Turtlemint Fintech IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 460.11 | 119.12 | 693.21 | 748.91 |
| Expense | 748.30 | 312.47 | 882.57 | 881.37 |
| Profit (PAT) | 288.18 | 193.35 | 194.11 | 187.39 |
| Total Assets | 900.37 | 612.55 | 578.69 | 467.14 |
Promoters: Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 25,10,10,354 | 17.05% |
| Promoter Holding Post Issue | – | 13.10% |
Strengths & Risks
- Revenue grew 482% in the latest reported year.
- Solid profit margin — 28.0%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Modest return on equity — -47%.
- Promoter stake drops to 13% after the issue.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more. Along with insurance, they also offer Mutual Funds, such as Equity funds, debt funds, liquid funds, balanced funds, and Loans. Their mission is to ensure financial security for every Indian through accessible insurance and investment solutions. Moreover, through the turtlemint platform, users can check the different types of insurance and financial plans to pick the best one.
| Purpose | Amount (Cr) |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company; | - |
| Salary expenditure towards the technology and product development teams of the Company; | - |
| Expenditure towards marketing initiatives by the Company; | - |
| Expenditure towards lease payments for existing properties of the Company and the wholly owned Subsidiary, TIB; | - |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | - |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | - |
Resources & Documents
Turtlemint Fintech Solutions Ltd., The ORB – Sahar, 4B,, 1st Floor, A Wing, Marol Vill, Andheri (East),, Mumbai, Maharashtra, 400099
Turtlemint Fintech has set a price band of Rs 144–Rs 152 per share for an issue size of Rs 883 crore. The stock listed with a 11.25% discount versus its issue price on June 29, 2026.
Founded in 2015, Turtlemint Fintech is one of the leading insurtech (insurance + technology) companies that offers insurance and financial products. It provides various products such as health insurance, life insurance, car insurance, bike insurance, term insurance, investment tax planning, and many more.
The issue is promoted by Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi with ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited acting as lead manager. Net proceeds will primarily be used towards Expenditure towards cloud and server related infrastructure of the Company; and Salary expenditure towards the technology and product development teams of the Company;.
Current grey market activity shows a flat premium, indicating muted unofficial demand, down Rs 15 from the previous session. Final subscription data records overall subscription at 1.20x, retail at 1.06x, QIB at 1.59x, NII at 0.52x.
On fundamentals, the company is posting revenue growth of 481.9%, a profit margin of 28.0%, return on equity of -47.3% in its most recent reported period. Listed peers in this segment include PB Fintech Limited (P/E 218.81x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Turtlemint Fintech IPO GMP — What It Means
The latest grey market premium for Turtlemint Fintech IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Turtlemint Fintech it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Turtlemint Fintech GMP history and trend, or learn how grey market premium works and how reliable it is.
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