IPO DRHP Status
| Description | Date |
|---|---|
| Filed with SEBI / Exchange | Friday, September 5, 2025 |
| SEBI / Exchange approval received | Wednesday, December 10, 2025 |
About Turtlemint Fintech Solutions Ltd.
Founded in 2015, Turtlemint Fintech is a tech-enabled platform connecting insurance advisors, customers, and insurance companies for offering insurance products, including health insurance, life insurance, motor insurance, and more.
- Comparison-Led Platform: The platform allows users to compare various types of insurance to help them buy the right plan.
- Beyond Insurance: It also offers access to other products like mutual funds and personal loans.
The company is headquartered at The ORB – Sahar, Andheri (East), Mumbai, Maharashtra. Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi are the company promoters, holding a pre-issue stake of 17.05%.
Company Financials (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | ₹467.14 Cr | ₹578.69 Cr | ₹612.55 Cr | ₹900.37 Cr |
| Total Income | ₹748.91 Cr | ₹693.21 Cr | ₹119.12 Cr | ₹460.11 Cr |
| Profit After Tax | ₹-187.39 Cr | ₹-194.11 Cr | ₹-193.35 Cr | ₹-288.18 Cr |
| Net Worth | ₹295.68 Cr | ₹410.46 Cr | ₹563.80 Cr | ₹743.45 Cr |
| Total Borrowing | ₹0.00 Cr | ₹0.00 Cr | ₹0.00 Cr |
All figures in ₹ Crore | Source: Chittorgarh / DRHP (Restated Consolidated). Figures as reported on the source page.
Key Performance Indicators
Post-IPO EPS and Promoter Holding figures are not yet available on the source page.
Issue Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
Objects of the Issue
| Issue Objects | Est Amt (₹ Cr.) |
|---|---|
| Expenditure towards cloud and server related infrastructure of the Company | 25.64 |
| Salary expenditure towards the technology and product development teams of the Company | 193.04 |
| Expenditure towards marketing initiatives by the Company | 39.07 |
| 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 |
| 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 |
| Investment in wholly owned Subsidiary, TIB, for funding its working capital requirements | 128.64 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes |
Lead Managers & Registrar
Book Running Lead Managers
ICICI Securities Ltd.
Jefferies India Pvt. Ltd.
JM Financial Ltd.
Motilal Oswal Investment Advisors Ltd.
Company Contact Details
Turtlemint Fintech Solutions Ltd.
The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Vill, Andheri (East), Mumbai, Maharashtra, 400099
Phone: 1800 266 0101
Email: [email protected]
