Turtlemint Fintech Solutions IPO
IT - Software • ₹882.67 Cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- The company derives a significant portion of its revenue from general insurance companies,…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹152
Lot Size
98 shares
Issue Size
₹882.67 Cr
Open
19 Jun 2026
Close
23 Jun 2026
Subscription
1.17×
IPO Schedule
| Issue Open Date | 19 Jun 2026 |
| Issue Close Date | 23 Jun 2026 |
| Listing Date | 28 Jun 2026 |
About Turtlemint Fintech Solutions
Turtlemint Fintech Solutions Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (digital partners), and insurance companies. The company facilitates the distribution of insurance products across health, life, and motor insurance categories through its digital platform and network of certified Point of Sale Persons (PoSPs). In addition to insurance products, it also offers access to financial products such as mutual funds, loans, credit cards, and deposit products. The company operates through its technology platforms, including Turtlemint Pro for advisors, Turtlemint Academy for training, Turtlefin for enterprise insurance distribution, and OneAPI for embedded insurance solutions. As of December 31, 2025, Turtlemint had partnerships with 45 insurance companies and a network of over 631,000 digital partners across India. The company has a significant presence in non-metro markets and provides digital tools for policy comparison, quote generation, customer management, policy servicing, and claims support.
Company Details
Founders / Promoters
Mr Dhirendra Nalin Mahyavanshi
Founded
2015
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Turtlemint Fintech Solutions — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.6x and elevated disclosed risk (7/10), Turtlemint Fintech Solutions listed at a discount of 11.2% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to operate the largest registered Point of Sale Person (PoSP) distribution network among its peer group as of March 31, 2025 and December 31, 2025. As of December 31, 2025, its netw
- The company has built a significant presence in B30+ markets (areas outside the top 30 cities by population). As of December 31, 2025, around 80.09% of its Digital Partners were based in these markets
- The company claims to have built a diversified network of 631,885 Digital Partners as of December 31, 2025, supported by 81 physical branches and its training platform, Turtlemint Academy. The Digital
- As of December 31, 2025, the company had partnerships with 45 insurance companies, representing approximately 75% of all life and general insurers in India, according to the Redseer Report. This allow
- The company claims to have developed multiple proprietary platforms, including Turtlemint Pro, Turtlemint Academy, Insurance Hub, Turtlefin, OneAPI, and Ninja CRM. These platforms support advisor onbo
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Actual listing outcome → score −1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹152
Listing Price
₹134.9
Listing Gain/Loss
-11.25%
Listing Date
28 Jun 2026
Price Since Listing
Returns are measured against the ₹152 issue price.
Listing
₹134.9
-11.2%
1 Week
₹138.62
-8.8%
1 Month
₹121.84
-19.8%
Current
₹118.84
-21.8%
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FAQ
What is the price band of Turtlemint Fintech Solutions IPO?
The price band is ₹152 per share with a lot size of 98 shares. Minimum investment: ₹14,896.
What does Turtlemint Fintech Solutions do?
Turtlemint Fintech Solutions Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (digital partners), and insurance companies. The company facilitates the distribution of insurance products across health, life, and motor insurance categories through its digital platform and network of certified Point of Sale Persons (PoSPs). In addition to insurance products, it also offers access to financial products such as mutual funds, loans, credit cards, and deposit products. The company operates through its technology platforms, including Turtlemint Pro for advisors, Turtlemint Academy for training, Turtlefin for enterprise insurance distribution, and OneAPI for embedded insurance solutions. As of December 31, 2025, Turtlemint had partnerships with 45 insurance companies and a network of over 631,000 digital partners across India. The company has a significant presence in non-metro markets and provides digital tools for policy comparison, quote generation, customer management, policy servicing, and claims support.
Should I apply for Turtlemint Fintech Solutions IPO?
Turtlemint Fintech Solutions listed at ₹134.9 (-11.2% discount to the ₹152 issue price) after 1.2x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.6x and elevated disclosed risk (7/10), Turtlemint Fintech Solutions listed at a discount of 11.2% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Turtlemint Fintech Solutions?
Turtlemint Fintech Solutions was founded by Mr Dhirendra Nalin Mahyavanshi in 2015.