Turtlemint Fintech IPO
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans.
IPO GMP
₹0
+0.00% expected gain
Price Band
₹144 - ₹152
Lot Size
98 shares
Min Investment
₹14,896
Listing Date
June 29, 2026
About Turtlemint Fintech
Company overview, business, and key facts.
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans.
Their mission is to ensure financial security for every Indian through accessible insurance and investment solutions. Moreover, through the turtlemint platform, users can check the different types of insurance and financial plans to pick the best one.
Founded
2015
Headquarters
Mumbai, Maharashtra
Promoters
Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi
Website
https://www.turtlemintinsurance.com/
IPO Details
Strengths & Risks
Strengths
- Effective positioning within PoSP ecosystem: The organization has developed an effective nationwide distribution channel by recruiting advisors, leading to greater coverage and expansion.
- Technology-driven partner network: Technologies for advisor recruitment and management facilitate efficiency improvement and increased productivity.
- Strategic partnerships with insurance companies: Strategic collaboration with multiple insurers provides diversified insurance products and robust distribution channels.
Risks
- A history of high losses and negative cash flow: The company has experienced substantial losses, negative cash flows, lower net worth and negative ratio returns in recent times.
- High exposure to general insurance and motor insurance policies: Most of the revenues come from general insurance companies, especially motor insurance policies, creating exposure risks for the organization.
- Concentration in commission income: Most of the revenues have come from the commission income, rewards, and fees earned from insurer partners and financial service firms.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Turtlemint Fintech IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2025
+481.9%
22.7% a year over the period
Profit growth, 2025
+0.4%
-17.9% a year over the period
Profit margin (PAT)
28%
Issue mix
74.8% fresh / 25.2% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
98 shares on ₹14,896. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 28% in 2025.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: GMP history (fewer than 3 data points), post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of Turtlemint Fintech's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Turtlemint Fintech IPO Review
Analysis based on live GMP, subscription, and issue details.
Turtlemint Fintech IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
Turtlemint Fintech IPO subscription has closed. The shares are expected to list on June 29, 2026.
The minimum investment required is ₹14,896 for 98 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Effective positioning within PoSP ecosystem: The organization has developed an effective nationwide distribution channel by recruiting advisors, leading to greater coverage and expansion.; Technology-driven partner network: Technologies for advisor recruitment and management facilitate efficiency improvement and increased productivity.. Investors should note the following risks: A history of high losses and negative cash flow: The company has experienced substantial losses, negative cash flows, lower net worth and negative ratio returns in recent times.; High exposure to general insurance and motor insurance policies: Most of the revenues come from general insurance companies, especially motor insurance policies, creating exposure risks for the organization..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Turtlemint Fintech IPO — Frequently Asked Questions
What is Turtlemint Fintech IPO GMP today?
Turtlemint Fintech IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0.00%. GMP is indicative and subject to change.
What is the price band of Turtlemint Fintech IPO?
The price band for Turtlemint Fintech IPO is ₹144 - ₹152 with a lot size of 98 shares. The minimum investment required is ₹14,896.
When is Turtlemint Fintech IPO allotment date?
Turtlemint Fintech IPO allotment is expected to be finalised on June 24, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Turtlemint Fintech IPO list on NSE/BSE?
Turtlemint Fintech IPO is expected to list on BSE, NSE on June 29, 2026.
How to check Turtlemint Fintech IPO allotment status?
To check Turtlemint Fintech IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Turtlemint Fintech IPO?
Turtlemint Fintech IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Turtlemint Fintech IPO?
The lot size for Turtlemint Fintech IPO is 98 shares per lot. The minimum investment for retail investors is ₹14,896. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.