Turtlemint Fintech Solutions IPO is set to open on 19 June 2026, with a price band of ₹144 to ₹152 per share and a total issue size of about ₹882.67 crore. The insurtech company, known for its digital insurance distribution platform, is heading to the market with a mix of fresh issue and offer for sale.

Turtlemint Fintech Solutions IPO Details :-

Turtlemint’s public issue includes a fresh issue of ₹660.72 crore and an offer for sale component of about ₹222 crore. The IPO will remain open until 23 June 2026, while listing on BSE and NSE is expected on 29 June 2026.

The company had earlier filed a confidential DRHP with SEBI through the pre-filing route, a process increasingly used by large private companies. The IPO was later moved into the public market phase after regulatory clearance and final issue preparation.

About Turtlemint :-

Turtlemint is an insurtech platform focused on helping users compare and buy insurance products digitally. It also works with a large network of insurers and advisors, which gives it scale across India’s insurance distribution ecosystem.

This business model is important because India’s insurance penetration is still developing, and digital intermediaries can play a larger role in customer acquisition and policy distribution. Turtlemint’s platform-led approach positions it to benefit from growing online insurance adoption.

Issue Structure

The IPO is a book-built issue with a fresh issue plus offer for sale. The fresh issue proceeds are expected to support business expansion and strategic growth, while the OFS allows existing shareholders to partially exit.

The price band has been fixed at ₹144 to ₹152 per share, with a lot size of 98 shares. At the upper end of the band, the company’s market valuation is being discussed at around ₹3,815 crore in some market summaries. Total issue size is ₹883 Cr.

Key Dates Turtlemint :-

Here are the major IPO dates investors should track:

• Anchor bidding: 18 June 2026.
• IPO opening date: 19 June 2026.
• IPO closing date: 23 June 2026.
• Allotment date: 24 June 2026.
• Listing date: 29 June 2026.

Company Financials (Restated Consolidated)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	467.14	578.69	612.55	900.37
Total Income	748.91	693.21	119.12	460.11
Profit After Tax	-187.39	-194.11	-193.35	-288.18
EBITDA	81.58	82.43
NET Worth	295.68	410.46	563.80	743.45
Reserves and Surplus	288.77	408.88	562.22	741.87
Total Borrowing		0.00	0.00	0.00
Amount in ₹ Crore

IPO Objects of the Issue

Sr. No.	Issue Objects	Est Amt (₹ Cr.)
1	Expenditure towards cloud and server related infrastructure of the Company	25.64
2	Salary expenditure towards the technology and product development teams of the Company	193.04
3	Expenditure towards marketing initiatives by the Company	39.07
4	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
5	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
6	Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements	128.64
7	Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes
	Total	429.47

Investment View

For investors, Turtlemint is a story about digital insurance distribution, platform scale, and long-term financial sector digitization. The IPO may attract attention from those tracking fintech and insurtech listings, especially given the company’s established presence and private-market backing

However, like any IPO, the final investment decision should depend on growth prospects, valuation comfort, profitability trends, and broader market conditions. A retail investor should also watch subscription demand and post-issue market sentiment before making a call.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 

• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

1. When will the Turtlemint Fintech Solutions IPO open?
The IPO will open on 19 June 2026 and close on 23 June 2026.

2. What is the price band for the IPO?
The price band is ₹144 to ₹152 per share.

3. What is the issue size?
The total issue size is about ₹882.67 crore.

4. What is the lot size?
The lot size is 98 shares.

5. When will the shares list?
The shares are expected to list on 29 June 2026 on BSE and NSE.

6. What does Turtlemint do?
Turtlemint is an insurtech company that helps customers compare and buy insurance digitally.

7. Is the IPO purely a fresh issue?
No. It includes both a fresh issue and an offer for sale.