Turtlemint Fintech IPO GMP Today: Last Date To Subscribe; What Analysts Say? Know Allotment, Listing Dates

Turtlemint Fintech Solutions IPO: The last date for bidding in Mumbai-based fintech is on June 23. Turtlemint, who is looking to raise up to Rs 882.67 crore, received slower demand on the first two days of the IPO. By the end of Day 2, the IPO has subscribed to 52% of its total offer. The current grey market premium (GMP) of Turtlemint is indicating a marginal premium listing on BSE and NSE. Turtlemint is expected to list next week.

Turtlemint Fintech Solutions IPO Subscription Status:

As per NSE data, cumulatively Turtlemint Fintech IPO received bids of 1,70,88,162 equity shares, which is 52% of the total IPO size of 3,29,01,878 equity shares.

Turtlemint launched its Rs 882.67 crore IPO on June 19th, which is available till June 23rd for subscription. The IPO will close at 5:30 pm on Tuesday.

The total size comprised of fresh issue worth Rs 660.72 crore and offer for sale up to Rs 221.95 crore. The price band of the IPO is fixed at Rs 144 to Rs 152 per share. In the pre-IPO era, the company's valuation is around Rs 4,476.08 crore. The bidding lot are 98 Equity Shares and in multiples thereof.

Turtlemint Fintech Solutions IPO GMP Today

As per Investor Grain, Turtlemint Fintech Solutions IPO last GMP is ₹2, last updated Jun 23rd 2026 08:58 AM. With the price band of 152.00, Turtlemint Fintech Solutions IPO's estimated listing price is ₹154 (cap price + today's GMP).The expected percentage gain/loss per share is 1.32%.

Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors and insurers.

Should You Subscribe to Turtlemint Fintech Solutions IPO On Last Day?

Analysts at HEMS Securities have recommended a 'Long Term Subscribe' rating on the IPO.

In a note, they said, "Company has strong positioning in the PoSP landscape driving scalable pan-India distribution with a diversified and granular Digital Partner network enabled by tech-driven training. Company has long-term partnerships with multiple Insurer Partners . Company has consistently strong earnings and high digital partner retention drive favourable unit economics and operating leverage along with self-reinforcing flywheels driving strong network and learning effects."

While analysts Bajaj Broking stated that at the upper price band, Turtlemint is valued at Rs 44.76 billion (6.5x FY 25 revenue and 10.9x book value), which appears fair rather than inexpensive for a company that is yet to achieve profitability.

"Overall, the IPO is best suited for investors with a 3-5- year horizon, where returns will depend on the company's ability to convert its scale into sustainable profitability rather than on near - term listing gains," analysts at Bajaj Broking added.

However, SBI Securities has maintained a NEUTRAL stance.

Analysts at SBI Securities highlighted that Turtlemint is a fintech platform relying on its digital partners and insurer partners to distribute insurance and other financial products. It focuses primarily on the B30+ markets (outside the Top 30) in India where insurance penetration is relatively lower as well as require guidance and operational support at the time of purchase of the insurance products.

However, they added, the company is yet to achieve profitability. Operating cash flow is also negative. The company operates in a highly competitive industry that consists of both established offline players and emerging online platforms. The commission structure is also highly regulated which can impact the company's business model.

Accordingly, they said, "At the upper price band of Rs 152, the IPO is valued at 9MFY26 annualized P/S of 4.5x on post issue capital. We assign a Neutral rating to the issue and would like to track the performance of the company for a few quarters post listing."

Turtlemint Fintech Solutions IPO Allotment Date:

Once the IPO closes on June 23, the allotment date is fixed on June 24, 2026. Eligible investors can check their application status on BSE, NSE and Kfin Technologies which is the registrar of the IPO.

After the allotment, the company will identify eligible and non-eligible shareholders. Accordingly, they refund money or credit shares on June 25.

Turtlemint Fintech Solutions IPO Listing Date:

Since June 26th is a market holiday due to Muharram. Turtlemint IPO will list on BSE and NSE on June 29, 2026.

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