Turtlemint Fintech IPO Details
| IPO Open Date | June 19, 2026 |
| IPO Close Date | June 23, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹144 to ₹152 Per Share |
| Issue Size | Approx ₹883 Crores |
| Fresh Issue | Approx ₹660.72 Crores |
| Offer for Sale: | Approx 1,46,01,846 Equity Shares |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Turtlemint Fintech IPO Review & Key Points
- Review: Neutral
Turtlemint Fintech IPO Market Lot
The Turtlemint Fintech IPO minimum market lot is 98 shares with ₹14,896 application amount. The retail investors can apply up-to 13 lots with 1,274 shares of ₹1,93,648 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 98 | ₹14,896 |
| Retail Maximum | 13 | 1,274 | ₹1,93,648 |
| S-HNI Minimum | 14 | 1,372 | ₹2,08,544 |
| S-HNI Maximum | 67 | 6,566 | ₹9,98,032 |
| B-HNI Minimum | 68 | 6,664 | ₹10,12,928 |
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
| Anchor Bidding Date | June 18, 2026 |
| Anchor Investors List | |
| Shares Offered | 2,61,31,680 Shares |
| Anchor Size | 397.20 Cr. |
| lock-in period end date 50% shares (30 Days) | July 24, 2026 |
| lock-in period end date 50% shares (90 Days) | Sep 22, 2026 |
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; | ₹25.64 |
| Salary expenditure towards the technology and product development teams of the Company; | ₹193.04 |
| Expenditure towards marketing initiatives by the Company; | ₹39.07 |
| 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 | ₹22.21 |
| 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 | ₹20.87 |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ₹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ₹- |
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 ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹460.11 | ₹748.30 | ₹288.18 | ₹900.37 |
| 2024 | ₹119.12 | ₹312.47 | ₹193.35 | ₹612.55 |
| 2025 | ₹693.21 | ₹882.57 | ₹194.11 | ₹578.69 |
| Dec 2025 | ₹748.91 | ₹881.37 | ₹187.39 | ₹467.14 |
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): | ₹(7.33) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (47.29%) |
| Net Asset Value (NAV): | ₹7,768.02 |
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 – Sahar, 4B,
1st Floor, A Wing, Marol Vill
Andheri (East),
Mumbai, Maharashtra, 400099
Phone: 1800 266 0101
Email: [email protected]
Website: https://www.turtlemintinsurance.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Turtlemint Fintech IPO FAQs
What is Turtlemint Fintech IPO?
When Turtlemint Fintech IPO will open for subscription?
What is Turtlemint Fintech IPO Investors Portion?
How to Apply the Turtlemint Fintech IPO?
What is Turtlemint Fintech IPO Issue Size?
What is Turtlemint Fintech IPO Price Band?
What is Turtlemint Fintech IPO Lot Size?
What is the Turtlemint Fintech IPO Allotment Date?
What is the Turtlemint Fintech IPO Listing Date?
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).
