Turtlemint Fintech IPO Details
Turtlemint Fintech IPO Review & Key Points
- Review: Neutral
Turtlemint Fintech IPO Market Lot
The Turtlemint Fintech IPO minimum market lot is 98 shares with ā¹14,896 application amount. The retail investors can apply up-to 13 lots with 1,274 shares of ā¹1,93,648 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 98 | ā¹14,896 |
| Retail Maximum | 13 | 1,274 | ā¹1,93,648 |
| S-HNI Minimum | 14 | 1,372 | ā¹2,08,544 |
| S-HNI Maximum | 67 | 6,566 | ā¹9,98,032 |
| B-HNI Minimum | 68 | 6,664 | ā¹10,12,928 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 2,61,31,680 Shares | 45.00% |
| QIB (Ex. Anchor) | 1,74,21,119 Shares | 30.00% |
| NII Shares Offered | 87,10,560 Shares | 15% |
| Retail Shares Offered | 58,07,040 Shares | 10% |
Turtlemint Fintech IPO Anchor Investors
Turtlemint Fintech IPO Dates
The Turtlemint Fintech IPO date is June 19 and the close date is June 23. The Turtlemint Fintech IPO allotment will be finalized on June 24 and the IPO listing on June 29.
| IPO Open Date: | June 19, 2026 |
| IPO Close Date: | June 23, 2026 |
| Basis of Allotment: | June 24, 2026 |
| Refunds: | June 25, 2026 |
| Credit to Demat Account: | June 25, 2026 |
| IPO Listing Date: | June 29, 2026 |
| IPO Bidding Cut-off Time: | June 23, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 25,10,10,354 | 17.05% |
| Promoter Holding Post Issue | – | 13.10% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Expenditure towards cloud and server related infrastructure of the Company; | ā¹25.64 |
| Salary expenditure towards the technology and product development teams of the Company; | ā¹193.04 |
| Expenditure towards marketing initiatives by the Company; | ā¹39.07 |
| 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 | ā¹22.21 |
| 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 | ā¹20.87 |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ā¹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ā¹- |
About Turtlemint Fintech IPO
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans.
Their mission is to ensure financial security for every Indian through accessible insurance and investment solutions. Moreover, through the turtlemint platform, users can check the different types of insurance and financial plans to pick the best one.
Turtlemint Fintech IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹460.11 | ā¹748.30 | ā¹288.18 | ā¹900.37 |
| 2024 | ā¹119.12 | ā¹312.47 | ā¹193.35 | ā¹612.55 |
| 2025 | ā¹693.21 | ā¹882.57 | ā¹194.11 | ā¹578.69 |
| Dec 2025 | ā¹748.91 | ā¹881.37 | ā¹187.39 | ā¹467.14 |
Turtlemint Fintech IPO Valuation – FY2025
Check Turtlemint Fintech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | (47.29)% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ā¹(7.33) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (47.29%) |
| Net Asset Value (NAV): | ā¹7,768.02 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| PB Fintech Limited | 7.77 | 218.81 | 5.74% | 140.06 | 4,977.21 Cr. |
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
Company Address
Turtlemint Fintech Solutions Ltd.
The ORB ā Sahar, 4B,
1st Floor, A Wing, Marol Vill
Andheri (East),
Mumbai, Maharashtra, 400099
Phone: 1800 266 0101
Email: support@turtlemint.com
Website: https://www.turtlemintinsurance.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: turtlemint.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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Note: The Turtlemint Fintech IPO price band and date are officially announced. The (Turtlemint Fintech IPO grey market premium) will be added to the IPO GMP page as it will start).



