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Turtlemint Fintech Solutions Limited
IPO Type:
Mainboard
Status:
Listed
Sector:
Insurtech / Technology-enabled Insurance Distribution / PoSP Platform
Exchange:
NSE & BSE
Turtlemint Fintech Solutions Limited (formerly Fintech Blue Solutions Pvt Ltd, incorporated April 7, 2015) is a technology-enabled insurance distribution platform connecting customers, insurance advisors (certified PoSPs — Point of Solicitation Persons) and insurers through a phygital model. Operates one of India's largest PoSP-based insurance distribution networks with 543,972 digital partners as of FY25. Products span life, health, motor and other insurance lines via 44+ insurer partnerships. Strong B30+ market presence (80% of digital partners outside top 30 cities). Revenue grew from ₹119.12 Cr (FY24) to ₹693.21 Cr (FY25). Company remains loss-making: net loss ₹193.35 Cr (FY24) and ₹194.11 Cr (FY25). IPO proceeds for cloud/server infrastructure, technology development, and general corporate purposes. Closed on a muted note overall (Day 1-2 subdued, GMP crashed near close) but ultimately crossed full subscription on Day 3 thanks to a late QIB surge: QIB ~1.48x, Retail ~86%, NII ~20%.
Issue Size (Cr)
882.67
1.23
x times original subscription
134.9
Listing Price (₹)
Issue Dates
Jun 19–23
Price Band
₹144 to ₹152
Allotment Date
24 June 2026
Listing Date
29 June 2026
Lot Size
98
QIB (times x)
1.48
NII (timex x)
0.2
Retail (times x)
0.86
Min Investment (₹)
14896
Registrar
KFin Technologies Ltd
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