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The allotment status for the ?882.67 crore Turtlemint Fintech IPO is expected to be announced today, June 24, 2026. Investors will be able to check their IPO allotment status through the official websites of NSE, BSE, and the IPO registrar, KFin Technologies Limited.
Following the completion of the allotment process, the shares are expected to be listed on BSE and NSE on June 29, 2026.
[23 June 2026, 7:00 PM]
|
Category? |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.59x |
|
Non-Institutional Investors (NIIs) |
0.52x |
|
Retail Individual Investors (RIIs) |
1.07x |
|
Total? |
1.20x |
According to media reports, the Grey Market Premium (GMP) of the Turtlemint Fintech Solutions IPO stands at ?0 per share.
Established in 2015, Turtlemint Fintech Solutions operates as a technology-led insurtech platform facilitating connections between insurance providers, advisors, and consumers through its distribution network. As of December 2025, the organisation had built a network of more than 6.3 lakh certified digital partners and partnered with 45 insurance companies, covering over 19,000 pin codes.
The company follows a phygital model, combining digital tools with on-ground advisory support to help partners compare products, generate quotes, manage customer relationships, and assist with claims. Its operations are particularly focused on non-metro and B30+ markets.
Financially, revenue from operations increased to ?662.71 crore in FY25 from ?78.64 crore in FY24, while total income rose to ?693.21 crore from ?119.12 crore. Despite strong growth, the company reported a net loss of ?194.11 crore in FY25, compared with a loss of ?193.35 crore in FY24.
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