Turtlemint Fintech Solutions IPO
Turtlemint Fintech Solutions IPO — date, price band, GMP & allotment 2026
Turtlemint Fintech Solutions IPO is open for subscription from 19 June 2026 to 23 June 2026. Incorporated in 2015, Turtlemint is a technology-enabled insurance distribution platform that connects customers, insurance advisors and insurers through a phygital (physical + digital) business model. The company offers insurance, mutual fund and loan distribution services through a large network of PoSP agents and digital partners. Headquartered in Mumbai, it has a strong pan-India presence, especially in underpenetrated markets, with operations across thousands of pin codes.
Stock price
Turtlemint Fintech Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 19 Jun 2026
- Close 23 Jun 2026
- Allotment 24 Jun 2026
- Refund/credit 25 Jun 2026
- Listing 29 Jun 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Jun, 2026 |
|---|---|
| Price Band | ₹144 – ₹152 |
| Face Value | ₹1 |
| Lot Size | 98 Shares |
| Issue Size | ₹882.67 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,896 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 98 shares at the ₹152 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 98 | ₹14,896 |
| Retail (max) | 13 | 1,274 | ₹1,93,648 |
| S-HNI (min) | 14 | 1,372 | ₹2,08,544 |
| S-HNI (max) | 67 | 6,566 | ₹9,98,032 |
| B-HNI (min) | 68 | 6,664 | ₹10,12,928 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Technology-driven platform that streamlines insurance distribution, policy issuance, renewals and customer servicing
- 02Large PoSP and advisor network across India, providing extensive reach in urban as well as semi-urban markets.
- 03Asset-light business model with limited capital expenditure requirements, supporting scalability and profitability.
- 04Diversified insurance portfolio across life, health, motor and general insurance products, reducing dependence on a single segment.
- 05Experienced promoters and management team with strong expertise in fintech, insurance and digital distribution.
Risks · 5
- 01High dependence on insurance partners for product availability, commissions and business continuity.
- 02Regulatory risks as changes in insurance distribution norms or commission structures can impact revenues.
- 03Intense competition from insurance aggregators, brokers, fintech platforms and direct insurer channels.
- 04Technology and cybersecurity risks, where data breaches or platform disruptions could affect operations and reputation.
- 05Dependence on advisor productivity and retention, as lower engagement or attrition among PoSPs and agents may impact business growth.
Three years of numbers
All figures in ₹ crore, as reported in the Turtlemint Fintech Solutions offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 748.91 | 693.21 | 119.12 |
| EBITDA | 81.58 | 82.43 | |
| Net Profit | -187.39 | -194.11 | -193.35 |
| Debt | 0.00 | 0.00 | |
| Assets | 467.14 | 578.69 | 612.55 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Turtlemint Fintech Solutions RHP.
Where the money goes
₹858.94 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
1800 266 0101
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
29 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Powerica (-7.3%).
ICICI Securities
22 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Shadowfax Technologies (-9.2%).
Motilal Oswal Investment Advisors
21 issues handledBest listing: Kusumgar (+37.0%). Weakest: Epack Prefab Technologies (-9.9%).
Jefferies India Private Limited
7 issues handledBest listing: Dhoot Transmission (+37.8%). Weakest: Emmvee Photovoltaic Power (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Turtlemint Fintech Solutions?
The current Grey Market Premium is ₹-5, or -3.3% over the issue price.
What is the Turtlemint Fintech Solutions IPO price band?
₹144 to ₹152, on a face value of ₹1.
When is the allotment?
The basis of allotment is 24 June 2026, with listing on 29 June 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
