Turtlemint Fintech Solutions IPO GMP Surges 3% Ahead of June 19 Opening: Price Band, Lot Size, Key Details

The Turtlemint Fintech Solutions IPO is going to open for subscription on Friday, June 19, and investor interest is already building with the Grey Market Premium showing a 3.29% gain over the upper price band.

Turtlemint Fintech Solutions IPO GMP Today

The Turtlemint Fintech Solutions IPO GMP today stands at Rs. 5 per share as of 1:29 PM, pushing the estimated listing price to Rs. 157 per share, a gain of 3.29% over the upper price band of Rs. 152.

Turtlemint Fintech IPO Details

The Turtlemint Fintech Solutions IPO issue size is Rs. 882.67 crore, structured as a combination of a fresh issue of 4.35 crore equity shares aggregating to Rs. 660.72 crore and an Offer for Sale (OFS) of 1.46 crore equity shares aggregating to Rs. 221.95 crore.

The Turtlemint IPO price band has been set at Rs. 144 to Rs. 152 per share, with a face value of Rs. 1 per share. Book Running Lead Managers for the issue include ICICI Securities, Jefferies India, JM Financial, and Motilal Oswal, with KFin Technologies Ltd serving as the registrar.

Turtlemint Fintech Solutions IPO Dates 2026

The Turtlemint IPO open date is June 19 and it closes on June 23. Basis of allotment is expected to be finalised on June 24, with refunds and ASBA unblocking on June 25. Shares will be credited to demat accounts on June 25. The Turtlemint IPO listing date on both BSE and NSE is tentatively set as June 29.

Turtlemint IPO Lot Size and Minimum Investment

The minimum lot size for Turtlemint IPO is 98 shares, requiring a minimum retail investment of Rs. 14,896 at the upper price band.

Turtlemint IPO Financials

The company is yet to turn profitable. Revenue from operations grew 80.28% year-on-year in the nine months ended December 2025, reaching Rs. 741.07 crore, compared to Rs. 411.07 crore in the same period a year earlier. For the full year FY2025, revenue from operations stood at Rs. 662.71 crore. Net loss for the nine months ended December 2025 was Rs. 187.39 crore, narrowing from Rs. 288.18 crore in FY2023.

About Turtlemint Fintech Solutions

Turtlemint is a technology-enabled insurance distribution platform that connects customers, insurance advisors, and insurers across India. Founded in 2015 and originally incorporated as Fintech Blue Solutions Private Limited, the company adopted the PoSP (Point of Sale Person) distribution model from the outset.