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
✓
Open
Jun 19, 2026
✓
Close
Jun 23, 2026
✓
Allotment
Jun 24, 2026
✓
Refund
Jun 25, 2026
✓
Demat
Jun 25, 2026
✓
Listing
Jun 29, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Turtlemint Fintech displays an established operational footprint with expanding revenue streams (37.8% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (37.8% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at -35.7%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
🎯 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 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 420.00 Cr | Rs 79.00 Cr | Rs 663.00 Cr | Rs 1,098.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -288.00 Cr | Rs -193.00 Cr | Rs -194.00 Cr | Rs -184.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs -314.00 Cr | Rs -211.00 Cr | Rs -188.00 Cr | Rs -130.00 Cr |
| Borrowings (₹ Cr) | Rs 28.00 Cr | Rs 21.00 Cr | Rs 28.00 Cr | Rs 20.00 Cr |
| Total Assets (₹ Cr) | Rs 900.00 Cr | Rs 613.00 Cr | Rs 556.00 Cr | Rs 450.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | -35.70% | -35.70% | -35.70% | -35.70% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Equity
0.07
📋 Live Subscription Status
QIB
1.59x
NII
0.54x
Retail
1.07x
Total
1.20x
🎯 Retail Allotment Probability
93.5% Odds
1 in 1.1 chance (~93.5% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:31 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹883.0 Cr
Issue Size
Fresh (74.8%)
OFS (25.2%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 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.