Turtlemint Fintech Solutions Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹-3(-1.97%)
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The Initial Public Offering of Turtlemint Fintech Solutions Limited's culminated in its successful listing on Jun 29, 2026 at the NSE, BSE trading platform. The company secured 5,80,70,398 Shares through this capital market exercise, with 4,34,68,552 Shares allocated to new capital formation and ₹221.95 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹144 to ₹152, with minimum investment requirements of 98 shares. The subscription period from Jun 19, 2026 to Jun 23, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jun 24, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2015, Turtlemint Fintech is a technology-enabled platform that connects insurance advisors, customers, and insurance companies to offer a variety of insurance products such as health, life, and motor insurance. The platform allows users to easily compare different insurance plans and choose the most suitable option based on their needs. In addition to insurance products, the platform also provides access to financial services like mutual funds and personal loans, helping customers manage multiple financial requirements through a single platform.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Focus on Financial Inclusion: Primarily serves underserved and low-income customer segments, creating a strong niche in microfinance and retail banking.
- Diversified Lending Portfolio: Offers microfinance, commercial vehicle, affordable housing, and small business loans, reducing dependence on a single segment.
- Expanding Digital Banking Presence: Continuous investment in digital channels and branch expansion supports customer acquisition and operational efficiency.
- Asset Quality Risk: Any increase in loan defaults or non-performing assets (NPAs) can impact profitability and financial performance.
- Dependence on Microfinance Customers: Economic stress in lower-income customer segments may affect repayment capacity and loan growth.
- Highly Competitive Banking Sector: Faces competition from small finance banks, private banks, NBFCs, and fintech companies
- Anand Rohidas Prabhudesai
- Dhirendra Nalin Mahyavanshi
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