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Open
19 Jun 2026
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Close
23 Jun 2026
3
Allotment
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Listing
Mon, Jun 29, 2026
Price Band
₹144 to ₹152
Issue Size
5,80,70,398 shares (agg. up to ₹883 Cr)
Lot Size
98 Shares
Listing Date
Mon, Jun 29, 2026
Latest GMP
₹-5
Est. Gain
-3.29%
✦ AI Insight
GMP Trend
29-06-2026₹-5Est. ₹147-3.29%
28-06-2026₹-5Est. ₹147-3.29%
27-06-2026₹-5Est. ₹147-3.29%
26-06-2026₹-3Est. ₹149-1.97%
25-06-2026₹0Est. ₹152+0%
24-06-2026₹0Est. ₹152+0%
23-06-2026₹0Est. ₹152+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 1.63x |
| NII | 0.55x |
| Retail | 1.11x |
| Total | 0.68x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 467.14 | 578.69 | 612.55 | 900.37 |
| Total Income | 748.91 | 693.21 | 119.12 | 460.11 |
| Profit After Tax | -187.39 | -194.11 | -193.35 | -288.18 |
| EBITDA | 81.58 | 82.43 | ||
| NET Worth | 295.68 | 410.46 | 563.80 | 743.45 |
| Reserves and Surplus | 288.77 | 408.88 | 562.22 | 741.87 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pine Labs Ltd. | Mainboard | ₹3,899.91 Cr | ₹221 | -160.13 | ₹250.89 | +13.52% | ₹147.48 (+0.37%) |
| Seshaasai Technologies Ltd. | Mainboard | ₹813.07 Cr | ₹423 | 28.63 | ₹411.45 | -2.73% | ₹400.15 (+3.05%) |
| Finbud Financial Services Ltd. | SME | ₹71.68 Cr | ₹142 | 23.4 | ₹164.85 | +16.09% | ₹117.20 (-1.10%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure towards cloud and server related infrastructure of the Company | 25.64 |
| 2 | Salary expenditure towards the technology and product development teams of the Company | 193.04 |
| 3 | Expenditure towards marketing initiatives by the Company | 39.07 |
| 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 | 22.21 |
| 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 | 20.87 |
| 6 | Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | 128.64 |
| 7 | Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | 151.24 |
| 8 | Issue Expenses | 80.01 |
| Total | 660.72 |
About Turtlemint Fintech Solutions IPO
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 presen
Contact Details
Turtlemint Fintech Solutions Ltd. AddressThe ORB Sahar, 4B1st Floor, A Wing, Marol VillAndheri (East)Mumbai, Maharashtra, 4000991800 266 0101support@turtlemint.comVisit Website