Turtlemint Fintech Solutions
OPENIPO Date: 19 Jun - 23 Jun 2026
Listing Date: 29 Jun 2026
Price Range
Rs.144 - Rs.152
Issue Size
883 Cr
Min Investment
₹14,112
Lot Size
98 Shares
Schedule of Turtlemint Fintech Solutions
Issue open date
19 Jun 2026
Issue close date
23 Jun 2026
UPI mandate deadline
23 Jun 2026 (5 PM)
Allotment finalization
24 Jun 2026
Share credit
25 Jun 2026
Listing date
29 Jun 2026
Mandate end date
8 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 883 Cr |
| Fresh Issue | 660.72 Cr |
| Offer for Sale | 221.95 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 24 Jun 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 21 Jun 2026 | ₹152 | ₹2 | ₹154 (1.32%) |
| 20 Jun 2026 | ₹152 | ₹2 | ₹154 (1.64%) |
| 18 Jun 2026 | ₹152 | ₹2 | ₹154 (1.48%) |
| 17 Jun 2026 | ₹152 | ₹2 | ₹154 (1.32%) |
| 16 Jun 2026 | ₹152 | ₹6 | ₹158 (3.95%) |
| 15 Jun 2026 | ₹152 | ₹0 | ₹152 (0%) |
Performance Turtlemint Fintech Solutions
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.144 - Rs.152 | .... | .... | .... |
About Turtlemint Fintech Solutions
Turtlemint Fintech Solutions Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (digital partners), and insurance companies. The company facilitates the distribution of insurance products across health, life, and motor insurance categories through its digital platform and network of certified Point of Sale Persons (PoSPs). In addition to insurance products, it also offers access to financial products such as mutual funds, loans, credit cards, and deposit products. The company operates through its technology platforms, including Turtlemint Pro for advisors, Turtlemint Academy for training, Turtlefin for enterprise insurance distribution, and OneAPI for embedded insurance solutions. As of December 31, 2025, Turtlemint had partnerships with 45 insurance companies and a network of over 631,000 digital partners across India. The company has a significant presence in non-metro markets and provides digital tools for policy comparison, quote generation, customer management, policy servicing, and claims support.
| Founded in | 2015 |
| Managing director | Mr Dhirendra Nalin Mahyavanshi |
| Parent organization |
Financial Overview
Strengths
- Strong presence in the PoSP ecosystem with a technology-driven insurance distribution platform.
- Large and diversified network of Digital Partners supported by training and engagement programs.
- Long-term relationships with multiple insurer partners across insurance product categories.
- Asset-light business model that enables scalable operations across India.
- Proprietary technology platform that supports end-to-end distribution of insurance and financial products.
Risks
- A majority of revenue comes from general insurance products, especially motor insurance.
- The business depends heavily on attracting, retaining and managing Digital Partners.
- Revenue is concentrated among a limited number of insurer partners.
- Regulatory changes in insurance and financial services could affect business operations and revenue.
- Cybersecurity breaches, data leaks or technology failures could adversely impact the business.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |