Turtlemint Fintech IPO Description – Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors (“Digital Partners”) and insurers through a scaled “phygital” model that blends a mobile-first technology stack with an on-ground advisory network. The company was an early adopter of the point-of-sale person (PoSP) distribution framework in 2015 and, as of September 30, 2025, had the largest certified PoSP network among its peer group (Redseer).

The platform’s scale is underpinned by a geographically diversified advisor base: 603,302 Digital Partners were registered as of 30 September 2025, including 4,84,832 PoSPs who have completed mandatory training and certification under applicable IRDAI guidelines. Distribution momentum has been supported by continued onboarding, with 99,178 Digital Partners added in Fiscal 2025 and 59,330 in the six months ended 30 September 2025.

Strategically, Turtlemint is positioned for non-metro penetration: 80.05% of Digital Partners are based in B30+ markets, and these markets contributed 74.79% of Platform Premium distributed in the six months ended 30 September 2025. On the supply side, the company had partnerships with 44 insurers as of 30 September 2025, enabling multi-carrier comparisons and an “unbiased selection” proposition. The platform’s product and operating model emphasise advisor productivity through integrated tools (quotes, CRM, training, marketing and claims support) and ongoing investments in AI to improve scalability and service delivery, particularly in underserved markets. The total number of permanent employees is 2,331 as of 30 September 2025.

Promoters of Turtlemint Fintech – Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi

Turtlemint Fintech IPO Details

Turtlemint Fintech IPO Category Allocation

Turtlemint Fintech Financial Performance

	FY 2023	FY 2024	FY 2025	Q2 FY 2026
Revenue	419.92	78.64	662.71	463.33
Expenses	748.30	312.47	882.57	560.53
Net Income	(288.18)	(193.35)	(194.11)	(125.15)
Margin (%)	(68.63)	(245.87)	(29.29)	(27.01)

Turtlemint Fintech Offer News

Turtlemint Fintech Valuations & Margins

	FY 2023	FY 2024	FY 2025
EPS	(11.16)	(7.30)	(7.33)
PE Ratio	–	–	–
Price/Book Ratio	–	–	–
Current Ratio	–	–	–
Price/Sales Ratio	–	–	–
RONW (%)	(38.76)	(34.29)	(47.29)
NAV	–	–	–
ROCE (%)	–	–	–
EBITDA (%)	–	–	–
Debt/Equity	0.15	0.60	–

Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.

Turtlemint Fintech IPO Anchor Investors

Turtlemint Fintech raises () from anchor investors. Turtlemint Fintech Anchor bid date is ().

Bid Date	Coming soon
Shares Offered	Coming soon
Anchor Portion (INR Cr.)	Coming soon
Anchor lock-in period end date for 50% shares (30 Days)	Coming soon
Anchor lock-in period end date for remaining shares (90 Days)	Coming soon

Turtlemint Fintech Offer Objectives

The company proposes to utilize net proceeds from the issue towards the following objects:

• Expenditure towards cloud and server-related infrastructure of the company – INR 25.64 crore
• Salary expenditure towards the technology and product development teams of the company – INR 193.04 crore
• Expenditure towards marketing initiatives by the company – INR 39.07 crore
• Expenditure towards lease payments for existing properties of the company and its wholly owned subsidiary TIB – INR 43.08 crore
• Investment in its wholly owned Subsidiary, TIB, for funding its working capital requirements – INR 128.64 crore

Turtlemint Fintech IPO GMP Today

Turtlemint Fintech IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.

Turtlemint Fintech IPO Allotment Status

You can check Turtlemint Fintech IPO allotment status on the KFin Technologies website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.

Turtlemint Fintech IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
IPO Listing Date	Coming soon
Opening Price on NSE, BSE	Coming soon
Closing Price on NSE, BSE	Coming soon

Turtlemint Fintech Offer Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi,
Mumbai 400 025 Maharashtra, India
Tel: +91 22 6807 7100
E-mail: [email protected]
Website: www.icicisecurities.com

Turtlemint Fintech Offer Registrar

KFIN TECHNOLOGIES LIMITED
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada,
Kurla (West), Mumbai, Maharashtra 400 070, India
Tel: + 91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com

TURTLEMINT FINTECH SOLUTIONS LIMITED
The ORB Sahar, 4 and 4A, 1st Floor, A wing, Marol Village, Andheri East, Mumbai 400 099, Maharashtra, India
Tel: 022-68387400
Email: [email protected]
Website: www.turtlemint.com

IPO Resources

What is the Turtlemint Fintech offer size?

Turtlemint Fintech offer size is INR NA crores.

What is the Turtlemint Fintech offer price band?

Turtlemint Fintech public offer price is INR NA per share.

What is the lot size of the Turtlemint Fintech IPO?

Turtlemint Fintech offer lot size is NA shares.

What is the Turtlemint Fintech IPO GMP today?

Turtlemint Fintech IPO GMP today is INR NA per share.

What is the Turtlemint Fintech kostak rate today?

Turtlemint Fintech kostak rate today is INR NA per application.

What is the Turtlemint Fintech IPO Subject to Sauda rate today?

Turtlemint Fintech Subject to Sauda rate today is INR NA per application.

Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.