IPO Listed — 29 Jun 2026
Listing Price: ₹136.2
Turtlemint Fintech Solutions IPO GMP History | Listing Price ₹136.2 & Kostak Rate
Turtlemint Fintech Solutions IPO has been listed on June 29, 2026 at a listing price of ₹136.2, against the issue price of ₹152 — a loss of ₹15.8 (-10.39%). The GMP peaked at ₹6 on 16 June 2026 and reached a low of ₹-5 on 29 June 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Turtlemint Fintech Solutions IPO raised ₹882.67 Cr. through its IPO at a price band of ₹144 to ₹152 per share, with a lot size of 98 shares. The IPO was open for subscription from 19 Jun 2026 to 23 Jun 2026.
Table of Contents
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 29 Jun 2026 | ₹ -5 | -3.3% | ₹ 0 | ₹ 0 | |
| 28 Jun 2026 | ₹ -5 | -3.3% | ₹ 0 | ₹ 0 | |
| 27 Jun 2026 | ₹ -5 | -3.3% | ₹ 0 | ₹ 0 | |
| 26 Jun 2026 | ₹ -3 | -2% | ₹ 0 | ₹ 0 | |
| 25 Jun 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 24 Jun 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 23 Jun 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 22 Jun 2026 | ₹ 2 | 1.3% | ₹ 0 | ₹ 0 | |
| 21 Jun 2026 | ₹ 2 | 1.3% | ₹ 0 | ₹ 0 | |
| 20 Jun 2026 | ₹ 2.5 | 1.6% | ₹ 0 | ₹ 0 | |
| 19 Jun 2026 | ₹ 3 | 2.0% | ₹ 0 | ₹ 0 | |
| 18 Jun 2026 | ₹ 2.25 | 1.5% | ₹ 0 | ₹ 0 | |
| 17 Jun 2026 | ₹ 2 | 1.3% | ₹ 0 | ₹ 0 | |
| 16 Jun 2026 | ₹ 6 | 3.9% | ₹ 0 | ₹ 0 |
Turtlemint Fintech Solutions IPO Dates
| Event | Date |
|---|---|
| Open Date | 19 Jun, 2026 |
| Close Date | 23 Jun, 2026 |
| Allotment Date | 24 Jun, 2026 |
| Refund Date | 25 Jun, 2026 |
| Credit to Demat | 25 Jun, 2026 |
| Listing Date | 29 Jun, 2026 |
Turtlemint Fintech Solutions IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹152 |
| GMP-Based Estimate (Pre-Listing) | ₹147 (-3.3%) |
| Actual Listing Price | ₹136.2 (-10.39%) |
| Listing Gain / Loss | ₹-15.8 per share |
| Listing Date | 29 Jun, 2026 |
Is Turtlemint Fintech Solutions IPO GMP Reliable?
Grey market premium for Turtlemint Fintech Solutions IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Turtlemint Fintech Solutions IPO full review for a fundamentals-based assessment before making any grey market trades.
Turtlemint Fintech Solutions IPO IPO Kostak Rate Explained
The Kostak rate for Turtlemint Fintech Solutions IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Turtlemint Fintech Solutions IPO
The company operates a technology-enabled insurance distribution business model, offering a wide range of life, health, motor and general insurance products from multiple insurance companies. Its platform enables Point of Sale Persons (PoSPs), brokers and advisors to manage customer acquisition, policy issuance, renewals and claims support through a single integrated system. By combining digital capabilities with an extensive advisor network, Turtlemint generates revenue through commissions and service fees while providing customers with access to diverse insurance solutions.
Strengths & Risks
Strengths
- ✓ Technology-driven platform that streamlines insurance distribution, policy issuance, renewals and customer servicing
- ✓ Large PoSP and advisor network across India, providing extensive reach in urban as well as semi-urban markets.
- ✓ Asset-light business model with limited capital expenditure requirements, supporting scalability and profitability.
- ✓ Diversified insurance portfolio across life, health, motor and general insurance products, reducing dependence on a single segment.
- ✓ Experienced promoters and management team with strong expertise in fintech, insurance and digital distribution.
Risks
- ⚠ High dependence on insurance partners for product availability, commissions and business continuity.
- ⚠ Regulatory risks as changes in insurance distribution norms or commission structures can impact revenues.
- ⚠ Intense competition from insurance aggregators, brokers, fintech platforms and direct insurer channels.
- ⚠ Technology and cybersecurity risks, where data breaches or platform disruptions could affect operations and reputation.
- ⚠ Dependence on advisor productivity and retention, as lower engagement or attrition among PoSPs and agents may impact business growth.
Frequently Asked Questions about Turtlemint Fintech Solutions IPO
What is the GMP of Turtlemint Fintech Solutions IPO?
The current Grey Market Premium (GMP) of Turtlemint Fintech Solutions IPO is ₹ -5.
What is the Kostak Price of Turtlemint Fintech Solutions IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Turtlemint Fintech Solutions IPO is currently not available.
What is the Subject to Sauda Price of Turtlemint Fintech Solutions IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Turtlemint Fintech Solutions IPO?
Turtlemint Fintech Solutions IPO listed on June 29, 2026 at ₹136.2, against the issue price of ₹152 — a loss of -10.39%.
How did the GMP of Turtlemint Fintech Solutions IPO trend before listing?
The GMP of Turtlemint Fintech Solutions IPO was stable in its final days before listing. The GMP peaked at ₹6 on 16 June 2026. View the day-wise table above for the complete GMP history.
Explore Turtlemint Fintech Solutions IPO Further
For a complete picture before making your investment decision, explore these resources:
