31 Mar 2023
Assets900.37
Total Income460.11
Profit After Tax-288.18
NET Worth743.45
Reserves and Surplus741.87
Total Borrowing0.00
At a glance
Updated 2026-08-24Turtlemint Fintech Solutions is a Mainboard IPO with an issue size of ₹882.67 crore, proposed for listing on BSE, NSE. The offer opens on 19th Jun 2026 and closes on 23rd Jun 2026. The issue structure includes a fresh issue of ₹660.72 crore and an offer-for-sale component of ₹221.95 crore. The current listing schedule points to 29th Jun 2026.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹882.67 Cr
Fresh issue₹660.72 Cr
Offer for sale₹221.95 Cr
Face value₹1
Price band₹144.00–₹152.00
Allotment24th Jun 2026
Listing29th Jun 2026
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listing₹147.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Jun 2026
Closes23rd Jun 2026
Allotment24th Jun 2026
Refund25th Jun 2026
Demat25th Jun 2026
Listing29th Jun 2026
Subscription demand
Full bidding ↗Total1.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 98 | ₹14,896 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company | ₹25.64 Cr |
| Salary expenditure towards the technology and product development teams of the Company | ₹193.04 Cr |
| Expenditure towards marketing initiatives by the Company | ₹39.07 Cr |
| 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 Cr |
| 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 Cr |
| Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | ₹128.64 Cr |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | ₹151.24 Cr |
| Issue Expenses | ₹80.01 Cr |
| Total | ₹660.72 Cr |
Financials
Full financials ↗31 Mar 2024
Assets612.55
Total Income119.12
Profit After Tax-193.35
NET Worth563.80
Reserves and Surplus562.22
Total Borrowing0.00
31 Mar 2025
Assets578.69
Total Income693.21
EBITDA82.43
Profit After Tax-194.11
NET Worth410.46
Reserves and Surplus408.88
Total Borrowing0.00
31 Dec 2025
Assets467.14
Total Income748.91
EBITDA81.58
Profit After Tax-187.39
NET Worth295.68
Reserves and Surplus288.77
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|
| ROE | -95.18% | |
| ROCE | -59.09% | |
| Debt / Equity | 0.15% | |
| RoNW | -47.29% | -63.38% |
| EBITDA Margin | 12.44% | 11.01% |
| Price to Book Value | 0.02 | 2.77 |
Valuation & shareholding
Pre-IPO EPS-7.73
Post-IPO EPS-ve
Pre-IPO P/E-19.66
Post-IPO P/E-ve
Promoter holding pre17.05%
Promoter holding post13.10%
Market cap₹4476.08 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company | ₹25.64 Cr |
| Salary expenditure towards the technology and product development teams of the Company | ₹193.04 Cr |
| Expenditure towards marketing initiatives by the Company | ₹39.07 Cr |
| 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 Cr |
| 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 Cr |
| Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | ₹128.64 Cr |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | ₹151.24 Cr |
| Issue Expenses | ₹80.01 Cr |
| Total | ₹660.72 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.