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Turtlemint Fintech Solutions Lt

Turtlemint Fintech Solutions Lt

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹152
₹152
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹152
Based on GMP
Min. Investment
₹14,896
1 lot × 98 shares
Subscribed
1.17x
Over-subscribed
IPO Details
Open Date
19 Jun 2026
Close Date
23 Jun 2026
Allotment
24 Jun 2026
Listing Date
29 Jun 2026
Exchange
NSE & BSE
Price Band
₹152
Listing Price
See chart
Allotment Status
Price Band
₹152
Per share
Face Value
₹1 per share
 
Lot Size
98 Shares
per lot
Issue Size
5,80,70,398 shares (agg. up to ₹883 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,896
1 lot
Pre-IPO Holding
25,10,10,354 shares
Promoters
Post-IPO Holding
29,44,78,906 shares
Promoters
P/E (Pre)
-19.66x
 
EPS (Pre)
₹-7.77
 
UPI Deadline
5:00 PM on 23 Jun 2026
Mandate
Anchor AllotmentThu, 18 Jun 2026
Basis of AllotmentWed, 24 Jun 2026
Refund InitiationThu, 25 Jun 2026
Demat CreditThu, 25 Jun 2026
Listing DayMon, 29 Jun 2026
UPI Mandate Deadline5:00 PM on 23 Jun 2026
Sale TypeFresh capital cum OFS
Fresh Issue Shares4,34,68,552 shares (agg. up to ₹661 Cr)
Offer for Sale1,46,01,846 shares of ₹1 (agg. up to ₹222 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Turtlemint Fintech Solutions Lt IPO subscribed 1.17 times overall. Retail: 1.09x. QIB: 1.30x. NII: 0.55x. By 23 Jun 2026.
QIB
1.30x
Over
NII/HNI
0.55x
Retail
1.09x
Over
Total
1.17x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.30x
47,042,603
₹715.05
NII / HNI
0.55x
4,755,450
₹72.28
Retail
Over 1.09x
6,272,345
₹95.34
Total 1.17x
58,070,398
100% ₹882.67
IPO Shares Offered
Turtlemint Fintech Solutions Lt IPO total issue size: ₹882.67 Cr. Retail: ₹95.34 Cr. QIB: ₹715.05 Cr. NII: ₹72.28 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 47,042,603 ₹715.05
81.01%
NII 4,755,450 ₹72.28
8.19%
Retail 6,272,345 ₹95.34
10.80%
Total 58,070,398 ₹882.67
100.00%
* Based on upper price band ₹152 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 4,755,450 6,272,345 11,027,795
Allotment price (₹) 152 152 152 152 152 152 152 152
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹95.34 ₹95.34
Times subscribed 1.30x 0.55x 1.09x 1.17x
Shares allotted 4,755,450 6,272,345 11,027,795
No. of allottees
* Upper price band ₹152 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
98
Shares per Lot
Issue Price
₹152.00
Upper Band
Min Investment
₹14,896
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2196₹29,792
Retail (Max — 13 Lots)131,274₹193,648
S-HNI (Min — 14 Lots)141,372₹208,544
B-HNI (Min — 68 Lots)686,664₹1,012,928
* Issue Price ₹152 × Lot Size 98 shares
IPO Schedule
Anchor
18 Jun 2026
✓ Done
IPO Open
19 Jun 2026
✓ Done
IPO Close
23 Jun 2026
✓ Done
Allotment
24 Jun 2026
✓ Done
Refunds
25 Jun 2026
✓ Done
Demat Credit
25 Jun 2026
✓ Done
Listing Day
29 Jun 2026
✓ Done
Turtlemint Fintech Solutions Lt — Live Price LIVE
₹152.00
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Issue ₹152.00 Live Price
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.
Objects of the Issue
1
Expenditure towards cloud and server related infrastructure of the Company
2
Salary expenditure towards the technology and product development teams of the Company
3
Expenditure towards marketing initiatives by the Company
4
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
5
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
6
Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements
7
Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes
Turtlemint Fintech Solutions Lt Financials (Amount in ₹ Crore)
Revenue from Operations
₹119.1
31 Mar 2024
₹693.2
31 Mar 2025
₹748.9
31 Dec 2025
Profit After Tax (PAT)
-₹193.4
31 Mar 2024
-₹194.1
31 Mar 2025
-₹187.4
31 Dec 2025
Particulars31 Dec 202531 Mar 202531 Mar 2024
Revenue from Operations 748.91 693.21 119.12
EBITDA 81.58 82.43 N/A
Profit After Tax (PAT) -187.39 -194.11 -193.35
Net Worth 295.68 410.46 563.80
Total Assets 467.14 578.69 612.55
Reserves & Surplus 288.77 408.88 562.22
Borrowings N/A 0.00 0.00
EBITDA Margin (%) 12.44
PAT Margin (%) N/A
P/BV Ratio
0.02
RoE
-95.18
RoCE
-59.09
RoNW
-47.29
EBITDA Margin
12.44
Debt/Equity
0.15
Issue Structure & Shareholding
Total Shares Offered5,80,70,399
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding25,10,10,354 shares
Post-Issue Promoter Holding29,44,78,906 shares
P/BV Ratio0.02
RoE-95.18
RoCE-59.09
Debt / Equity0.15
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ICICI Securities Ltd.
Jefferies India Pvt.Ltd
JM Financial Ltd
Motilal Oswal Investment Advisors Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Turtlemint Fintech Solutions Lt IPO subscribed?

Turtlemint Fintech Solutions Lt IPO is subscribed 1.17 times by Jun 23, 2026. Retail: 1.09x. QIB: 1.30x. NII: 0.55x.

Investor CategorySubscription
Qualified Institutional (QIB)1.30x
Non Institutional (NII/HNI)0.55x
Retail Individual1.09x
Total Subscription1.17x
What is Turtlemint Fintech Solutions Lt IPO retail subscription status?

The Turtlemint Fintech Solutions Lt IPO retail category is subscribed 1.09 times as of 23 Jun 2026. The retail portion is oversubscribed.

How to subscribe Turtlemint Fintech Solutions Lt IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Jun 2026 and closes 23 Jun 2026. Min investment: ₹14,896 (1 lot = 98 shares). UPI mandate: 5:00 PM on 23 Jun 2026.

How many times Turtlemint Fintech Solutions Lt IPO subscribed?

The Turtlemint Fintech Solutions Lt IPO subscribed 1.17x overall. QIB: 1.30x, NII: 0.55x, Retail: 1.09x. Applications: from NSE/BSE.

How to check Turtlemint Fintech Solutions Lt IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Jun 2026. Refunds: on 25 Jun 2026.

When Turtlemint Fintech Solutions Lt IPO will be listed?

The Turtlemint Fintech Solutions Lt IPO listing date is 29 Jun 2026, Monday. Listed on: NSE & BSE. Issue price: ₹152. Estimated listing: ₹152. GMP: NIL.

When Turtlemint Fintech Solutions Lt IPO close?

The Turtlemint Fintech Solutions Lt IPO closes on 23 Jun 2026, Tuesday. UPI mandate: 5:00 PM on 23 Jun 2026. Allotment: 24 Jun 2026. Listing: 29 Jun 2026.