Turtlemint Fintech IPO To Open On June 19: Key Details Investors Should Know

Turtlemint Fintech IPO To Open On June 19: Key Details Investors Should Know

Turtlemint Fintech Solutions Ltd. is gearing up to open its Initial Public Offering (IPO) on 19 June 2026. The issue will remain open for subscription until 23 June 2026. The shares are set to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 29 June 2026.

The table below shows key IPO dates.

IPO Structure

The Securities and Exchange Board of India (SEBI) approved the Turtlemint Fintech Solutions IPO on 10 December 2025. The IPO comprises of a fresh issue of up to ₹660.72 crore and an offer for sale (OFS) of up to 2,86,08,992 equity shares of face value of ₹1 each. The total issue size, price band and lot size are yet to be announced officially.

In terms of investor allocation:

• Qualified Institutional Buyers (QIBs) have reserved 75% of the issue

• Non-Institutional Investors (NIIs) get 15%

• Retail investors are allocated the remaining 10%

The pre-issue shareholding of the company stands at 24,97,76,474 shares. The promoters of the company are Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, who together hold a pre-IPO promoter stake of 17.05%.

How The IPO Will Be Managed

The IPO is being managed by four lead managers, namely ICICI Securities, Jefferies India, JM Financial, and Motilal Oswal Investment Advisors. KFin Technologies has been appointed as the registrar for the issue.

Investors can apply through Applications Supported by Blocked Amount (ASBA) via net banking or through the UPI route via their stock brokers.

Objective Of The Issue

The fresh issue proceeds are planned to be used across several areas. These include cloud and server infrastructure spending, salaries for technology and product development teams, marketing initiatives, lease payments for existing properties, working capital funding for its wholly owned subsidiary TIB, and inorganic growth through acquisitions and strategic initiatives.

About The Company

Founded in 2015 and headquartered in Andheri East, Mumbai, Turtlemint Fintech is a technology-driven platform that connects insurance advisors, customers, and insurance companies. It allows users to compare and purchase different insurance products such as health, life, and motor insurance. It also helps access mutual funds and personal loans. The company’s vision is to offer financial security to every Indian through accessible insurance and investment products.

On key financial metrics, the return on net worth stood at negative 47.29% as of 31 March 2025 and negative 37.93% as of 30 September 2025. The basic EPS for the pre-IPO period stands at negative ₹7.77. The company has no debt on its books, with total borrowings at zero for all reported periods.

Sources:

IPO Watch

Chittorgarh