Turtlemint Fintech Solutions IPO
Price Band
₹144 – ₹152
Issue Size
₹882.67 Cr
Lot Size
98 shares
Min ₹14,896
Issue Dates
19 Jun – 23 Jun 2026
Listing Date
29 Jun 2026
About Turtlemint Fintech Solutions Ltd.
Turtlemint is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers through a phygital model. The company operates India's largest certified PoSP network among peers and offers life, health, motor, and other insurance products through partnerships with 45 insurers.
IPO Details
| Price Band | ₹144 – ₹152 |
| Face Value | ₹1 |
| Lot Size | 98 shares(Min ₹14,896) |
| Issue Size | ₹882.67 Cr |
| Fresh Issue | ₹660.72 Cr |
| Offer for Sale | ₹221.95 Cr |
| Listed On | Both |
Objects of the Issue
Cloud and server infrastructure, technology and product development expenses, marketing initiatives, lease payments, investment in subsidiary TIB for working capital requirements, inorganic growth opportunities, acquisitions and general corporate purposes.
Key Financial Metrics
EPS (Basic)
₹-7.73
P/E Ratio
-19.66x
ROE
-95.18%
ROCE
-59.09%
Debt / Equity
0.15
Financial Performance
| Particulars (₹ Cr) | FY25 |
|---|---|
| Revenue | 693.21 |
| EBITDA | 82.43 |
| PAT | -194.11 |
| Total Assets | 578.69 |
| Net Worth | 410.46 |
| Total Borrowings | 0 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| Retail (RII) | 98 shares | ₹14,896 | ₹1,93,648 |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 75% | No |
| NII (Non-Institutional Investors) | 15% | No |
| RII (Retail Individual Investors) | 10% | Yes |
Important Dates
Community Discussion
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