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
Last unofficial quote before listing
No grey-market quote was reported for this issue before it listed.
Subscription Status
Turtlemint Fintech SolutionsIPO: Overview & Key Facts
Turtlemint Fintech Solutions IPO is a Mainboard issue that listed on NSE, BSE on 29 June 2026. The price band is ₹144–₹152 per equity share, with a market lot of 98 shares. The total issue size is ₹883 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (98 shares), amounting to ₹14,896.
Turtlemint Fintech Solutions IPO GMP & Listing
No grey market premium was reported for Turtlemint Fintech Solutions IPO before it listed. The shares opened at ₹134.9 on listing day, 11.2% below the issue price of ₹152. An absent quote is not in itself a negative signal; many issues see little off-market trading. Read our complete guide to IPO GMP mechanics.
Turtlemint Fintech SolutionsIPO Subscription Status & Demand Analysis
On the latest figures we have, Turtlemint Fintech Solutions IPO was 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, from about 52,935 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Turtlemint Fintech Solutions IPO Allotment & Listing
The registrar for this issue is KFin Technologies Ltd.; the basis of allotment was finalised on 24 June 2026 and the shares listed on 29 June 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹152
Listed At
₹134.9
Current Price
₹135.37
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
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
Market Cap
₹3,815.36 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
- Basis of Allotment
- 24 Jun 2026
- Listing Date
- 29 Jun 2026
Issue Details
- Registrar
- KFin Technologies
- Exchange
- NSE, BSE