Issue Price
₹152
Per Share
GMP
NIL
Grey Market
Est. Listing
₹152
Expected Price
Min. Application
₹29,792
2 lots × 98 shares
Founded in 2015, Turtlemint Fintech is a tech-enabled platform, connecting insuracen advisors, customers and insurance company for offering insurance products, including health insurance, life insurance, motor insurance, etc.The platform allows users to compare various types of insurance to help them buy the right plan.It also offers access to other products like mutual funds, and personal loans.
Turtlemint Fintech Solutions Lt proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 47,042,603 | — | ₹715.05 Cr | 1.30x |
| NII / HNI | 4,755,450 | — | ₹72.28 Cr | 0.55x |
| Retail (RII) | 6,272,345 | — | ₹95.34 Cr | 1.09x |
| TOTAL | 58,070,398 | 100.00% | ₹882.67 Cr | 1.17x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,896 |
| Retail (Max) | 13 | 1,274 | ₹193,648 |
| sNII (Min) | 14 | 1,372 | ₹208,544 |
| bNII (Min) | 68 | 6,664 | ₹1,012,928 |
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 748.91 | 693.21 | 119.12 |
| EBITDA | 81.58 | 82.43 | N/A |
| Profit After Tax (PAT) | -187.39 | -194.11 | -193.35 |
| Net Worth | 295.68 | 410.46 | 563.80 |
| Total Assets | 467.14 | 578.69 | 612.55 |
| Reserves & Surplus | 288.77 | 408.88 | 562.22 |
| Total Borrowings | N/A | 0.00 | 0.00 |