Shares of Turtlemint Fintech Solutions Ltd. are set to make their stock market debut on Jun 29, 2026, listing on NSE and BSE.
IPO Journey: From Subscription to Listing
The Initial Public Offering (IPO) of Turtlemint Fintech Solutions Ltd. aggregating to ₹882.67 cr, opened for bidding on Jun 19, 2026 and closed on Jun 23, 2026. The issue was priced at ₹152.00 per share. During the bidding period, the IPO received bids for 3.95 crore shares against 5.81 crore shares on offer, resulting in a 0.68 times subscription.
Listing Details
- Exchange: NSE and BSE
- Listing Date: Jun 29, 2026
- BSE Code: 544799
- NSE Symbol: TURTLEMINT
- NSE Listing Group: EQ
Key IPO Details and Subscription
The Turtlemint Fintech Solutions IPO was offered through fresh issue of 4.35 crore shares worth ₹660.72 cr and an offer for sale of 1.46 crore shares worth ₹221.95 cr.
The subscription performance across categories was as follows:
- Retail Investors: Subscribed 1.11x times
- Non-Institutional Investors (NIIs): Subscribed 0.55x times
- Qualified Institutional Buyers (QIBs): Subscribed 1.63x times
Fund Utilization
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure towards cloud and server related infrastructure of the Company | 25.64 |
| 2 | Salary expenditure towards the technology and product development teams of the Company | 193.04 |
| 3 | Expenditure towards marketing initiatives by the Company | 39.07 |
| 4 | 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 |
| 5 | 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 |
| 6 | Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | 128.64 |
| 7 | Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | 151.24 |
| 8 | Issue Expenses | 80.01 |
| Total | 660.72 |
Book-Running Lead Manager : ICICI Securities Ltd.
Registrar: Kfin Technologies Ltd.
With its shares now trading on NSE and BSE, Turtlemint Fintech Solutions Ltd. embarks on a new phase of growth, capturing the attention of both investors and market enthusiasts.
