Turtlemint IPO Day 1: Check GMP, Subscription Status & Key Highlights
The ₹882.67 crore Turtlemint IPO opened for subscription on 19 June 2026, with the company setting a price band of ₹144-₹152 per share. As of 10:15 A.M. on the first day, the issue had garnered subscriptions of 0.01 times, while the grey market premium (GMP) was hovering around ₹2.25 per share.
Turtlemint Fintech Solutions Limited is a leading player in India's insurtech sector, offering a digital platform that streamlines insurance distribution and advisory services. Through its technology-enabled network, the company connects insurers, agents, brokers, and customers, making insurance products more accessible and simplifying policy management processes.
The public issue will remain open for bidding until Tuesday, 23 June 2026. The allotment of shares is expected to be completed on 24 June 2026, with the stock tentatively scheduled to debut on the NSE and BSE on 29 June 2026.
Turtlemint Fintech Solutions IPO - Issue Details
- Issue Type: Book Building IPO (Fresh Issue + OFS)
- Total Issue size: Agg. up to ₹882.67 crore
- Fresh Issue: Agg. up to ₹660.72 crore
- Offer for sale (OFS): Agg. up to ₹222 crore
- Face Value: ₹ 1 per equity share
- Price Band: ₹144 to ₹152 per share
- Lot Size: 98 shares
- Listing: NSE, BSE
- Book Building Lead Managers: ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited.
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
Turtlemint Fintech Solutions IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
19 June 2026 |
|
Subscription Closing Date |
23 June 2026 |
|
Allotment Date |
24 June 2026 |
|
Refund Date |
25 June 2026 |
|
Credit of Shares |
25 June 2026 |
|
Listing on BSE and NSE |
29 June 2026 |
*Note - The allotment and listing dates are tentative and may be revised.
Turtlemint Fintech Solutions IPO Day 1 Subscription Status
[19 June 2026, 10:30 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors (NIIs) |
0.00 |
|
Retail Individual Investors (RIIs) |
0.07 |
|
Total |
0.01x |
Turtlemint Fintech Solutions IPO GMP
According to media reports, the Grey Market Premium (GMP) of the Turtlemint IPO is ₹2.25 per share today.
About Turtlemint Fintech Solutions Limited
Established in 2015, Turtlemint Fintech Solutions is a digital-first insurance distribution platform that bridges the gap among insurers, advisors, and customers through technology. As a pioneer of India's Point-of-Sale Person (PoSP) model, the company has developed an extensive network of over 6.3 lakh certified digital partners as of December 2025.
The company operates a phygital (physical plus digital) model that combines technology with on-ground insurance advisors. Through its platform, digital partners can compare products, generate quotes, manage customer relationships, assist with claims, and offer insurance products from multiple insurers. Turtlemint has partnered with 45 insurance companies and has a presence across more than 19,000 pin codes, with a significant focus on non-metro and B30+ markets
Turtlemint’s revenue from operations rose to ₹662.71 crore in FY25 from ₹78.64 crore in FY24. For the nine months ended December 31, 2025, revenue from operations stood at ₹741.07 crore. Total income increased to ₹693.21 crore in FY25 from ₹119.12 crore in FY24 and further rose to ₹748.91 crore during the nine-month period ended December 31, 2025. Despite the sharp increase in revenue, the company remained loss-making, reporting a net loss of ₹194.11 crore in FY25 compared with a loss of ₹193.35 crore in FY24. For the nine months ended December 31, 2025, the net loss stood at ₹187.39 crore.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.