· Mainboard · NSE, BSE
Price Band
₹144–152
Lot Size
98 shares
Issue Size
₹883 Cr
Min. Investment
₹14,896
Indicative, updates through the day
Cap price plus current GMP: ₹152 — arithmetic, not a forecast
Turtlemint Fintech Solutions IPO is a Mainboard issue that listed on NSE, BSE on 29 June 2026. The issue price band is fixed at ₹144–₹152 per equity share with a minimum market lot size of 98 shares, bringing the total issue size to ₹883 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,896.
No meaningful grey market premium is actively quoted for Turtlemint Fintech Solutions IPO at this stage. For a Mainboard issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
As per the latest exchange feeds from BSE and NSE, Turtlemint Fintech Solutions IPO has been subscribed 1.24x overall — with QIB at 1.63x, NII at 0.55x, bNII at 0.54x, sNII at 0.56x, Retail at 1.11x, representing over 52,935 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 98 shares (approx. ₹14,896 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 24 June 2026 and listing completed on 29 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹152
Listed At
₹134.9
Current Price
₹135.37
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.
Turtlemint Fintech Solutions IPO raises ₹397.20 crore from anchor investors. Turtlemint Fintech Solutions IPO Anchor bid date is June 18, 2026.
| 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% |
| 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 |
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
₹3,815Cr.
| 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 |
Turtlemint Fintech Solutions Ltd. Address
KFin Technologies Ltd.