Turtlemint Fintech Solutions IPO — Date, Price Band, GMP & Allotment 2026
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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.
Open
19 Jun
2026
Close
23 Jun
2026
Allotment
24 Jun
2026
Listing
29 Jun
2026
IPO Review
66
May Apply
8 reviews
IPO GMP
₹ -5
(-3.3%)
IPO Subscription Subscription
1.24
Times
Stock Price
As the IPO is listed, here is the Live Share Price for Turtlemint Fintech Solutions
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Current Price
Today
52-Week Range
High:
Low:
Listing Price
--
Issue Price
₹152
IPO Summary
IPO Dates
19 to 23 Jun, 2026
Price Band
₹144 to ₹152
Face Value
₹TBA
Lot Size
98 Shares
Issue Size
₹882.67 Cr
Listing On
BSE, NSE
Min Investment
₹ 14,896
What is the Turtlemint Fintech Solutions IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 19 Jun, 2026 | Friday |
| IPO Close Date | 23 Jun, 2026 | Tuesday |
| Basis of Allotment | 24 Jun, 2026 | Wednesday |
| Refunds Initiated | 25 Jun, 2026 | Thursday |
| Credit to Demat | 25 Jun, 2026 | Thursday |
| Listing Date | 29 Jun, 2026 | Monday |
What is the Turtlemint Fintech Solutions IPO Lot Size?
Bidding in multiples of 98 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1274 | ₹1,93,648 |
| S-HNI (Min) | 14 | 1372 | ₹2,08,544 |
| S-HNI (Max) | 67 | 6566 | ₹9,98,032 |
| B-HNI (Min) | 68 | 6664 | ₹10,12,928 |
About Turtlemint Fintech Solutions
Turtlemint Fintech Solutions Limited was incorporated in 2015 by founders Dhirendra Mahyavanshi and Anand Prabhudesai with the objective of simplifying insurance distribution in India through technology. The company started as a digital insurance platform and gradually expanded its reach by empowering insurance advisors and agents with technology-driven tools. Over the years, Turtlemint has built a strong presence across India, helping bridge the gap between insurers and customers, particularly in underserved and semi-urban markets.
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.
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.
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Turtlemint Fintech Solutions Key Performance Indicators (KPIs)
Pe
-19.66
Eps
-7.73
Roce
-59.09%
Ronw
-95.18%
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| 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 | |
| Total | ₹429.47 Cr. |
Issue Object
Expenditure towards cloud and server related infrastructure of the Company
Estimate Amount
₹25.64 Cr.
Issue Object
Salary expenditure towards the technology and product development teams of the Company
Estimate Amount
₹193.04 Cr.
Issue Object
Expenditure towards marketing initiatives by the Company
Estimate Amount
₹39.07 Cr.
Issue Object
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
Estimate Amount
₹22.21 Cr.
Issue Object
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
Estimate Amount
₹20.87 Cr.
Issue Object
Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements
Estimate Amount
₹128.64 Cr.
Issue Object
Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes
Estimate Amount
Issue Object
Total
Estimate Amount
₹429.47 Cr.
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.
Company Financials
The Turtlemint Fintech Solutions company's financial performance (in ₹ Cr.) is summarized below:
| 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.
Promoters and Shareholding Details
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 17.05% |
| Promoter Holding Post Issue | 13.10% |
Frequently Asked Questions
What is the GMP of Turtlemint Fintech Solutions?
The current Grey Market Premium (GMP) of Turtlemint Fintech Solutions is ₹ -5.
What is the Turtlemint Fintech Solutions IPO Price Band?
The price band for Turtlemint Fintech Solutions IPO is ₹144 to ₹152.
When is the Turtlemint Fintech Solutions IPO Allotment?
The allotment date for Turtlemint Fintech Solutions IPO is June 24, 2026.
How to check Turtlemint Fintech Solutions IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).
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