Turtlemint Fintech Solutions IPO Price: ₹144 to ₹152 per share
IPO Dates: 19 to 23 Jun, 2026
Company Overview
Incorporated in 2015, Turtlemint Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers through a phygital (physical + digital) model. The company was among the early adopters of the Point-of-Sale Person (PoSP) distribution model and has built India’s largest certified PoSP network among its peer group.
Business Model
Turtlemint provides a comprehensive platform that enables Digital Partners to compare, recommend, and distribute insurance products from multiple insurers. The platform also supports customer acquisition, policy servicing, claims assistance, training, and lead management.
Product Portfolio & Insurer Network
The company offers access to a wide range of insurance products, including:
- Life Insurance
- Health Insurance
- Motor Insurance
- Other General Insurance Products
These offerings are supported through partnerships with 45 insurer partners.
Scale & Market Reach
Between April 2022 and December 2025, Turtlemint facilitated the distribution of more than 21.87 million insurance policies, generating platform premium exceeding ₹10,066 crore.
The company has expanded its presence across 19,171 pin codes, covering nearly 98% of India’s pin codes.
Digital Partner Network
Turtlemint has built a network of over 6.32 lakh Digital Partners, including more than 5.07 lakh certified PoSPs, supported through its proprietary advisor platform, Turtlemint Pro.
Geographic Presence
The company has a strong presence in India’s B30+ markets (cities beyond the top 30 by population), where more than 80% of its Digital Partners are located.
Technology Platform
Turtlemint leverages AI-driven technology, mobile-first tools, and an extensive physical advisory network to improve insurance accessibility, customer experience, and insurance penetration across India.
Workforce
As of December 31, 2025, the company employed 2,348 permanent employees across sales, technology, product development, and corporate functions.
Key Strengths
- Leading position in India’s PoSP-based insurance distribution ecosystem
- Largest certified Digital Partner and PoSP network among peers
- Partnerships with 45 insurer partners offering a wide product portfolio
- Strong presence in underserved B30+ markets across India
- Scalable technology-driven phygital distribution model
- AI-powered platform supporting customer acquisition, servicing, and claims management
- Strong network effects driven by Digital Partners and insurer relationships
- Consistent growth in platform premium and earnings
- High Digital Partner retention and favorable unit economics
- Experienced promoter-led management team backed by marquee investors
Bidding Starts In
Turtlemint Fintech Solutions IPO Specifics:
| IPO Date | 19 to 23 Jun, 2026 |
| Listing Date | Mon, Jun 29, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹144 to ₹152 |
| Lot Size | 98 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,80,70,398 shares (agg. up to ₹883 Cr) |
| Fresh Issue | 4,34,68,552 shares (agg. up to ₹661 Cr) |
| Offer for Sale | 1,46,01,846 shares of ₹1 (agg. up to ₹222 Cr) |
| Share Holding Pre Issue | 25,10,10,354 shares |
Turtlemint Fintech Solutions IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Fri, Jun 19, 2026 |
| IPO Close | Tue, Jun 23, 2026 |
| Allotment | Wed, Jun 24, 2026 |
| Refund | Thu, Jun 25, 2026 |
| Credit of Shares | Thu, Jun 25, 2026 |
| Listing | Mon, Jun 29, 2026 |
Turtlemint Fintech Solutions IPO Lot Size
Bidders have the opportunity to bid for a minimum of 98 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1,274 | ₹1,93,648 |
| S-HNI (Min) | 14 | 1,372 | ₹2,08,544 |
| S-HNI (Max) | 67 | 6,566 | ₹9,98,032 |
| B-HNI (Min) | 68 | 6,664 | ₹10,12,928 |
Turtlemint Fintech Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer Size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
Turtlemint Fintech Solutions IPO Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 288.77 | 408.88 | 562.22 | 741.87 |
| Total Borrowing | – | 0.00 | 0.00 | 0.00 |
Key Performance Indicator – Turtlemint Fintech Solutions IPO
| KPI | Value |
|---|---|
| ROE | -95.18% |
| ROCE | -59.09% |
| Debt/Equity | 0.15 |
| RoNW | -47.29% |
| EBITDA Margin | 12.44% |
| Price to Book Value | 0.02 |
| EPS (₹) | -7.73 |
| P/E (x) | -19.66 |
| Promoter Holding | 17.05% |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Turtlemint Fintech Solutions IPO RHP
Turtlemint Fintech Solutions IPO DRHP
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