T

Turtlemint Fintech Solutions Ltd.

LISTED

Mainboard

GMP-

Subscription1.2×Overall

Min. Investment₹14,1121 lot × 98 shares

IPO Details

Issue Size₹882.67 Cr

Price Band₹144 – ₹152Per equity share

Lot Size98 SharesMin 1 lot (Retail)

Face Value₹1 / sharePaid-up equity

Total Shares5.81 CrOffered to public

Market Cap₹3,815.36 CrAt upper price band

QIB Quota30%Qualified Inst. Buyers

Retail Quota10%Non-inst. investors

IPO Timeline

Issue Opens19 Jun 2026

IPO subscription begins

Issue Closes23 Jun 2026

Last day to apply

Basis of Allotment24 Jun 2026

Allotment finalization

Listing Date29 Jun 2026

Trading begins on BSE & NSE

About & Business

Background
Industry
Promoters

Our Company was incorporated as “Fintech Blue Solutions Private Limited” on April 7, 2015, as a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai. Subsequently, pursuant to a resolution passed by our Board on April 23, 2025, and a special resolution passed by our Shareholders on April 29, 2025, the name of our Company was changed to “Turtlemint Fintech Solutions Private Limited” and a fresh certificate of incorporation dated May 13, 2025, was issued by the Central Processing Centre, Manesar (“CPC”). Our Company was subsequently converted into a public limited company pursuant to a resolution passed by our Board on May 17, 2025 and a special resolution passed by our Shareholders on May 23, 2025 and accordingly, the name of our Company was changed to “Turtlemint Fintech Solutions Limited”, and a fresh certificate of incorporation dated June 5, 2025 was issued by the CPC.

Major Events & Milestones

2015

Our Company was incorporated as Fintech Blue Solutions Private Limited

2017

Launch of TurtlemintPro, our digital platform partner

2019

Onboarded more than 73,000 digital partners

Launch of Turtlemint Money, our mutual fund platform

2020

Launch of Turtlefin, our content and enterprise platform

2022

Onboarded more than 109,000 digital partners

2024

Acquired Turtlemint Insurance Broking Services Private Limited

2025

Onboarded more than 19,000 digital partners

Objectives of the Issue

01Expenditure towards cloud and server related infrastructure of our Company
02Salary expenditure towards the technology and product development teams of our Company
03Expenditure towards marketing initiatives by our Company
04Expenditure towards lease payments for existing properties of our Company and our wholly owned Subsidiary
05Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements
06Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes

Agencies & Documents

Book Running Lead Managers (BRLMs)

JM Financial Ltd.
Motilal Oswal Financial Services Limited
ICICI SECURITIES LTD
Jefferies India Pvt. Ltd.

Registrar to the Issue

KFin Technologies Ltd.67162222

IPO CalculatorListed

Price Band144 – 152Cut-off: ₹152 per share

Closes23 Jun 20265:00 PM IST

Select Lots

1

Shares98 shares

Price per share₹152 (cut-off)

Total Investment₹14,896

Subscription Status

1.2× Overall

Category	Subscribed	Shares Offered
Retail Individual Investors	1.07×	60,48,531
Non Institutional Investors	0.52×	90,72,797
Qualified Institutional Buyers	1.59×	1,77,80,550

Last updated: 23 Jun 2026, 10:04 AM IST