Turtlemint Fintech Solutions
· Mainboard · NSE, BSE
Price Band
₹144–152
Lot Size
98 shares
Issue Size
₹883 Cr
Min. Investment
₹14,896
Grey Market Premium
Indicative, updates through the day
Estimated listing price: ₹152
Subscription Status
About Turtlemint Fintech Solutions
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.
Issue Objectives
- Expenditure towards cloud and server related infrastructure of the Company
- Salary expenditure towards the technology and product development teams of the Company
- Expenditure towards marketing initiatives by the Company
- 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
- 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
- Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements
- Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes
- Issue Expenses
Anchor Investors
Turtlemint Fintech Solutions IPO raises ₹397.20 crore from anchor investors. Turtlemint Fintech Solutions IPO Anchor bid date is June 18, 2026.📝 Anchor Investors Letter (PDF)
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 4,35,52,800 | 75% |
| − Anchor Investor | 2,61,31,680 | 45% |
| − QIB (Ex. Anchor) | 1,74,21,120 | 30% |
| NII (HNI) | 87,10,559 | 15% |
| − bNII > ₹10L | 58,07,040 | 10% |
| − sNII < ₹10L | 29,03,519 | 5% |
| Retail | 58,07,039 | 10% |
- QIB39.5%
- − Anchor Investor23.7%
- − QIB (Ex. Anchor)15.8%
- NII (HNI)7.9%
- − bNII > ₹10L5.3%
- − sNII < ₹10L2.6%
- Retail5.3%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1274 | ₹1,93,648 |
| S-HNI (Min) | 14 | 1372 | ₹2,08,544 |
| S-HNI (Max) | 67 | 6566 | ₹9,98,032 |
| B-HNI (Min) | 68 | 6664 | ₹10,12,928 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
-7.73
EPS (Post IPO)
-ve
ROE
-63.38%
P/E (Pre IPO)
-19.66
P/E (Post IPO)
-ve
Price / Book
2.77
Market Cap
₹4,476.08 Cr.
Peers Comparison
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Pine Labs Ltd. | -160.13 | ₹3,899.91 Cr | |
| Seshaasai Technologies Ltd. | 28.63 | ₹813.07 Cr | |
| Finbud Financial Services Ltd. | 23.4 | ₹71.68 Cr |
Contact Details
Turtlemint Fintech Solutions Ltd. Address
- 4000991800 266 0
- support@turtlemint.com
- https://www.turtlemintinsurance.com/
Registrar Contact Details
KFin Technologies Ltd.
- +91 40 6716 2222
- einward.ris@kfintech.com
- https://kfintech.com
- Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad – 500032
Frequently Asked Questions
Key Dates
- Open Date
- 19 Jun 2026
- Close Date
- 23 Jun 2026
- Listing Date
- 29 Jun 2026
Issue Details
- Registrar
- KFin Technologies
- Lead Manager(s)
- Exchange
- NSE, BSE