Turtlemint Fintech
Price Band
₹144 - ₹152
Lot Size
98 Shares
Issue Size
₹883.00 Cr
Fresh Issue
₹660.72 Cr
OFS
₹222.28 Cr
Registrar
AI Sentiment Score
Listing Price
₹134.90
vs Issue: ₹152 (-11.25%)
📅 IPO Timeline
1
Open
TBD
2
Close
TBD
✓
Allotment
Jun 24
✓
Refund
Jun 25
✓
Demat
Jun 25
✓
Listing
Jun 29
✨ AI Analysis & Prediction
-0.5%
predicted listing gain
The prediction is adjusted downward due to consistent net losses over the last three fiscal years and a neutral review. Despite high revenue growth in 2025, the lack of institutional subscription data and negative PAT margins create a risk-averse listing environment.
💪 Strengths
- Rapid revenue growth from ₹119.12 Cr in 2024 to ₹693.21 Cr in 2025
- Comprehensive product suite including insurance, mutual funds, and loans
⚠️ Weaknesses
- Consistent net losses over multiple years
- Negative Return on Net Worth (RoNW) of 47.29%
🚀 Opportunities
- Expansion of digital insurance penetration in the Indian market
- Scaling technology and product development teams with fresh IPO funds
🛡️ Threats
- Intense competition from other established fintech and insurtech players
- Sustainability of high growth rates without achieving profitability
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company; | ₹25.64 |
| Salary expenditure towards the technology and product development teams of the Company; | ₹193.04 |
| Expenditure towards marketing initiatives by the Company; | ₹39.07 |
| Expenditure towards lease payments for existing properties of the Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by the Company | ₹22.21 |
| Expenditure towards lease payments for existing properties of thr Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by wholly owned Subsidiary, TIB | ₹20.87 |
| Investment in the wholly owned Subsidiary, TIB, for funding its working capital requirements; and | ₹128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes. | ₹453.53 |
📊 Key Financials
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 460.11 | 119.12 | 693.21 | 748.91 |
| PAT (₹ Cr) | 288.18 | 193.35 | 194.11 | 187.39 |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.