Turtlemint IPO to Open on 19 June 2026: Check Latest GMP, Price Band, Timeline, & Key Issue Details

Turtlemint Fintech Solutions Limited is set to open its IPO for public subscription on Friday, 19 June 2026, with the subscription window remaining open through 23 June 2026.

The ₹882.67 crore bookbuilding issue comprises a fresh issue of ₹660.72 crore alongside an offer for sale of 1.46 crore equity shares, with the shares tentatively set to list on both the BSE and NSE on 29 June 2026. The basis of allotment is expected to be finalised on 24 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

Turtlemint Fintech Solutions IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note - The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Turtlemint Fintech Solutions IPO Category-wise Investment Limits

The application size for each category is as follows -

The minimum investment amount for each category, based on the upper price band of ₹152 per share, is as follows -

Utilisation of IPO Proceeds 

The company intends to utilise the net proceeds from the fresh issue towards:

• 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.
• Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements
• Funding inorganic growth through unidentified acquisitions and strategic initiatives
• General corporate purposes

Turtlemint Fintech Solutions IPO GMP Today

According to media reports, the Grey Market Premium (GMP) for Turtlemint Fintech Solutions is ₹0 per share today.

About Turtlemint Fintech Solutions Limited

Founded in 2015, Turtlemint Fintech Solutions is a technology-enabled insurance distribution platform that connects customers, insurance advisors, and insurers through a digital-first ecosystem. The company was among the first players to adopt the Point-of-Sale Person (PoSP) model in India and has built one of the country's largest certified PoSP networks, with over 6.3 lakh 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 reported revenue from operations of ₹700.3 crore in FY25, up 24.1% from ₹564.2 crore in FY24. Total income increased significantly to ₹693.21 crore in FY25 from ₹119.12 crore in FY24, while reaching ₹748.91 crore during the nine months ended December 31, 2025. The company's EBITDA stood at ₹82.43 crore in FY25 and ₹81.58 crore for the nine-month period ended December 2025.

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