N/A
RoNW
(47.29%)
NAV per share
₹7,768.02
RoCE
(47.29)%
RoE
-%
Debt to Equity
–
PAT Margin
-%
EBITDA Margin
-%
Turtlemint Fintech Solutions Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Powerica Limited | — | 15.26 | — | — | — |
| Cummins India Limited | — | 72.15 | — | — | — |
| Kirloskar Oil Engines Limited | — | 33.71 | — | — | — |
| NTPC Green Energy Limited | — | 0.67 | — | — | — |
| Acme Solar Holdings Limited | — | 4.55 | — | — | — |
| Adani Green Energy Limited | — | 8.37 | — | — | — |
About Turtlemint Fintech Solutions
Turtlemint Fintech Solutions IPO Reservation & Share Quotas
Turtlemint Fintech has allocated its IPO shares across different investor categories in accordance with regulatory guidelines applicable to book-built public issues. The allocation structure is designed to balance institutional participation with retail investor access.
A substantial portion of the issue has been reserved for Qualified Institutional Buyers (QIBs), while separate quotas have been earmarked for Non-Institutional Investors (NIIs) and retail participants.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | – |
| QIB (Excluding Anchor Portion) | – Shares | 75% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 10% |
Turtlemint Fintech Solutions IPO Anchor Investors
The anchor investor portion of the Turtlemint Fintech IPO is scheduled to open one day before the public subscription period. Participation from anchor investors often provides an early indication of institutional interest in the issue.
Shares allotted to anchor investors are subject to mandatory lock-in periods as prescribed by market regulations. These restrictions help maintain stability in the stock during the initial months following listing.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 18, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End (50% Shares - 30 Days) | 2026 |
| Lock-in Period End (Remaining 50% Shares - 90 Days) | 2026 |
Turtlemint Fintech Solutions IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 19 Jun 2026 |
| IPO Close Date | 23 Jun 2026 |
| Basis of Allotment | 24 Jun 2026 |
| Refunds | 25 Jun 2026 |
| Credit to Demat Account | 25 Jun 2026 |
| IPO Listing Date | 29 Jun 2026 |
Note: The timeline for Turtlemint Fintech Solutions IPO is tentative and subject to change.
Turtlemint Fintech Solutions Promoters and Shareholding Pattern
Turtlemint Fintech is promoted by experienced founders who have played a significant role in building the company’s digital insurance and financial services platform. Their leadership has been instrumental in expanding the company’s reach across multiple distribution channels.
Following the public issue, the promoters will continue to retain a meaningful stake in the company, although their shareholding percentage will reduce due to the dilution arising from the fresh issue and public participation.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 25,10,10,354 | 17.05% |
| Promoter Holding Post Issue | – | 13.10% |
Turtlemint Fintech Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| 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 the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ₹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of Turtlemint Fintech Solutions.
Turtlemint Fintech Solutions About the IPO
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans.
Their mission is to ensure financial security for every Indian through accessible insurance and investment solutions. Moreover, through the turtlemint platform, users can check the different types of insurance and financial plans to pick the best one.
Turtlemint Fintech Solutions Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for Turtlemint Fintech Solutions are in ₹ Crores unless stated otherwise.
Turtlemint Fintech Solutions Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | (47.29)% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | (7.33) (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | (47.29%) |
| Net Asset Value (NAV) | 7,768.02 |
Note: Valuation KPIs for Turtlemint Fintech Solutions are computed for FY2026.
Turtlemint Fintech Solutions Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for Turtlemint Fintech Solutions are sourced from DRHP filings.
Turtlemint Fintech Solutions Lead Managers & Merchant Bankers
- ICICI Securities Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
Turtlemint Fintech Solutions IPO FAQs
Turtlemint Fintech Solutions IPO opens for subscription on 18 June 2026 and closes on 22 June 2026.
The price band for Turtlemint Fintech Solutions IPO is set at ₹144.00 to ₹152.00 per share.
The minimum market lot size is 98 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 98 Shares (₹14,896).
The latest Grey Market Premium (GMP) for Turtlemint Fintech Solutions IPO is ₹-17.10. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Turtlemint Fintech Solutions IPO is tentatively scheduled for 23 June 2026, and shares are expected to list on the stock exchanges on 28 June 2026.
The registrar details will be confirmed in the official prospectus.
Turtlemint Fintech Solutions IPO Analysis & Articles
