Turtlemint Fintech Solutions IPO is a book-built issue aiming to raise ₹882.67 crore. The issue comprises a fresh issue of 4.35 crore shares aggregating to ₹660.72 crore and an offer for sale of 1.46 crore shares amounting to ₹221.95 crore. The bidding window opened on June 19, 2026, and closed on June 23, 2026, with the IPO allotment expected to be finalised on June 24, 2026. Turtlemint Fintech Solutions is scheduled to list on BSE and NSE on June 29, 2026.
The IPO was priced at ₹144-₹152 per share with a lot size of 98 shares. The public issue received bids for 3,95,47,704 shares against 3,19,38,719 shares on offer, resulting in an overall subscription of 1.24 times. Qualified Institutional Buyers (QIBs) led the response, subscribing 1.63 times their quota, while retail investors subscribed 1.11 times.
Turtlemint Fintech Solutions’ ₹882.67 crore IPO, priced at ₹144-₹152 per share, was subscribed 1.24 times overall. The IPO consists of a fresh issue of 4.35 crore shares aggregating to ₹660.72 crore and an offer for sale of 1.46 crore shares amounting to ₹221.95 crore.
Bidding took place from June 19 to June 23, 2026, with the Turtlemint Fintech Solutions IPO allotment status expected on June 24, 2026. Retail investors subscribed 1.11 times, while QIBs subscribed 1.63 times and the company is expected to list on June 29, 2026.
The table below breaks down the Turtlemint Fintech Solutions IPO share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 43552800 |
| − Anchor Investor Shares Offered | 26131680 |
| − QIB (Ex. Anchor) Shares Offered | 17421120 |
| NII (HNI) Shares Offered | 8710559 |
| − bNII > ₹10L | 5807040 |
| − sNII < ₹10L | 2903519 |
| Retail Shares Offered | 5807039 |
| Total Shares Offered | 58070398 |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 1.63 |
| Non-Institutional Investors (NII) | 0.55 |
| Retail Individual Investors (RII) | 1.11 |
| Total Shares | 1.24 |
Note: The subscription details are as of June 23, 2026
Turtlemint Limited was incorporated in 2015 and operates as a technology-enabled insurance distribution platform. The company connects customers, insurance advisors, known as Digital Partners, and insurers through a phygital model that combines digital technology with physical advisory services. It was among the early adopters of the Point-of-Sale Person (PoSP) distribution model and has built the largest certified PoSP network among its peer group.
The company provides a comprehensive platform that enables Digital Partners to compare, recommend, and distribute insurance products from multiple insurers. Its services cover customer acquisition, policy servicing, claims assistance, training, and lead management. Through partnerships with 45 insurer partners, Turtlemint offers access to life, health, motor, and other insurance products.
Between April 2022 and December 2025, Turtlemint facilitated the distribution of more than 21.87 million insurance policies and generated platform premiums exceeding ₹10,066 crore. The company’s network spans over 19,171 pin codes, covering nearly 98% of India’s pin codes. As of December 31, 2025, it had more than 6.32 lakh Digital Partners, including over 5.07 lakh certified PoSPs supported by its proprietary Turtlemint Pro application.
Turtlemint has established a strong presence in B30+ markets, with more than 80% of its Digital Partners operating beyond India’s top 30 cities by population. The company leverages AI-driven technology, mobile-first tools, and a large advisory network to improve insurance accessibility and customer experience. As of December 31, 2025, it employed 2,348 permanent employees across sales, technology, product development, and corporate functions, supporting its continued expansion across India.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 23, 2026, 6:21 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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