Turtlemint Fintech Solutions Limited IPO
Financial Technology (Fintech) · DRHP 28 Jan 2026 · RHP 15 Jun 2026 · listed 29 Jun 2026
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- Issue price
- ₹152.00
- band ₹144.00 to ₹152.00
- Fresh issue
- ₹660.7 cr
- plus any offer for sale
- Lot
- 98 shares
- ₹14,896 at the top of the band
- Subscription window
- 19 Jun to 23 Jun
- 2026
- Listing
- 29 Jun 2026
- NSE
- Subscribed
- 0.7x
- retail 0.6x
About the Turtlemint Fintech Solutions IPO
Turtlemint Fintech Solutions Limited raised money through a mainboard IPO on NSE and BSE: a fresh issue of ₹661 crore.
Bidding ran Fri 19 Jun to Tue 23 Jun, at an issue price of ₹152 a share, in lots of 98 shares. The shares listed on 29 Jun 2026.
The book-running lead managers are ICICI Securities Limited, Jefferies India Private Limited and JM Financial Limited. The registrar, which handles allotment, is KFin Technologies Limited.
The issue was subscribed 0.71 times overall, with the retail portion at 0.62 times, as the exchange's bid book showed.
The draft offer document was filed on 28 Jan 2026, and the red herring prospectus on 15 Jun 2026.
newboard writes its studies from the offer document before an issue lists, and this one listed without one. The figures on this page are the exchange's and the offer document's, each with its source.
Turtlemint Fintech Solutions IPO: questions answered
When was the Turtlemint Fintech Solutions IPO open, and what were the price band and lot size?
Bidding ran Fri 19 Jun to Tue 23 Jun. The issue price is ₹152 a share. One lot is 98 shares, ₹14,896 at the upper end of the band.
When did the Turtlemint Fintech Solutions IPO list?
The shares listed on 29 Jun 2026 on NSE and BSE.
How do I check the Turtlemint Fintech Solutions IPO allotment status?
Allotment is finalised by the registrar, KFin Technologies Limited, usually the working day after the issue closes. Check it on the registrar's website or on BSE and NSE with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
The Turtlemint Fintech Solutions IPO allotment status page, with the direct links
Who are the registrar and lead managers of the Turtlemint Fintech Solutions IPO?
The book-running lead managers are ICICI Securities Limited, Jefferies India Private Limited and JM Financial Limited. The registrar, which handles applications and allotment, is KFin Technologies Limited.
How many times was the Turtlemint Fintech Solutions IPO subscribed?
0.71 times overall, as the exchange's bid book last showed: qualified institutions 0.93 times, non-institutional investors 0.4 times and retail 0.62 times.
Is the Turtlemint Fintech Solutions IPO a fresh issue or an offer for sale?
A fresh issue of ₹661 crore, which goes to the company.
What is the Turtlemint Fintech Solutions IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
Where the money went
The monitoring agency's report for the quarter to 30 Jun 2026: each object in the offer document and how much of it had been used by then.
| Object | Proposed, ₹ crore | Used, ₹ crore |
|---|---|---|
| Expenditure towards cloud and server related infrastructure | 25.6 | 0.0 |
| Expenditure towards lease payments for existing properties and our wholly owned Subsidiary, TIB | 43.1 | 0.0 |
| Expenditure towards marketing initiatives | 39.1 | 0.0 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes$ | 151.2 | 0.0 |
| Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements | 128.6 | 0.0 |
| Issue Related Expenses | 80.0 | 0.0 |
| Salary expenditure towards the technology and product development teams | 193.0 | 0.0 |
| Total | 660.7 | 0.0 |
Turtlemint Fintech Solutions IPO: the next step, on Telegram
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Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.
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