How to Check Turtlemint Fintech Solutions IPO Allotment Status

Incorporated in 2015, Turtlemint Limited is a technology-enabled insurance distribution platform that connects customers, insurance advisors (Digital Partners), and insurers through a phygital (physical + digital) model. The company was among the first to adopt the Point-of-Sale Person (PoSP) distribution model and has built India's largest certified PoSP network among its peer group.

Turtlemint offers a comprehensive platform enabling Digital Partners to compare, recommend, and distribute insurance products from multiple insurers while managing customer acquisition, policy servicing, claims support, training, and lead management. The platform provides access to life, health, motor, and other insurance products through partnerships with 45 insurer partners. The company has facilitated the distribution of over 21.87 million insurance policies between April 2022 and December 2025, generating platform premium of over ₹10,066 crore across 19,171 pin codes, covering nearly 98% of India's pin codes.

Turtlemint has a network of 6.32 lakh+ Digital Partners, including over 5.07 lakh certified PoSPs, supported by its proprietary advisor app, Turtlemint Pro. Over 80% of its Digital Partners are based in India's B30+ markets. As of December 31, 2025, the company employed 2,348 permanent employees.

Turtlemint Fintech Solutions IPO is a book build issue of ₹882.67 crore, comprising a fresh issue of 4.35 crore shares aggregating to ₹660.72 crore and an offer for sale of 1.46 crore shares aggregating to ₹221.95 crore. The IPO opened on June 19, 2026, and closed on June 23, 2026. The allotment is expected on Wednesday, June 24, 2026. The share price band was set at ₹144 to ₹152 per share.

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Steps to Check Turtlemint Fintech Solutions IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd.
• Select "Turtlemint Fintech Solutions" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Turtlemint Fintech Solutions IPO Allotment Status on BSE & NSE

• Navigate to the BSE IPO Allotment Status Page and NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Turtlemint Fintech Solutions" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Turtlemint Fintech Solutions IPO subscribed 1.23 times overall. Here is the category-wise breakdown as of 4:47:49 PM on June 23, 2026:

Turtlemint Fintech Solutions IPO Subscription Status

• QIB Category (Ex Anchor): 1.63 times
• Non-Institutional Investors (NII): 0.54 times
• Retail Investors: 1.10 times

Turtlemint Fintech Solutions IPO Share Price and Investment Details

The minimum investment required was ₹14,896 for 1 lot (98 shares). The issue raised ₹397.20 crore from anchor investors. The anchor investor lock-in period ends on July 24, 2026 for 50% of shares (30 days) and September 22, 2026 for the remaining shares (90 days). Given the overall subscription of 1.23 times with modest institutional interest at 1.63 times, weak NII participation at 0.54 times, and moderate retail subscription at 1.10 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised for cloud and server related infrastructure expenditure (₹25.64 crore), salary expenditure towards technology and product development teams (₹193.04 crore), marketing initiatives (₹39.07 crore), lease payments for existing properties of the Company (₹22.21 crore), lease payments for existing properties of wholly owned subsidiary TIB (₹20.87 crore), investment in wholly owned subsidiary TIB for funding its working capital requirements (₹128.64 crore), and funding inorganic growth through unidentified acquisitions, strategic initiatives, and general corporate purposes.

Business Overview

Turtlemint Fintech Solutions Limited is a tech-enabled insurance distribution platform enjoying pure leadership in the PoSP segment. It enjoys most preferred partner status in the digital insurance market across the entire insurance spectrum. The company posted losses for the reported periods and thus the issue is priced at a negative P/E. It has a major share in insurance marketing spanning Health, Car, and Life insurance business. With major expenses in place, the company is positioned to enjoy a virtual monopoly with rising new as well as renewal business in coming years, and enjoys a leadership position in the B30+ marketplace.

The company demonstrated financial performance with total income of ₹693.21 crore for FY2025, though it posted a net loss of ₹194.11 crore for the same period. The company benefits from a leading position in India's PoSP-based insurance distribution ecosystem, the largest certified Digital Partner and PoSP network among peers, partnerships with 45 insurer partners, strong presence in underserved B30+ markets, a scalable technology-driven phygital distribution model, and an AI-powered platform supporting customer acquisition, servicing, and claims management. Investors should note the company is loss-making with negative EPS and a negative P/E ratio.

Check the latest IPO allotment status to stay informed.