Turtlemint Fintech Solutions came to market through an IPO that opened on 19 June 2026 and closed on 23 June 2026, and the shares listed on 29 June 2026 on BSE, NSE. The price band was ₹144 to ₹152 per share and one lot was 98 shares, so the minimum application was ₹14,896. The issue size was ₹882.67 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and ICICI Securities Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd were the lead managers.
As of 23 June 2026.
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Founded in 2015, Turtlemint is a tech-enabled insurtech platform connecting insurance advisors, customers, and insurers, offering products across health, life, motor & general insurance.
As described in the offer document.
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Turtlemint Fintech Solutions Limited finalised its anchor investor allocation on June 18, 2026, raising ₹397.20 crore from 32 institutional investors at an anchor price of ₹152 per share, including a share premium of ₹151. The anchor book comprises 2,61,31,680 equity shares, reflecting broad and deep institutional participation across domestic mutual funds, life insurance companies, and foreign portfolio investors.
Of the total anchor allocation, 1,11,06,668 shares (42.50%) were allocated to 7 domestic mutual funds across 12 schemes, with ICICI Prudential Equity & Debt Fund receiving the largest single allocation at 11.27%. Life insurance companies collectively received 35,72,492 shares (13.67%), with participation from ICICI Prudential Life Insurance, Axis Max Life Insurance, and Bajaj Life Insurance. Notable foreign participants include BNP Paribas Financial Markets, Susquehanna Pacific, Societe Generale, Nomura Singapore, and Citigroup Global Markets Mauritius.
The strong and diversified institutional participation across 32 anchor investors signals broad confidence in Turtlemint Fintech's business ahead of the public subscription opening.
Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi. Promoter holding 17.05% before the issue and 13.10% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Turtlemint Fintech Solutions IPO was a ₹882.67 crore book-built issue, comprising a fresh issue of ₹660.72 crore and an offer for sale of ₹221.95 crore. It was priced at ₹144–₹152 per share with a lot size of 98 shares (₹14,896). The IPO was open from June 19 to June 23, 2026 and was subscribed 1.24x. Shares listed on BSE and NSE on June 29, 2026 at ₹134.90, a 11.2% discount to the issue price of ₹152. Kfin Technologies Ltd.
is the registrar. ICICI Securities Ltd. and 3 other book running lead managers manage the issue.
The price band of Turtlemint Fintech Solutions IPO is ₹144 to ₹152 per share.
The lot size of Turtlemint Fintech Solutions IPO is 98 shares.
The minimum investment for Turtlemint Fintech Solutions IPO is approximately ₹14,896 based on the upper price band.
The allotment date of Turtlemint Fintech Solutions IPO is Jun 24, 2026.
Turtlemint Fintech Solutions IPO listed on Jun 29, 2026. It was issued at ₹134.9(NSE) and is currently around ₹52.70 as on 2-Nov-2026 3:30 PM, which is approximately -65.3% versus issue price. The 52-week high is ₹160.00.
You can check Turtlemint Fintech Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Turtlemint Fintech Solutions IPO allotment status on Rupix for quick and easy access.
₹144 to ₹152 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 98 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,896.
₹14,896, for one lot of 98 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 June 2026 and closed on 23 June 2026.
The basis of allotment was published on 24 June 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 June 2026 on BSE, NSE.
The issue size was ₹882.67 crore. The fresh issue was 4,34,68,553 shares (aggregating up to ₹660.72 crore). The offer for sale was 1,46,01,846 shares (aggregating up to ₹221.95 crore).