Turtlemint Fintech Solutions’ Initial Public Offer to open on Friday, June, 19, 2026; The floor price is 144 times and the cap price is 152 times of the face value (Rs 1 per share) of the Equity Shares
FinTech BizNews Service
Mumbai, 16 June 2026: Turtlemint Fintech Solutions Limited shall open the Bid/Offer in relation to its initial public offer of Equity Shares on June 19, 2026.
The Price Band of the Offer has been fixed at Rs 144 to Rs 152 per Equity Share.
(L to R) Sonia Dasgupta, JM Financial; Gautam Benjamin, ICICI Securities; Anand Rohidas Prabhudesai, Executive Director and Chief Operating Officer, Turtlemint Fintech Solutions; Dhirendra Nalin Mahyavanshi, Chairperson and Managing Director and Chief Executive Officer, Turtlemint Fintech Solutions; Badrinarayan Sanjeevi, CFO and Head, HR, Turtlemint Fintech Solutions; • Aman Puri, Jefferies India; Jignesh Panchal, Motilal Oswal Financial Services
Bids can be made for a minimum of 98 Equity Shares and in multiples of 98 Equity Shares thereafter.
The initial public offer of Equity Shares of face value of Rs 1 per share comprises of a fresh issue of Equity Shares of up to Rs 6,607.22 million (Rs 660.72 crores) and an offer for sale of up to 14,601,846 Equity Shares of face value of Rs 1 each.
Founded by business & product leaders from ICICI Lombard, Nokia, Yahoo, Turtlemint Fintech Solutions is an insurance technology (insurtech) company with a 500+ member strong technology, product & support team, based out of Mumbai with offices in Pune, Goa and Dubai.
Turtlefin empowers large enterprises like banks and brokers operating in the insurance domain by offering them a comprehensive technology platform for end to end insurance servicing needs of their customers. its products and services help insurance intermediaries digitize insurance sales and services enabling their end consumer to have a modern experience.
The anchor investor bidding date shall be Thursday, June 18, 2026. The Bid/Offer shall open on Friday, June 19, 2026 and close on Tuesday, June 23, 2026.
The Equity Shares are proposed to be listed on the Stock Exchanges, being BSE and National Stock Exchange of India. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.
ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (“BRLMs”).
