Turtlemint Fintech IPO GMP and DAY 3 Subscription Status
Turtlemint Fintech IPO will open from 19 June to 23 June 2026. Check the latest GMP, IPO dates, allotment schedule, subscription details, and listing timeline.
Turtlemint Fintech IPO GMP Overview: Turtlemint Fintech IPO will open for subscription from 19 June to 23 June 2026. Turtlemint Fintech allotment is expected on 24 June and shares are likely to be listed on BSE & NSE on 29 June 2026. Price band for Turtlemint Fintech IPO is set between ₹144 to ₹152.
Turtlemint Fintech IPO: Founded in 2015, Turtlemint Fintech is an insurtech platform that offers insurance, mutual funds, and loan products through its digital platform. The company is set to launch its IPO between June 19 and June 23. The IPO is a book-built issue worth ₹882.67 crore and is a combination of a fresh issue and an offer for sale (OFS).
Turtlemint Fintech IPO Subscription Day 3
Overall, Turtlemint Fintech Solutions IPO subscribed 0.46 times on Day 1, as of 5:30 PM.
Overall, Turtlemint Fintech Solutions IPO subscribed 0.54 times on Day 2, as of 7 PM.
|
Date |
QIB (Ex Anchor) |
NII |
Retail |
Total |
|---|---|---|---|---|
|
19 June (Day 1) |
0.75 |
0.01 |
0.30 |
0.46 |
|
22 June (Day 2) |
0.75 |
0.05 |
0.64 |
0.54 |
|
23 June (Day 3) |
1.63 |
0.55 |
1.11 |
1.24 |
Source: NSE, as of 6.30 PM, 23 June
Turtlemint Fintech IPO Details
Here are the key dates and important details investors should know about all upcoming IPO in June.
-
Turtlemint Fintech IPO is worth ₹₹882.67cr and the issue is a combination of fresh issue of ₹660.72 crores and offer for sale of ₹221.95 crores.
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Turtlemint Fintech ipo will open for subscription on 19 Jun 2026 and close on 23 Jun 2026. And the price band is set between ₹₹144 to ₹152
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Turtlemint Fintech IPO’s allotment is likely to take place on 24 Jun 2026 and the shares are expected to be listed on BSE and NSE on 29 June 2026.
-
Promoters currently hold 17.05%, which will come down to 13.10% after the listing.
-
Kfin Technologies is the registrar of the Turtlemint IPO.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
19 Jun 2026 |
|
IPO Close Date |
23 June 2026 |
|
Expected Allotment Date |
24 June 2026 |
|
Expected Listing Date |
29 June 2026 (BSE & NSE) |
|
Price Band |
₹144 to ₹152 per share |
|
Lot Size |
98 shares |
|
Minimum Investment |
₹14,112 |
|
Fresh Issue |
₹660.72 crore |
|
Offer for Sale (OFS) |
₹221.95 crore |
|
Total Issue Size |
₹882.67 crores |
Turtlemint Fintech IPO GMP Today
Turtlemint Fintech IPO GMP today (23 June 2026) stands at ₹2 up, shows 1.32% premium ( as per Investorgain website) in the grey market currently. GMP figures change daily based on market sentiment & demand for the IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in grey market.
Investors should note that GMP is unofficial & not regulated by SEBI. GMP only reflects informal market trends and should not be considered a guaranteed indicator of listing gains.
About Turtlemint Fintech IPO
Founded in 2015, Turtlemint Fintech is an insurtech company that helps people buy insurance and financial products online. The platform offers a range of products, including health insurance, life insurance, car insurance, bike insurance, term insurance, tax-saving plans, mutual funds, and loans.
Turtlemint aims to make insurance and financial planning simpler and more accessible for Indians. Through its platform, users can compare different plans and choose the one that best suits their needs and budget.
Turtlemint Fintech IPO Reservation
For Turtlemint Fintech IPO, 10% of the issue has been reserved for retail investors. The table below shows the allocation across different investor categories.
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
75% |
|
Retail Investors |
10% |
|
NII (HNI) Investors |
15% |
Turtlemint Fintech IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 98 shares costing ₹14,896 Maximum investment allowed for retail investors is 13 lots, which totals 1,274 shares and costs ₹1,93,648
|
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 IPO Financial Performance
Its PAT has remained negative over the last three years. You can check all the details.
|
Period Ended |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|---|---|---|---|
|
Revenue from Ops (₹ Cr) |
662.71 |
78.64 |
419.92 |
|
Total Income (₹ Cr) |
693.21 |
119.12 |
460.11 |
|
EBITDA (₹ Cr) |
82.43 |
- |
- |
|
EBITDA Margin (%) |
12.44 |
- |
- |
|
PAT (₹ Cr) |
-194.11 |
-193.35 |
-288.18 |
|
ROE (%) |
- 95.18 |
32.67 |
- |
|
ROCE (%) |
- 59.09 |
44.97 |
- |
|
Debt-to-Equity Ratio |
0.15 |
0.60 |
- |
Source: Turtlemint Fintech IPO RHP
READ ALSO: Advit Jewels IPO GMP
Turtlemint Fintech IPO Peer Comparison from RHP
Here is a comparison between Turtlemint and PB Fintech.
|
Company |
Total Revenue for 2025 (₹ in cr) |
EPS (Diluted, ₹) |
P/E (x) |
|---|---|---|---|
|
Turtlemint Fintech |
662.71 |
-7.33 |
- |
|
PB Fintech |
4977.21 |
7.65 |
202.33 |
As of 31 March 2025