Turtlemint Fintech Solutions Limited, a tech-enabled insurance distribution platform, opens its initial public offering for public subscription on Friday, June 19, 2026. The Rs 882.67 crore book-building issue comprises a fresh issue of Rs 660.72 crore alongside an offer for sale of Rs 222 crore. The price band is set at Rs 144 to Rs 152 per share, with a lot size of 98 shares.
IPO Details
| Parameter | Details |
|---|---|
| Issue Size | Rs 882.67 crore (Fresh Rs 660.72 Cr + OFS Rs 222 Cr) |
| Price Band | Rs 144 — Rs 152 per share |
| Lot Size | 98 shares |
| Face Value | Rs 1 per share |
| Listing On | BSE, NSE |
| Subscription Opens | June 19, 2026 |
| Subscription Closes | June 23, 2026 |
| Listing Date | June 29, 2026 (tentative) |
| Lead Managers | ICICI Securities, Jefferies, JM Financial, Motilal Oswal |
About Turtlemint
Turtlemint is India's largest certified Point-of-Sale Person (PoSP) network in the insurance distribution space. Founded in 2015, the platform connects customers, insurance advisors, and insurers through a technology-driven model. The company has expanded into mutual funds (2021) and loans/deposit products (2024).
According to the Redseer Report, Turtlemint has significantly outpaced the overall retail insurance market growth in terms of gross direct premium income. As of September 2025, it had the largest certified PoSP network among its peer group.
Market Sentiment and GMP
The grey market premium (GMP) for Turtlemint shares is currently indicating modest listing gains of around 4 per cent, suggesting cautious optimism among investors. Analysts attribute the measured response to the competitive insurance broking landscape and the company's path to profitability.
