Turtlemint Fintech Solutions IPO Opens Tomorrow: ₹882.67 Crore Issue, Price Band Fixed At ₹144- ₹152

Mumbai, June 18: Investors will get their first opportunity to bid for the Turtlemint Fintech Solutions IPO from tomorrow, June 19, 2026, as the company launches its much-awaited public issue worth ₹882.67 crore.

The IPO comes at a time when activity in the primary market remains strong, with investors closely tracking new listings across sectors. Turtlemint, known for its technology-led insurance and financial products distribution platform, is looking to tap the capital markets through a combination of fresh fundraising and an offer for sale by existing shareholders.

The issue will remain open for subscription until June 23, 2026, while the company’s shares are scheduled to make their stock market debut on June 29, 2026, subject to the completion of allotment and other formalities.

Price Band Fixed At ₹144- ₹ 152 Per Share

Turtlemint Fintech Solutions has fixed the IPO price band at ₹144 to ₹152 per share.

Investors can place bids within this range during the subscription period. The final issue price will be discovered through the book-building process based on demand received from institutional, non-institutional and retail investors.

₹882.67 Crore IPO Consists of Fresh Issue And OFS

The company plans to raise a total of ₹882.67 crore through the public offering.

The IPO comprises:

• Fresh Issue: 4,34,68,552 equity shares aggregating ₹660.72 crore
• Offer For Sale: 1,46,01,846 equity shares aggregating ₹221.95 crore

The total offer size stands at 5,80,70,398 equity shares.

While the fresh issue proceeds will go to the company, the offer for sale component will allow existing shareholders to partially monetise their holdings.

Retail Investors Can Apply With ₹14,896

The minimum application size has been fixed at 98 shares.

At the upper price band of ₹152 per share, retail investors will need to invest ₹14,896 to apply for one lot.

For larger investors, the minimum application requirements are:

sNII: 1,372 shares worth ₹2,08,544

bNII: 6,664 shares worth ₹10,12,928

IPO Reservation Structure

As per the offer document, the allocation has been divided among investor categories as follows:

• QIBs: Not less than 75% of the offer
• NIIs: Not more than 15% of the offer
• Retail Investors: Not more than 10% of the offer

This allocation structure is typical for mainboard IPOs and ensures participation from institutional as well as retail investors.

Important Dates Investors Should Know

Those planning to participate in the issue should keep the following dates in mind:

• IPO Opens: June 19, 2026
• IPO Closes: June 23, 2026
• Tentative Allotment: June 24, 2026
• Refunds/UPI Unblocking: June 25, 2026
• Credit Of Shares: June 25, 2026
• Tentative Listing Date: June 29, 2026

About Turtlemint Fintech Solutions

Turtlemint Fintech Solutions operates in the digital insurance and financial services ecosystem. The company provides technology-driven platforms that help customers access insurance products while enabling advisors and distributors to manage sales and customer relationships more efficiently.

Its platform connects consumers, insurance advisors and product providers, making insurance distribution more accessible through digital channels.

Conclusion

With subscription opening tomorrow, Turtlemint Fintech Solutions IPO is set to become one of the key public issues in the market over the next few days. Investors evaluating the offer will be watching the subscription response closely as bidding begins on June 19, while the company’s fintech-focused business model and sizeable issue size are likely to keep it in focus throughout the subscription period.

Source:

• https://www.icicisecurities.com/console/uploads/actual/TURTLEMINT-FINTECH-SOLUTIONS-LIMITED—RHP_1781540751_81.pdf