Minimum Investment
About Company
Company Name: Turtlemint Fintech Solutions Limited
Industry / Sector: Insurtech / Financial Technology
Founded Year: 2015
Promoters: Dhirendra Nalin Mahyavanshi, Anand Rohidas Prabhudesai
Turtlemint Fintech Solutions Limited is a technology-driven insurance distribution platform that connects insurance advisors, customers, and insurers. The company offers health, life, motor, and general insurance products through its digital ecosystem and serves one of India's largest advisor networks.
IPO Basic Details
| Company Name | Turtlemint Fintech Solutions Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹144 – ₹152 |
| Lot Size | 98 |
| Total Issue Size | ₹882.67 Cr |
IPO Strengths & Risks
Strengths
- Large digital insurance advisor network
- Strong insurer partnerships
- Technology-driven distribution model
- Pan-India customer reach
- Established insurtech brand
Risks
- Continuing losses in recent financial years
- Highly competitive insurtech sector
- Dependence on insurance partners
- Regulatory changes affecting insurance distribution
IPO Important Dates
| IPO Open Date | 19 Jun 2026 |
| IPO Close Date | 23 Jun 2026 |
| Basis of Allotment | 24 Jun 2026 |
| Refund Initiation | 25 Jun 2026 |
| Demat Credit Date | 25 Jun 2026 |
| Listing Date | 29 Jun 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | 75% |
| Retail Quota | 10% |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 98 | ₹14,896 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 14 lots | 1,372 | ₹2,08,544 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 68 lots | 6,664 | ₹10,12,928 |
Key Performance Indicators (KPI)
| ROE | Negative |
| ROCE | Negative |
| RoNW | - |
| PAT Margin | Negative |
| EBITDA Margin | Negative |
| EPS | - |
| NAV per share | - |
| Debt to Equity | 0.00 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | 472.67 Cr | 469.37 Cr | -125.15 Cr | N/A | 329.95 Cr | 0.00 Cr |
| 31 Mar 2025 | 578.69 Cr | 693.21 Cr | -194.11 Cr | N/A | 410.46 Cr | 0.00 Cr |
| 31 Mar 2024 | 612.55 Cr | 119.12 Cr | -193.35 Cr | N/A | 563.80 Cr | 0.00 Cr |
| 31 Mar 2023 | 900.37 Cr | 460.11 Cr | -288.18 Cr | N/A | 743.45 Cr | 0.00 Cr |
Grey Market Premium
| GMP Price | Check latest market updates |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Jun 2026 |
| Estimated Listing Price | Pending |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: KFin Technologies Limited
Registrar Website: https://www.kfintech.com
IPO Lead Manager(s)
Company Information
Address: The ORB, 4B, 1st Floor, A Wing, Marol Village, Andheri East, Mumbai, Maharashtra 400099
Website: https://www.turtlemint.com
Email: support@turtlemint.com
Phone: 1800 266 0101
IPO Documents
Frequently Asked Questions (FAQ)
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