Turtlemint Fintech Solutions Lt IPO — GMP ₹0

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

19 Jun 2026

Fri Completed

Done

Close Date

23 Jun 2026

Tue Completed

Done

Allotment

24 Jun 2026

Wed Completed

Done

Refund

25 Jun 2026

Thu Completed

Done

Demat Credit

25 Jun 2026

Thu Completed

Done

Listing Date

29 Jun 2026

Mon Completed

Issue Details

Pricing & Size

Issue Price

₹152 Face ₹1

Lot Size

98 shares

Min Investment

₹14,896

Total Issue Size

5,80,70,398 shares (agg. up to ₹883 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh capital cum OFS

Listing Exchange

NSE & BSE

Script / Ticker

Allocation Breakdown

Market Maker

QIB Portion

47042603.00

NII / HNI

4755450.00

Retail

6272345.00

Employee

Net Offer to Public

Shareholding Pattern

Pre-Issue Shareholding

25,10,10,354 shares

Post-Issue Shareholding

29,44,78,906 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	1	98	₹14,896

Objects of Issue

7 objectives

Expenditure towards cloud and server related infrastructure of the Company

25.64 Cr

Salary expenditure towards the technology and product development teams of the Company

193.04 Cr

Expenditure towards marketing initiatives by the Company

39.07 Cr

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 Cr

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 Cr

Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements

128.64 Cr

Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes

Lead Managers & Market Maker

Book Running Lead Managers

ICICI Securities Ltd.

Jefferies India Pvt.Ltd

JM Financial Ltd

Motilal Oswal Investment Advisors Ltd

IPO Timeline

Open

19 Jun

✓ Done

23 Jun

✓ Done

Allotment

24 Jun

✓ Done

Listing

29 Jun

✓ Done

Registrar Details

Kfin Technologies Ltd

SEBI Registered Registrar & Transfer Agent

Phone

04067162222, 04079611000

turtlemint.ipo@kfintech.com

Website

https://ipostatus.kfintech.com/

Check Allotment Status

Company Contact

Website

https://www.turtlemintinsurance.com/

support@turtlemint.com

Phone

1800 266 0101

Address

The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Vill Andheri (East), Mumbai, Maharashtra, 400099

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹152

Est. Listing

₹152

Lot Size

98 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

Issue Price (₹)

GMP (₹)

Lot Size

Number of Lots

Estimated Listing

GMP %

Investment (1 Lot)

Total Investment

Expected P&L

ROI

Turtlemint Fintech Solutions Lt LIVE

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| Price

Market Reference

IPO Issue Price

₹152

GMP

+₹0 (+0%)

GMP Est. Listing

₹152

Previous Close

—

Exchange

—

Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

1.17

Overall Sub.

⚠️ Moderate

1.30

QIB

1.09

Retail

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	1.30×	4,70,42,603	5,68,05,700	₹863.45 Cr
NII / HNI (Total)	0.55×	47,55,450	47,55,450	₹72.28 Cr
Retail Investors	1.09×	62,72,345	63,39,816	₹96.37 Cr
Total **	1.17×	5,80,70,398	6,79,00,966	₹1,032.09 Cr
Market Maker *	1×	—	—	—

* Based on ₹152.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

4,70,42,603

NII

47,55,450

Retail

62,72,345

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Crore

Metric	31 Dec 2025	31 Mar 2025	31 Mar 2024
Revenue	748.91	693.21	119.12
PAT	-187.39	-194.11	-193.35
EBITDA	81.58	82.43	—
Net Worth	295.68	410.46	563.80
Total Assets	467.14	578.69	612.55
Reserves	288.77	408.88	562.22
Borrowings	—	0.00	0.00

Key Financial Ratios

-95.18

ROE

Return on Equity

-59.09

ROCE

Return on Capital Employed

-47.29

RONW

Return on Net Worth

12.44

EBITDA Mgn

EBITDA / Revenue

0.15

D/E Ratio

Debt to Equity

0.02

P/BV

Price to Book Value

-7.77

Pre EPS

EPS Pre-Issue

-19.66

Pre P/E

P/E Pre-Issue

About Turtlemint Fintech Solutions Lt

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.

Frequently Asked Questions

What is the issue price of Turtlemint Fintech Solutions Lt IPO?

The issue price of Turtlemint Fintech Solutions Lt IPO is ₹152 per share, face value ₹1.

What is the lot size?

Minimum lot size is 98 shares, requiring ₹14,896.

What are the IPO dates?

Opens 19 Jun 2026, closes 23 Jun 2026.

When is the listing date?

Tentative listing: 29 Jun 2026 on NSE & BSE.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹152 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Turtlemint Fintech Solutions Lt IPO · Expected 24 Jun 2026

Check on Registrar

Post-IPO Timeline

Allotment Date

24 Jun 2026

Refund Initiation

25 Jun 2026

Demat Credit

25 Jun 2026

Listing Date

29 Jun 2026

Live Price LIVE

—

Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹152

Face ₹1

Lot Size

shares / lot

Min Amount

₹14,896

1 lot

Est. Listing

₹152

GMP +₹0

Subscription

Overall1.17×

QIB1.30×

NII0.55×

Retail1.09×

Key Dates

Open

19 Jun Done

23 Jun Done

Listing

29 Jun Done

Registrar

Kfin Technologies Ltd