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Issue Open Date
|
19-Jun-26
|
|
|
|
Issue Closing Date
|
23-Jun-26
|
|
|
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Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
144
-
152
|
|
|
|
Minimium Application No.
|
98
|
|
|
|
Issue Size (Shares)
|
32901878
|
|
|
|
Market Lot
|
1.00
|
|
|
|
|
|
|
Objective
|
|
|
|
1. Expenditure towards cloud and server related infrastructure of our Company;2. Salary expenditure towards the technology and product development teams of our Company;3. Expenditure towards marketing initiatives by our Company;4. Expenditure towards lease payments for existing properties of our Company and our wholly ownedSubsidiary, TIB;5. Investment in our wholly owned Subsidiary, TIB, for funding its working capital requirements; and6. Funding inorganic growth through unidentified acquisitions and strategic initiatives and generalcorporate purposes.
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Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
9072797
|
4760840
|
0.52
|
|
Qualified Institutional Buyers
|
17780550
|
28332486
|
1.59
|
|
Retail Individual Investors
|
6048531
|
6454378
|
1.07
|
|
|
|
|
Business Description
|
|
|
| Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors andinsurers. In 2015, Turtlemint became the first to adopt the point-of-sale person (“PoSP”) distribution model andalso has the largest certified PoSP netw |
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more... |
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Promoter's Holding
|
|
|
|
Total Share Capital
|
43232178
|
|
|
|
Offered to Public
|
32901878
|
|
|
|
Promoter's Holding (Pre-Issue)
|
80.97
|
|
|
|
Promoter's Holding (Post-Issue)
|
13.21
|
|
|
|
|
|
|
|
|
|
|
|
Address |
The Orb Sahar 4 And 4 A
1st Floor
A Wing
Marol Village
Andheri (East)
Mumbai
,
Maharashtra
,
400099
Phone:
022 68387400
Email:
companysecretary@turtlemint.com
Website:
www.turtlemint.com
|
|
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|
Registrar |
KFIN Technologies Ltd.
301
The Centrium
3rd Floor
57
Lal Bahadur Shastri Road
Nav Pada
Kurla (West)
Mumbai
|
|
|
|
Listed at |
|
BSE, NSE
|
|
|
|
Lead Manager |
ICICI Securities Ltd
Jefferies India Pvt Ltd.
JM Financial Ltd.
Motilal Oswal Investment Advisors Pvt Ltd
|
|
|
|
Promoters |
Anand Rohidas Prabhudesai
Dhirendra Nalin Mahyavanshi
|
|
