Turtlemint IPO IPO
Turtlemint IPO IPO Details
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Open Date
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Close Date
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Listing Date
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- IPO Price Range
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- IPO Size
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- Listing Exchange
BSE NSE
Turtlemint IPO IPO Timeline
Last Updated: 09 February 2026 2:20 PM by krishika_vyas
Turtlemint Fintech Solutions Limited, operates a technology-led insurance distribution platform in India. Promoted by Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, it connects customers, advisors and insurers through proprietary digital platforms. The company pioneered the PoSP model, building a large certified network, and distributes insurance, mutual funds and credit products under an asset-light, commission-based model.
Established in: 2015
Managing Director: Dhirendra Nalin Mahyavanshi
Peers: PB Fintech Limited
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 419.9 | 78.64 | 662.71 |
| EBITDA | -119.00 | 144.00 | 333.00 |
| PAT | -487.94 | 64.41 | 353.16 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 900.37 | 612.55 | 578.69 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Liabilities | 156.92 | 48.75 | 168.23 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -285.92 | -241.67 | -215.81 |
| Net Cash Generated From / (used in) Investing Activities | -579.32 | 247.79 | 235.23 |
| Net Cash Generated From / (used in) Financing Activities | 902.68 | -9.65 | -14.74 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 37.45 | -3.53 | 4.68 |
Strength
1. Technology-led scalable digital insurance distribution platform
2. Large certified PoSP advisor network nationwide
3. Strong partnerships with multiple insurers and partners
4. Asset-light model with commission-based revenues
Weaknesses
1. Dependence on PoSP productivity and engagement levels
2. Exposure to regulatory and compliance changes
3. Limited control over insurer commission structures
4. High competition impacting pricing and margins
Opportunities
1. Rising insurance penetration across Indian retail markets
2. Growing adoption of digital insurance distribution platforms
3. Expansion into adjacent financial products distribution
4. Data analytics enhancing customer targeting and efficiency
Threats
1. Evolving IRDAI regulations increasing compliance costs
2. Insurers strengthening direct-to-consumer digital channels
3. Intense competition from incumbents and tech-led players
4. POSP retention challenges affecting business continuity
1. Operates in fast-growing digital insurance market
2. Scalable asset-light business model with technology focus
3. Extensive PoSP network driving nationwide reach
4. Diversified product offerings across insurance segments
Turtlemint Fintech Solutions operates within India’s rapidly expanding digital insurance distribution industry, supported by rising insurance awareness, increasing internet penetration and favourable demographics. Regulatory push towards transparency and digital adoption is reshaping the sector. The company’s technology-led, asset-light model and extensive PoSP network position it well to capture growth from underpenetrated insurance segments and expanding demand for integrated financial protection solutions.
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FAQs
The official opening and closing dates for the Turtlemint Fintech Solutions IPO have not been announced yet. Keep checking this page for the most up-to-date information as soon as the schedule is confirmed.
Turtlemint Fintech Solutions has not officially disclosed the size of its IPO. For the latest updates on issue size and other key details, continue to track this page regularly.
The price band for the Turtlemint Fintech Solutions IPO is yet to be finalised. Once the company files its RHP and receives regulatory clearance, we’ll update this page with the confirmed details.
Once the Turtlemint Fintech Solutions IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Turtlemint Fintech Solutions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Turtlemint Fintech Solutions IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
While the official lot size is yet to be declared, based on recent mainboard IPO trends, the minimum investment is likely to range between ₹14,000 to ₹15,000. Stay tuned to this page for confirmation.
The allotment date has not been announced yet. We will update this section as soon as the final schedule is made available. Keep tracking this page for timely information.
The listing date for the Turtlemint Fintech Solutions IPO will be known after the issue closes and allotments are finalised. Bookmark this page to receive the latest listing updates as soon as they are published.
The lead book runner for this issue is yet to be announced. Check this page for updates as soon as merchant bankers are formally announced.
While the final objectives will be outlined in the Red Herring Prospectus (RHP), the IPO is likely aimed at strengthening Turtlemint Fintech Solutions platform, expanding operations, and possibly reducing debt. Keep checking this space for an official breakdown once the RHP is filed.