Mumbai: Turtlemint Fintech Solutions Limited is set to open its Initial Public Offering (Turtlemint Fintech IPO) for subscription on Friday, June 19, 2026, with the company fixing the price band at ₹144 to ₹152 per equity share.
The Turtlemint Fintech IPO comprises a fresh issue of equity shares aggregating up to ₹6,607.22 million (₹660.72 crore) along with an offer for sale of up to 14,601,846 equity shares of face value ₹1 each.
The price band of Turtlemint Fintech has been fixed at ₹144 to ₹152 per equity share, making the floor price 144 times and the cap price 152 times the face value of ₹1 per share.
The anchor investor bidding date has been scheduled for Thursday, June 18, 2026, while the public issue will open for subscription on Friday, June 19, 2026, and close on Tuesday, June 23, 2026.
Investors can place bids for a minimum of 98 equity shares and in multiples of 98 equity shares thereafter, constituting the minimum bid lot for the issue.
The Turtlemint Fintech IPO consists of a fresh issue of equity shares valued at up to ₹6,607.22 million (₹660.72 crore) and an offer for sale of up to 14,601,846 equity shares with a face value of ₹1 each.
The company proposes to list its equity shares on BSE Limited and the National Stock Exchange of India Limited (NSE). For the purpose of the offer, NSE has been designated as the designated stock exchange.
ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are acting as the Book Running Lead Managers (BRLMs) to the issue.
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The offer (Turtlemint Fintech IPO) is being made under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules (SCRR) read with Regulation 31 of the SEBI ICDR Regulations through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations.
Under the allocation structure, at least 75% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs) on a proportionate basis.
The company, in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis in accordance with SEBI ICDR Regulations.
Of the Anchor Investor Portion, 33.33% will be reserved for domestic Mutual Funds, while 6.67% will be reserved for Life Insurance Companies and Pension Funds, subject to valid bids being received at or above the allocation price.
In the event of under-subscription or non-allocation in the Anchor Investor Portion, the remaining equity shares will be transferred to the Net QIB Portion.
