Turtlemint Fintech Solutions IPO Details 2026
All About Turtlemint Fintech Solutions IPO:
The Turtlemint Fintech Solutions IPO size is ₹882.67 crore. This total includes a fresh issue of ₹660.72 crore. It includes an offer for sale of ₹221.95 crore. It is a book build issue. The IPO issue opens on June 19, 2026. The issue closes on June 23, 2026. The share allotment is expected on June 24, 2026. The listing date is June 29, 2026. Turtlemint Fintech Solutions Ltd. is based in Mumbai and operates in the FinTech sector. It filed its DRHP on September 5, 2025 and will list its shares on BSE, NSE. Kfin Technologies Ltd. is the registrar. ICICI Securities Ltd. serves as the lead merchant banker for the offer.
IPO Highlights
IPO Reservation and Lot Size
The company has reserved shares for various investor categories. The Retail Shares reservation is 10% (– shares). QIB has 75% (–). Further, the minimum lot size is 98 shares. The anchor investor reservation is –% (– shares). The market maker reservation is –% (–).
IPO Issue Structure
QIB | – (75%) |
| Anchor Investor | – (-%) |
| QIB (Ex. Anchor) | – (-%) |
NII (HNI) | – (15%) |
| bNII > ₹10L | – |
| sNII < ₹10L | – |
Retail | – (10%) |
Market Maker | – |
Total | 5,80,70,398 (100%) |
On July 14, 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.
IPO GMP
The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.
Financial Performance (₹ in Cr)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Income | 748.91 | 693.21 | 119.12 | 460.11 |
| Profit After Tax | -187.39 | -194.11 | -193.35 | -288.18 |
| EBITDA | 81.58 | 82.43 | – | – |
| Net Worth | 295.68 | 410.46 | 563.8 | 743.45 |
| Assets | 467.14 | 578.69 | 612.55 | 900.37 |
| Total Debt | 0 | 0 | 0 | 0 |
Key Performance Indicator
| Particulars | DEc 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| EBITDA Margin (%) | 11.01 | -26.57 | -252.71 | -72.82 |
| PAT Margin (%) | -25.29 | -29.29 | -245.87 | -68.63 |
| EPS (₹) | -7.18 | -7.33 | -7.3 | -11.16 |
| ROE (%) | -63.38 | -47.29 | -34.29 | -38.76 |
| ROCE (%) | – | – | – | – |
| ROA (%) | -40.11 | -33.54 | -32 | -32.01 |
| Debt to Equity (x) | – | – | – | – |
To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus.
Turtlemint Fintech SolutionsSME IPO Review
You must look at the financial position of the company before deciding on the investments. You can read our full review article here.
Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.
IPO Financial Snapshot
Turtlemint Fintech Solutions Company Details
Turtlemint Fintech Solutions Ltd. started its business in 2015. The company operates in the FinTech sector. It provides insurance distribution platform services for the Indian market. Its main office is in Mumbai. It serves millions of customers every year. The firm employs 2,348 workers in various departments. Its leadership team has many years of industry experience.
Main Offerings:
Key Strength:
Company Address: The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai, Maharashtra, 400099
You can contact the company via call or email.
800 266 0101 | support@turtlemint.com
Intermediaries & Key Contacts
Frequently Asked Questions
Turtlemint Fintech Solutions IPO offers 5,80,70,398 equity shares priced between ₹144 and ₹152, opening on June 19, 2026, and closing on June 23, 2026. The total issue size aggregates up to ₹883 crores.
The bidding process begins on June 19, 2026.
Retail investors must buy at least 1 lot of 98 shares (minimum amount is ₹14,896.)
The company will list its shares on BSE, NSE.
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