ListedMainboard

Turtlemint Fintech Solutions Limited

TURTLEMINT19 Jun 2026 – 23 Jun 2026INE0OC301013
On listing day it
we hold no exchange bar dated on the listing date
Since then, against the issue price
-13.7%
₹131.17 on 21 Sept 2026

Against an issue price of ₹152. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹152
final issue price
Issue size
Lot size
98 sh
₹14,896 a lot
Listed on
29 Jun 2026
NSE
Now trading as TURTLEMINT — see its filed financials and price history →
Notes

Turtlemint Fintech Solutions Limited was a mainboard initial public offer.

The book was open from 19 June 2026 to 23 June 2026.

The issue was priced at ₹152 a share, from a band of ₹144 to ₹152.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

31 anchor investors were allotted shares before the book opened, worth ₹396 crore.

The shares listed on 29 June 2026.

The last official close on file is ₹131 (21 September 2026), which is 13.7% below the issue price.

It now trades as TURTLEMINT, and its filed financials are on its company page.

How it has done since listing
NSE close · 21 Sept 2026
Issue price
₹152
final issue price
Listing-day move
Now vs issue price
-13.7%
21 Sept 2026
Since first close

Shares sold in the issue at ₹152 last closed at ₹131.17.

See TURTLEMINT’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Issue price
₹152
face value ₹1
Lot size
98 sh
₹14,896 a lot
Registrar
KFin Technologies Limited
Lead managers
  • ICICI Securities Limited
  • Jefferies India Private Limited
  • JM Financial Limited
  • Motilal Oswal Investment Advisors Limited
What happens when
5-day book
  1. Bidding opens19 Jun 2026
  2. Bidding closes23 Jun 2026
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing29 Jun 2026
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Who bought before the book opened
31 investors · ₹396 cr

Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 1 of them are domestic mutual funds; we could not classify 28 of the names either way.

ICICI PRUDENTIAL EQUITY & DEBT FUND₹44.8 cr
BNP PARIBAS FINANCIAL MARKETS - ODI₹31 cr
MIRAE ASSET AGGRESSIVE HYBRID FUND₹29.8 cr
BORDER TO COAST EMERGING MARKETS EQUITY FUND, A SUB FUND OF BORDER TO COAST AUTHORISED CONTRACTUAL SCHEME₹29.8 cr
EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUNDmutual fund₹29.8 cr
AMANSA HOLDINGS PRIVATE LIMITED₹24.8 cr
SUSQUEHANNA PACIFIC PTY LTD₹20 cr
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED₹19.8 cr
TURNAROUND OPPORTUNITIES FUND₹19.7 cr
BANK OF INDIA MID & SMALL CAP EQUITY & DEBT FUND₹17.3 cr
MIRAE ASSET MULTICAP FUND₹14.9 cr
BAJAJ LIFE INSURANCE LIMITED₹14.8 cr
360 ONE HIGH GROWTH COMPANIES FUND₹10 cr
AXIS MAX LIFE INSURANCE LIMITED A/C DIVERSIFIED EQUITY FUND (ULIF02201/01/20LIFEDIVEQF104)₹9.9 cr
SOCIETE GENERALE - ODI₹8.8 cr
ITI BANKING AND FINANCIAL SERVICES FUND₹7.5 cr
BAJAJ FINSERV CONSUMPTION FUND₹5.9 cr
BANDHAN FINANCIAL SERVICES FUND₹5 cr
ASAS GLOBAL FUND INCORPORATED VCC SUB FUND₹5 cr
ASHIKA GLOBAL FINANCE PRIVATE LIMITED₹5 cr
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED₹5 cr
LC PHAROS MULTI STRATEGY FUND VCC- LC PHAROS MULTI STRATEGY FUND SF1₹5 cr
NOMURA SINGAPORE LIMITED₹5 cr
AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND - ULIF02505/10/21SUSTAINEQU104₹4.9 cr
BAJAJ FINSERV BANKING AND FINANCIAL SERVICES FUND₹4.9 cr
AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06/04LIFEBALANC104 - BALANCED FUND₹4 cr
BAJAJ FINSERV HEALTHCARE FUND₹3.9 cr
BAJAJ GENERAL INSURANCE LIMITED₹3.5 cr
ITI BUSINESS CYCLE FUND₹2.5 cr
BANK OF INDIA BANKING & FINANCIAL SERVICES FUND₹2.5 cr
AXIS MAX LIFE INSURANCE LIMITED A/C SMART INNOVATION FUND₹1 cr

From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.

When locked shares come free
computed from ICDR rules
  • Anchor investors — first tranche
    SEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment
    29 Jul 2026
    50% of this tranche
  • Anchor investors — second tranche
    SEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment
    27 Sept 2026
    50% of this tranche
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    29 Dec 2026
    whole tranche releases on this date
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    29 Dec 2027
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
The issuer's chosen peers
202.3x
average of a 202.3x – 202.3x range
Earnings the price leans on

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
₹-7.33
NAV per share
₹7,768.02
Return on net worth
-47.29%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead managers
FirmIssuesTypical listing move
ICICI Securities Limited
20212026
87
12 measurable
+16.0%
Jefferies India Private Limited
20222026
25
4 measurable
+21.1%
JM Financial Limited
20212026
69
16 measurable
+13.3%
Motilal Oswal Investment Advisors Limited
20222026
40
8 measurable
+22.8%
Registrar
FirmIssuesTypical listing move
Kfin Technologies Limited
20212026
126
30 measurable
+7.9%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
5 filed

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.