Founded in 2015, Turtlemint Fintech is a tech-enabled platform, connecting insuracen advisors, customers and insurance company for offering insurance products, including health insurance, life insurance, motor insurance, etc.
The platform allows users to compare various types of insurance to help them buy the right plan.
It also offers access to other products like mutual funds, and personal loans.
| Purpose | Amount (₹ Cr) |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company | ₹26 |
| Salary expenditure towards the technology and product development teams of the Company | ₹193 |
| Expenditure towards marketing initiatives by the Company | ₹39 |
| 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 |
| 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 | ₹21 |
| Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | ₹129 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | — |
| — |
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 467 | 579 | 613 |
| Revenue | 749 | 693 | 119 |
| PAT | -187 | -194 | -193 |
| EBITDA | 82 | 82 | — |
| Net Worth | 296 | 410 | 564 |
| Reserves | 289 | 409 | 562 |
| Total Borrowing | — | 0 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 0.75 | 17,421,119 | 12,981,178 |
| NII / HNI | 0.01 | 8,710,560 | 102,704 |
| Retail (RII) | 0.30 | 5,807,040 | 1,747,046 |
| Total | 0.46 | 31,938,719 | 14,830,928 |
* Amount calculated at upper price band (₹152) · ** Total includes all investor categories
- 1 Initiation of Refund 25 Jun 2026
- 2 Credit of Shares to Demat 25 Jun 2026
- Pre-issue EPS of ₹-8.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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