Turtlemint IPO Day 2: Check GMP, Subscription Status & Key Highlights
The ₹882.67-crore Turtlemint IPO entered its second day of bidding on 22 June 2026. The company has set a price band of ₹144–₹152 per share. As of 10:30 A.M. on Day 2, the issue was subscribed 0.48 times. Meanwhile, the grey market premium (GMP) hovered around 1% over the issue price, indicating a muted listing premium in the unofficial market.
Turtlemint Fintech Solutions Limited operates in India's rapidly growing insurtech space, providing a technology-driven platform that facilitates insurance distribution and advisory services. Its ecosystem connects insurers, intermediaries, and customers, helping improve access to insurance products and enhancing the overall policy purchase and management experience.
The IPO is scheduled to close for subscription on 23 June 2026. Share allotment is likely to be finalised on 24 June 2026, and the company's shares are expected to be listed 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 ₹221.95 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 2 Subscription Status
[22 June 2026, 10:30 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.73x |
|
Non-Institutional Investors (NIIs) |
0.02x |
|
Retail Individual Investors (RIIs) |
0.41x |
|
Total |
0.48x |
Turtlemint Fintech Solutions IPO GMP
According to media reports, the Turtlemint IPO was commanding a Grey Market Premium (GMP) of around 1% over its issue price today.
About Turtlemint Fintech Solutions Limited
Founded in 2015, Turtlemint Fintech Solutions is an insurtech platform that connects insurers, advisors, and customers through a technology-driven insurance distribution network. As of December 2025, the company had over 6.3 lakh certified digital partners and partnerships with 45 insurance companies, with a presence across more than 19,000 pin codes.
The company follows a phygital model, combining digital tools with on-ground advisory support to help partners compare products, generate quotes, manage customer relationships, and assist with claims. Its operations are particularly focused on non-metro and B30+ markets.
Financially, revenue from operations increased to ₹662.71 crore in FY25 from ₹78.64 crore in FY24, while total income rose to ₹693.21 crore from ₹119.12 crore. Despite strong growth, the company reported a net loss of ₹194.11 crore in FY25, compared with a loss of ₹193.35 crore in FY24.
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