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Open
19 Jun 2026
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Close
23 Jun 2026
3
Allotment
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Listing
Mon, Jun 29, 2026
Price Band
₹144 to ₹152
Issue Size
5,80,70,398 shares (agg. up to ₹883 Cr)
Lot Size
98 Shares
Listing Date
Mon, Jun 29, 2026
Latest GMP
₹-5
Est. Gain
-3.29%
✦ AI Insight
GMP Trend
29-06-2026₹-5Est. ₹147-3.29%
28-06-2026₹-5Est. ₹147-3.29%
27-06-2026₹-5Est. ₹147-3.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.17x |
Restated Financials (₹ Cr.)
| Period Ended | 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 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pine Labs Ltd. | Mainboard | ₹3,899.91 Cr | ₹221 | -160.13 | ₹250.89 | +13.52% | ₹169.55 |
| Seshaasai Technologies Ltd. | Mainboard | ₹813.07 Cr | ₹423 | 28.63 | ₹411.45 | -2.73% | ₹383.35 |
| Finbud Financial Services Ltd. | SME | ₹71.68 Cr | ₹142 | 23.4 | ₹164.85 | +16.09% | ₹132.10 |
Objects of the Issue
| # | 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 |
About Turtlemint Fintech Solutions IPO
Updated on Aug 6, 2026
Contact Details
Turtlemint Fintech Solutions Ltd. AddressThe ORB Sahar, 4B1st Floor, A Wing, Marol VillAndheri (East)Mumbai, Maharashtra, 4000991800 266 0101support@turtlemint.comVisit Website