Turtlemint Fintech Solutions IPO GMP today is Rs -17.1. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
TURTLEMINT
Turtlemint Fintech Solutions IPO GMP & Allotment
Turtlemint Fintech Solutions is a Mainboard IPO with a price band of Rs 144.00 to Rs 152.00 that listed on 29 Jun 2026 at a listing gain of -11.25%. Track its full GMP history, subscription data and listing details here.
- IPO Price Band
- ₹144.00 - ₹152.00
- Lot Size
- 98 Shares
- Bidding Closes
- 23 Jun 2026
- Listing Date
- 29 Jun 2026
Quick Answer & Highlights
Turtlemint Fintech Solutions IPO GMP Today & Key Takeaways
Last updated: 24 Jun 2026
Turtlemint Fintech Solutions IPO officially listed on 29 Jun 2026 at Rs 134.90, delivering a -11.25% listing gain compared to its issue price of Rs 152.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-17.1.
Turtlemint Fintech Solutions IPO officially listed on 29 Jun 2026 at ₹134.90, delivering a -11.25% listing gain compared to its issue price of ₹152.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-17.1.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹-17.1 | -11.25% vs upper band (24 Jun 2026) |
| Est. Listing Price | ₹134.90 | -11.25% Est. Listing Gain |
| Price Band | ₹144.00 - ₹152.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,896 | 1 Lot (98 Shares) |
| Bidding Window | 19 Jun 2026 – 23 Jun 2026 | Listed |
| Allotment & Listing Dates | Allotment: 24 Jun 2026 | Listing: 29 Jun 2026 |
Current GMP Status
₹-17.1
-11.25% vs upper band
Est. Listing Gain
-11.25%
Last Trend
24 Jun 2026
Listing Price
₹134.90
Retail Entry
₹14,896
IPO Details
Complete IPO information
| IPO Open Date | 19 Jun 2026 |
|---|---|
| IPO Close Date | 23 Jun 2026 |
| IPO Price Band | ₹144.00 - ₹152.00 |
| Lot Size | 98 Shares |
| Current GMP | ₹-17.1 |
| Estimated Listing Gain | -11.25% |
| Issue Size | Approx ₹883 Cr |
| Fresh Issue | Approx ₹660.72 Crores |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 0.54x |
| Minimum Investment | ₹14,896 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Turtlemint Fintech Solutions is priced at ₹152 per share. With a minimum lot size of 98 shares, a retail investor applying for one lot would need approximately ₹14,896 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Turtlemint Fintech Solutions stands at ₹-17.1, implying an estimated listing gain of around -11.25% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Turtlemint Fintech Solutions's IPO was subscribed 0.54x overall, with a category-wise breakdown of Retail 0.64x, QIB 0.75x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
19 Jun 2026
✓
Bidding Closes
23 Jun 2026
✓
Allotment
24 Jun 2026
✓
Listing
29 Jun 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 19 Jun 2026 | Completed |
| Bidding Closes | 23 Jun 2026 | Completed |
| Allotment | 24 Jun 2026 | Completed |
| Listing | 29 Jun 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Jun 2026 | ₹2.00 | - | 1.32% |
| 23 Jun 2026 | ₹2.00 | - | 1.32% |
| 22 Jun 2026 | ₹2.00 | -₹0.30 | 1.32% |
| 19 Jun 2026 | ₹2.30 | - | 1.51% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 98 | ₹14,896 |
| Retail Maximum | 13 Lot | 1,274 | ₹1,93,648 |
| S-HNI Minimum | 14 Lot | 1,372 | ₹2,08,544 |
| S-HNI Maximum | 67 Lot | 6,566 | ₹9,98,032 |
| B-HNI Minimum | 68 Lot | 6,664 | ₹10,12,928 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Turtlemint Fintech IPO Reservation
Turtlemint Fintech has allocated its IPO shares across different investor categories in accordance with regulatory guidelines applicable to book-built public issues. The allocation structure is designed to balance institutional participation with retail investor access.
A substantial portion of the issue has been reserved for Qualified Institutional Buyers (QIBs), while separate quotas have been earmarked for Non-Institutional Investors (NIIs) and retail participants.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | – |
| QIB (Excluding Anchor Portion) | – Shares | 75% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 10% |
Analysis
Turtlemint Fintech IPO Anchor Investors
The anchor investor portion of the Turtlemint Fintech IPO is scheduled to open one day before the public subscription period. Participation from anchor investors often provides an early indication of institutional interest in the issue.
Shares allotted to anchor investors are subject to mandatory lock-in periods as prescribed by market regulations. These restrictions help maintain stability in the stock during the initial months following listing.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 18, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End (50% Shares - 30 Days) | 2026 |
| Lock-in Period End (Remaining 50% Shares - 90 Days) | 2026 |
Analysis
Turtlemint Fintech Solutions IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 19 Jun 2026 |
| IPO Close Date | 23 Jun 2026 |
| Basis of Allotment | 24 Jun 2026 |
| Refunds | 25 Jun 2026 |
| Credit to Demat Account | 25 Jun 2026 |
| IPO Listing Date | 29 Jun 2026 |
Note: The timeline for Turtlemint Fintech Solutions IPO is tentative and subject to change.
Analysis
Turtlemint Fintech IPO Promoters and Holding Pattern
Turtlemint Fintech is promoted by experienced founders who have played a significant role in building the company’s digital insurance and financial services platform. Their leadership has been instrumental in expanding the company’s reach across multiple distribution channels.
Following the public issue, the promoters will continue to retain a meaningful stake in the company, although their shareholding percentage will reduce due to the dilution arising from the fresh issue and public participation.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 25,10,10,354 | 17.05% |
| Promoter Holding Post Issue | – | 13.10% |
Analysis
Turtlemint Fintech Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| Expenditure towards cloud and server related infrastructure of the Company; | ₹25.64 |
| Salary expenditure towards the technology and product development teams of the Company; | ₹193.04 |
| Expenditure towards marketing initiatives by the Company; | ₹39.07 |
| 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 | ₹22.21 |
| 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 | ₹20.87 |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ₹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of Turtlemint Fintech Solutions.
Analysis
Turtlemint Fintech - About IPO
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans.
Their mission is to ensure financial security for every Indian through accessible insurance and investment solutions. Moreover, through the turtlemint platform, users can check the different types of insurance and financial plans to pick the best one.
Analysis
Turtlemint Fintech Solutions Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for Turtlemint Fintech Solutions are in ₹ Crores unless stated otherwise.
Analysis
Turtlemint Fintech Solutions Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | (47.29)% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | (7.33) (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | (47.29%) |
| Net Asset Value (NAV) | 7,768.02 |
Note: Valuation KPIs for Turtlemint Fintech Solutions are computed for FY2026.
Analysis
Turtlemint Fintech Solutions IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for Turtlemint Fintech Solutions are sourced from DRHP filings.
Analysis
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
Comparison
Compare Turtlemint Fintech Solutions IPO with similar IPOs
FAQ
Turtlemint Fintech Solutions IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs -17.1 and an issue price of Rs 152, the estimated listing price for Turtlemint Fintech Solutions IPO is Rs 134.90 (approx -11.25% listing gain). Actual listing price is determined by market demand on the listing day.
Turtlemint Fintech Solutions IPO price band is Rs 144.00 to Rs 152.00. Check the latest issue price, lot size and GMP together before applying.
Turtlemint Fintech Solutions IPO open date is 19 Jun 2026, close date is 23 Jun 2026, and listing date is 29 Jun 2026.
Turtlemint Fintech Solutions IPO lot size is 98 shares. The minimum retail investment is Rs 14,896.
Turtlemint Fintech Solutions is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Turtlemint Fintech Solutions IPO subscription status currently shows Retail 0.64x, QIB 0.75x, Overall 0.54x.
Turtlemint Fintech Solutions IPO issue size is TBA and the expected allotment date is 24 Jun 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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