Turtlemint Fintech Solutions IPO

The Turtlemint Fintech Solutions IPO is a book-built issue of Rs 882.67 crore, comprising a fresh issue of 4.35 crore shares worth Rs 660.72 crore and an offer for sale of 1.46 crore shares worth Rs 221.95 crore, opening for subscription from Jun 19 to Jun 23, 2026, with allotment expected on Jun 24, 2026 and a tentative listing on NSE and BSE on Jun 29, 2026. The IPO’s price band is Rs 144 to Rs 152 per share, with a lot size of 98 shares, requiring a minimum retail investment of Rs 14,896, while sNII investors must apply for 14 lots (1,372 shares) amounting to Rs 2,08,544, and bNII investors for 68 lots (6,664 shares) amounting to Rs 10,12,928. ICICI Securities Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar for the issue.

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Turtlemint Fintech Solutions IPO Details

Check out the issue details for Turtlemint Fintech Solutions IPO as disclosed in SEBI.

IPO Price

₹ 152

Price Band

₹ 144 - 152

Issue Size

883.00 Cr.

Issue Type

Book Built

Open

2026-06-19

Close

2026-06-23

Listing price

₹ 134.9

Listing Gain

0.00%

Listing Date

2026-06-29

CMP

₹ 136.6

Current Return

-10.13%

Company Financials

You can get the following financial statements of Turtlemint Fintech Solutions as of now.

Turtlemint Fintech Solutions IPO Details

The details about the Turtlemint Fintech Solutions IPO are as follows:

  • The issue size of the IPO is Rs 882.67 Cr.
  • The price band for Turtlemint Fintech Solutions IPO is Rs 144 to Rs 152.
  • The shares of Turtlemint Fintech Solutions IPO will list on BSE and NSE.
  • The latest tentative GMP of Turtlemint Fintech Solutions IPO is Rs 3 .
  • The shares of Turtlemint Fintech Solutions IPO are subscribed 0.46 Times.

 

Turtlemint Fintech Solutions IPO Valuation

The approximate valuation of Turtlemint Fintech Solutions IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 152
Existing Shares (Qty) 25.10 Cr
Fresh Issue Rs 660.72 Cr
Market Cap Rs 4475.92 Cr
EPS (FY25) Rs 7.33
PE Ratio 20.73x
Industry PE 202.33x

 

Turtlemint Fintech Solutions IPO Issue Size

Turtlemint Fintech Solutions IPO issue size is Rs 882.67 Cr.

Issue Amount
Fresh Issue Rs 660.72 Cr
Offer For Sale Rs 221.95 Cr

 

Turtlemint Fintech Solutions IPO Market Lot

An individual can apply for a minimum of 1 lot of 98 shares and a maximum of 13 lots (1,274 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 98 Rs 14,896
Retail Maximum 13 1,274 Rs 1,93,648

 

Turtlemint Fintech Solutions IPO Share Offer

The shares of Turtlemint Fintech Solutions IPO are subscribed 0.46 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

Turtlemint Fintech Solutions IPO GMP (Grey Market Premium)

As on GMP (Tentative)
19 June 2026 Rs 3

Turtlemint Fintech Solutions IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Turtlemint Fintech Solutions Dates

Find below the dates for Turtlemint Fintech Solutions IPO

Schedule Date
Basis of Allotment 24 June 2026
Refunds 25 June 2026
Credit to Demat Account 25 June 2026
IPO Listing Date 29 June 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 417.77 74.06 30.67
Total Expenditure 729.38 286 188.08
Operating Profit -311.61 -211.94 -157.41
Other Income 40.59 41 26.66
Interest 2.26 1.96 1.3
Depreciation 12.27 19.71 22.15
Exceptional Items 0 0 0
Profit Before Tax -285.55 -192.61 -154.2
Provision for Tax 0 0 0
Net Profit -285.55 -192.61 -154.2
Adjusted EPS (Rs.) -5.7 -3.84 -3.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 1.58 1.58 1.58
Total Reserves 747.86 568.91 434.5
Borrowings 0 0 0
Other N/C liabilities 25.27 16.14 15.27
Current liabilities 131.31 32.07 34.94
Total Liabilities 906.01 618.7 486.3
Assets
Net Block 57.2 37.99 18.75
Capital WIP 0 0 0
Intangible WIP 0 0 0
Investments 0.51 0.51 114.72
Loans & Advances 23.3 30.37 8.87
Other N/C Assets 0.45 0.51 0.49
Current Assets 824.56 549.31 343.48
Total Assets 906.01 618.7 486.3
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations -285.55 -192.61 -154.2
Adjustment -16.1 -3.94 10.63
Changes in Assets & Liabilities 20.48 -37.91 -4.1
Tax Paid -1.96 -6.75 15.63
Operating Cash Flow -283.14 -241.21 -132.04
Investing Cash Flow -581.51 247.24 108.13
Financing Cash Flow 902.68 -9.65 1.39
Net Cash Flow 38.03 -3.61 -22.52
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