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IPO-Synopsis
Turtlemint Fintech Solutions Ltd
Initial public offering of 58,070,398 equity shares of face value of Rs. 1 each (the "Equity Shares") of Turtlemint Fintech Solutions Limited ("Company" or "Issuer") for cash at a price of Rs. 152 per equity share including a share premium of Rs. 151 per equity share (the "Offer Price") aggregating to Rs. 882.67 Crores (the "Offer") comprising a fresh issue of 43,468,552 equity shares of face value of Rs. 1 each aggregating to Rs. 660.72 Crores (the "Fresh Issue") and an offer for sale of 14,601,846 equity shares of face value of Rs. 1 each aggregating to Rs. 221.95 Crores (the "Offer For Sale") consisting of 4,323,218 equity shares aggregating to Rs. 65.71 Crores by the promoter selling shareholders (as defined hereinafter), up to 9,745,181 equity shares aggregating to Rs. 148.13 Crores by investor selling shareholders (as defined hereinafter) and up to 533,447 equity shares aggregating to Rs. 8.11 Crores by individual selling shareholders (as defined hereinafter) (collectively, the "Selling Shareholders" and such equity shares, the "Offered Shares"). The company, in consultation with the brlms, may consider a pre-ipo placement aggregating up to Rs.132.14 crores, as may be permitted under applicable law, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended ("scrr"). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 152 per equity share of face value of Rs. 1 each. The floor price 152 times the face value of the equity shares, respectively. Bids can be made for a minimum of 98 equity shares of face value of Rs. 1 each and in multiples of 98 equity shares of face value of Rs. 1 each thereafter.
Issue
Opens On Closes On
19-Jun-26 23-Jun-26
Money Payable On
Application Allotment
152.00 0.00
Minimum Application for shares in Nos : 98 Further Multiples of : 98
Cr Lead Managers to the Issue
Project Cost (.Cr) 580.71 ICICI Securities Limited
Project Financed through Current Offer (.Cr) 882.67  
Post Issue Equity Share Capital (.Cr) 29.45
Issue Price () 152.00
Projects
Expenditure towards cloud and server related infrastructure of the Company
Sa lary expenditure towards the technology and product development teams of its Company
Ex penditure towards marketing initiatives by the Company
Ex penditure towards lease payments for existing properties of the Company and our wholly owned Subsidiary
In vestment in our wholly owned Subsidiary, TIB, for funding its working capital requirements
General Corporate Purpose
Promoted By
Anand Rohidas Prabhudesai
Dhirendra Nalin Mahyavanshi
Listing At
BSE
NSE
Registrar to the Issue
KFin Technologies Ltd

DJIA 52219.26
322.15 0.62%
S&P 500 7463.83
88.81 1.20%
HANG SENG 23026.69
354.82 1.57%
NIKKEI 225 70280.54
812.43 1.17%
FTSE 100 10501.14
-6.88 -0.07%
NIFTY 23887.75
-58.50 -0.24%
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