Turtlemint IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ₹882.67 crore Turtlemint IPO entered its final day of bidding on June 23, 2026. The company has fixed a price band of ₹144–₹152 per share. As of 10:10 A.M. on Day 3, the issue was subscribed to 0.53 times.
Meanwhile, the grey market premium (GMP) stood at around 2%, indicating a muted outlook for listing in the unofficial market.
Turtlemint Fintech Solutions Ltd. is a key player in the expanding Indian insurtech market, offering a tech-enabled platform for insurance advisory and distribution.
By linking insurance companies, agents, and consumers, the company's ecosystem streamlines policy acquisition and management while broadening the availability of insurance products.
The IPO is scheduled to close for subscription on 23 June 2026. Allotment of shares is likely to be finalised on June 24, 2026, and the company's shares are expected to be listed on the NSE and BSE on June 29, 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
Minimum Investment Amount: ₹14,896 per lot (based on upper band)
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 3 Subscription Status
[23 June 2026, 10:10 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.73x |
|
Non-Institutional Investors (NIIs) |
0.05x |
|
Retail Individual Investors (RIIs) |
0.66x |
|
Total |
0.53x |
Turtlemint Fintech Solutions IPO GMP
According to media reports, the Turtlemint IPO was commanding a Grey Market Premium (GMP) of around 2% over its issue price today.
About Turtlemint Fintech Solutions Limited
Established in 2015, Turtlemint Fintech Solutions operates as a technology-led insurtech platform facilitating connections between insurance providers, advisors, and consumers through its distribution network.
By December 2025, the organisation had built a network of more than 6.3 lakh certified digital partners and established collaborations with 45 insurance firms, covering over 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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