Turtlemint Fintech Solutions IPOIPO Timeline
About Turtlemint Fintech Solutions IPO
Turtlemint is a technology-enabled insurance distribution platform that connects customers, insurance advisors, and insurers. It pioneered the Point-of-Sale Person (PoSP) distribution model in India in 2015 and, as of September 30, 2025, operates the largest certified PoSP network among its peers. The company has demonstrated strong growth, significantly outperforming the overall retail insurance market. Between Fiscal 2020 and Fiscal 2025, Turtlemint’s Gross Direct Premium Income (GDPI) growth was approximately three times higher than the combined growth rate of the retail health, retail life, and motor insurance segments. Its Platform Premium increased from ₹6,989 million in Fiscal 2020 to ₹29,459 million in Fiscal 2025, representing a CAGR of 33.34%. From April 2022 to September 2025, Turtlemint facilitated the distribution of 19.68 million insurance policies, generating Platform Premium of over ₹90,249 million. The company has achieved extensive geographic reach, serving 19,153 pin codes, equivalent to nearly 98% of India’s total pin codes. As of September 30, 2025, Turtlemint had onboarded more than 603,000 Digital Partners, including approximately 485,000 certified PoSPs, strengthening its nationwide distribution network.
Turtlemint Fintech Solutions IPO Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Turtlemint Fintech Solutions IPO Financial Status
| Particulars (in Rs. Crores) | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 467.14 | 578.69 | 612.55 | 900.37 |
| Total Income | 748.91 | 693.21 | 119.12 | 460.11 |
| Profit After Tax | -187.39 | -194.11 | -193.35 | -288.18 |
| EBITDA | 81.58 | 82.43 | ||
| Net Worth | 295.68 | 410.46 | 563.80 | 743.45 |
| Reserves and Surplus | 288.77 | 408.88 | 562.22 | 741.87 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
Turtlemint Fintech Solutions IPO SWOT Analysis
Strengths
- Strong positioning in the PoSP landscape driving scalable pan India distribution.
- Diversified and granular Digital Partner network enabled by tech-driven training.
- Self-reinforcing flywheels driving strong network and learning effects.
Risks
- Most of the revenue is derived from general insurance products, particularly motor insurance.
- Turtlemint depends on commissions and fees for most of its revenue.
- The company depends on Digital Partners, and retaining them efficiently is crucial to its business.
- The business has sustained losses and negative cash flows, which may impact its financial position.
Frequently Asked Questions
What is the issue size of Turtlemint Fintech Solutions IPO?
The issue size for Turtlemint Fintech Solutions IPO is ₹883 Cr
What is 'pre-apply' for Turtlemint Fintech Solutions IPO?
You can apply for the Turtlemint Fintech Solutions IPO 2 days before the official subscription period begins using the pre-apply option.
How can I pre-apply for Turtlemint Fintech Solutions IPO?
Pre-applying for the Turtlemint Fintech Solutions IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Turtlemint Fintech Solutions IPO on Religare Broking.
If I pre-apply for Turtlemint Fintech Solutions IPO, when will my order get placed?
Your order will be submitted to the exchange as soon as bidding for Turtlemint Fintech Solutions begins. You will receive a UPI request within 24 hours after the bidding starts.
When will I know if my Turtlemint Fintech Solutions IPO order is placed?
We will notify you when your Turtlemint Fintech Solutions order is placed with the exchange.
What are the open and close dates of the Turtlemint Fintech Solutions IPO?
The open date is 19 Jun’2026 and the closing date is 23 Jun’2026
What is the lot size of the Turtlemint Fintech Solutions IPO?
The lot size of the IPO is 98 shares
What is the price band of the Turtlemint Fintech Solutions IPO?
The price band of the IPO is ₹144 to ₹152 per share
Upcoming IPOs Announced & Expected
Turtlemint Fintech Solutions IPO
Announced
Registrar information
Name
Kfin Technologies Ltd.
Phone number
04067162222, 04079611000
Email ID
turtlemint.ipo@kfintech.com