Turtlemint Fintech Solutions IPO Details, Financials, Valuation & Peers
Explore Turtlemint Fintech Solutions IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Turtlemint Fintech Solutions is a tech-enabled platform established in 2015. Its core business is connecting insurance advisors, customers, and insurance companies to facilitate the offering of insurance products.
The platform's main products and services include a wide range of insurance offerings such as health insurance, life insurance, and motor insurance. Users can compare various insurance types to select the most suitable plan. Additionally, Turtlemint Fintech provides access to other financial products, including mutual funds and personal loans.
The industry focus is on insurance and broader fintech solutions.
Key highlights:
- Founded in 2015
- Connects insurance advisors, customers, and companies
- Enables comparison of insurance products
- Offers access to mutual funds and personal loans
Objects of the Issue
- 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, breakup of which is as follows: Expense by the Company
- Expenditure towards lease payments for existing properties of thr Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by 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 and general corporate purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jun - 23 Jun 2026 |
| IPO Price Band | ₹144 - ₹152 per share |
| Fresh Issue | ₹660.72 crore |
| Offer For Sale | ₹221.95 crore |
| Total IPO Size | ₹882.67 crore |
| Face Value | ₹1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jun 2026 |
| IPO Closing Date | 23 Jun 2026 |
| Basis Of Allotment | 24 Jun 2026 |
| Refunds | 25 Jun 2026 |
| Demat Transfer | 25 Jun 2026 |
| IPO Listing Date | 29 Jun 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Dec 2025 |
|---|---|---|---|---|
| Assets | 900.37 | 612.55 | 578.69 | 467.14 |
| Total Income | 460.11 | 119.12 | 693.21 | 748.91 |
| Profit After Tax | -288.18 | -193.35 | -194.11 | -187.39 |
| EBITDA | 82.43 | 81.58 | ||
| NET Worth | 743.45 | 563.80 | 410.46 | 295.68 |
| Reserves and Surplus | 741.87 | 562.22 | 408.88 | 288.77 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Turtlemint Fintech Solutions Ltd. | -20.74 | -7.33 | -47.29% | 7768.02 |
| PB Fintech | 202.33 | 7.65 | 5.74% | 140.06 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% size |
| Non-Institutional Investor (NII/HNI) | Not more than 15% |
| Retail Individual Investor (RII) | Not more than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.63 |
| Non-Institutional Investor (NII/HNI) | 0.55 |
| Retail Individual Investor (RII) | 1.11 |
| Total | 1.24 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Lead Managers
- 1ICICI Securities Ltd.
- 2JM Financial Ltd.
- 3Motilal Oswal Investment Advisors Ltd.
- 4Jefferies India Pvt.Ltd.
Company Address
Turtlemint Fintech Solutions Ltd.The ORB – Sahar, 4B,
1st Floor, A Wing, Marol Vill
Andheri (East),
Mumbai, – 400099
Website: https://www.turtlemintinsurance.com/
Phone: 1800 266 0101
Email: support@turtlemint.com
FAQs
- What is the issue size of the Turtlemint Fintech Solutions IPO?The Turtlemint Fintech Solutions IPO has an issue size of ₹882.67 crore. This includes a fresh issue of ₹660.72 crore and an offer for sale (OFS) of ₹221.95 crore.
- What is the price band of the Turtlemint Fintech Solutions IPO?The price band for the Turtlemint Fintech Solutions IPO is ₹144 - ₹152 per share.
- What are the bidding dates for the Turtlemint Fintech Solutions IPO?The Turtlemint Fintech Solutions IPO will open for bidding on 19 Jun 2026 and close on 23 Jun 2026.
- What is the allotment date for the Turtlemint Fintech Solutions IPO?The allotment date for the Turtlemint Fintech Solutions IPO is 24 Jun 2026.
- What is the listing date for the Turtlemint Fintech Solutions IPO?The listing date for the Turtlemint Fintech Solutions IPO is 29 Jun 2026.
- What is the Turtlemint Fintech Solutions IPO grey market premium?The grey market premium (GMP) for the Turtlemint Fintech Solutions IPO is currently at ₹0, with an expected listing gain of approximately -3.29%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.