Turtlemint Fintech – IPO

The IPO of Turtlemint Fintech Solutions is structured as a book-built issue totaling Rs 882.67 crores. The issue consists of a combination of a fresh issue aggregating to Rs 660.72 crores and an offer for sale aggregating to Rs 221.95 crores. 

The Turtlemint Fintech Solutions IPO opened for subscription on June 19, 2026, and closed on June 23, 2026. The finalization of the allotment took place on Wednesday, June 24, 2026. The shares were listed on BSE and NSE on Monday, June 29, 2026. 

The price band for the Turtlemint Fintech Solutions IPO was set between ₹144 and ₹152 per share. A minimum lot size of 98 shares was required for an application. The minimum investment amount required by retail investors was ₹14,896. For sNII investors, the minimum lot size investment was 14 lots (1,372 shares), amounting to ₹208,544, while for bNII investors, it was 68 lots (6,664 shares), amounting to ₹1,012,928. 


Turtlemint Fintech – IPO Details

IPO Date June 19, 2026 to June 23, 2026
Listing Date June 24, 2026
Face Value ₹ 1 / Share
Price Band ₹ 144 to ₹ 152 / Share
Lot Size 98 Shares
Total Issue Size 58070398
(Aggregating up to 883)
Fresh Issue 43468552
(Aggregating up to 661 )
Offer for Sale
Employee Discount
Issue Type Bookbuilding IPO
Listing At BSE NSE
Share holding pre issue 251010354
Share holding post issue 294478906
Market Maker portion

Turtlemint Fintech Timeline (Tentative Schedule)

Turtlemint Fintech IPO opens on June 19, 2026, and closes on June 23, 2026.

IPO Open Date June 19, 2026
IPO Close Date June 23, 2026
Basis of Allotment June 24, 2026
Initiation of Refunds June 25, 2026
Credit of Shares to Demat June 25, 2026
Listing Date June 24, 2026
Cut-off time for UPI mandate confirmation --

Turtlemint Fintech IPO Lot Size

Investors can bid for a minimum of 98 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 98 Rs.14,896
Retail (Max) 13 1,274 Rs.193,648
S-HNI (Min) 14 1,372 Rs.208,544
S-HNI (Max) 67 6,566 Rs.998,032
B-HNI (Min) 68 6,664 Rs.1,012,928
HNI (Min)

Turtlemint Fintech IPO Promoter Holding

Share Holding Pre Issue 251010354
Share Holding Post Issue 294478906

Turtlemint Fintech IPO Reservation

Turtlemint Fintech Solutions IPO comprises a total issue size of 5,80,70,398 shares. Out of which, 4,35,52,800 (75.00%) are allocated to QIB, 87,10,559 (15.00%) allocated to NII 58,07,039 (10.00%) allocated to RII.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 26131680
45.00		 NA
Market Maker Shares Offered
Other Shares Offered
QIB Shares Offered 17421120
30.00		 NA
NII (HNI) Shares Offered 8710559
15.00		 NA
bNII > ₹10L 5807040
10.00		 4232
sNII < ₹10L 2903519
5.00		 2116
Retail Shares Offered 5807039
10.00		 59255
Employee Shares Offered
Total Shares Offered 58070398
100.00

Turtlemint Fintech IPO Anchor Investors Details

Bid Date 2026-06-18
Shares Offered 26131680
Anchor Portion Size (In Cr.) 397.20
Anchor lock-in period end date for 50% shares (30 Days) July 23, 2026
Anchor lock-in period end date for remaining shares (90 Days) September 21, 2026

About Turtlemint Fintech

Incorporated in 2015, Turtlemint Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers through a phygital (physical + digital) model. The company was among the first to adopt the Point-of-Sale Person (PoSP) distribution model and has built India's largest certified PoSP network among its peer group.

Turtlemint offers a comprehensive platform that enables Digital Partners to compare, recommend, and distribute insurance products from multiple insurers while managing customer acquisition, policy servicing, claims support, training, and lead management. The platform provides access to life, health, motor, and other insurance products through partnerships with 45 insurer partners.

The company has facilitated the distribution of over 21.87 million insurance policies between April 2022 and December 2025, generating platform premium of over ₹10,066 crore across 19,171 pin codes, covering nearly 98% of India's pin codes. Turtlemint has a network of 6.32 lakh+ Digital Partners, including over 5.07 lakh certified PoSPs, supported by its proprietary advisor app, Turtlemint Pro.

Turtlemint has a strong presence in India's B30+ markets (cities beyond the top 30 by population), where over 80% of its Digital Partners are based. The company leverages AI-driven technology, mobile-first tools, and a large physical advisory network to improve insurance accessibility, customer experience, and insurance penetration across India.

As of December 31, 2025, the company employed 2,348 permanent employees across sales, technology, product development, and corporate functions.

Strengths

  • Leading position in India's PoSP-based insurance distribution ecosystem.
  • Largest certified Digital Partner and PoSP network among peers.
  • Partnerships with 45 insurer partners offering a wide product portfolio.
  • Strong presence in underserved B30+ markets across India.
  • Scalable technology-driven phygital distribution model.
  • AI-powered platform supporting customer acquisition, servicing, and claims management.
  • Strong network effects driven by Digital Partners and insurer relationships.
  • Consistent growth in platform premium and earnings.
  • High Digital Partner retention and favorable unit economics.
  • Experienced promoter-led management team backed by marquee investors.

Key Performance Indicator

KPI Values
ROE -95.18
ROCE -59.09
Debt/Equity 0.15
RoNW -47.29
P/BV 0.02
PAT Margin (%) 12.44
  Pre IPO Post IPO
EPS (Rs) -7.73 -ve
P/E (x) -19.66 -ve

Note:

Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi



Objects of the Issue (Turtlemint Fintech IPO Objectives)

Turtlemint Fintech Contact Details

Turtlemint Fintech Solutions Ltd. Address

The ORB Sahar, 4B

1st Floor, A Wing, Marol Vill

Andheri (East)

Mumbai, Maharashtra, 400099

Turtlemint Fintech IPO Registrar

Kfin Technologies Ltd.

Frequently Asked Questions

What is Turtlemint Fintech IPO?
The Turtlemint Fintech IPO is classified as an Mainline IPO. The issue price is set between ₹144 and ₹152 per equity share. A minimum of 98 shares is required per order. The IPO will be open from June 19, 2026, to June 23, 2026. The shares are proposed to be listed on BSE NSE.
When does the Turtlemint Fintech IPO open and close?
The Turtlemint Fintech IPO will be opened on June 19, 2026, and closed on June 23, 2026.
What is the issue size of the Turtlemint Fintech IPO?
The size of the Turtlemint Fintech IPO is 883in total. A fresh issue of 43468552 shares, aggregating up to 661 , is included.
What is the price band of the Turtlemint Fintech Limited IPO?
The price band for the IPO has been set between ₹144 - ₹152 per equity share.
What is the allotment date of the Turtlemint Fintech IPO?
The share allotment date for the Turtlemint Fintech IPO is set for June 24, 2026.
What is the Turtlemint Fintech listing date?
The Turtlemint Fintech IPO is scheduled to be listed on June 24, 2026.
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