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Turtlemint Fintech Solutions Ltd

Registered Office: The ORB Sahar 4 & 4A 1st Floor,A Wing Marol Village Andheri-E, Mumbai - 400099, Maharashtra, India.
Phone : 022 6837 7400   Fax:
Email :  companysecretary@turtlemint.com  
Website :  www.turtlemint.com

Initial public offering of up to 58,070,267 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. 144-152 per equity share including a share premium of Rs. 143-151 per equity share (the "Offer Price") aggregating up to Rs. 870.99-882.67 Crores (the "Offer") comprising a fresh issue of 43,468,421 equity shares of face value of Rs.1/- each aggregating up to Rs. 660.72 Crores (the "Fresh Issue") and an offer for sale of up to 14,601,846 equity shares of face value of Rs. 1 each aggregating up to Rs. 221.95 Crores (the "Offer For Sale") consisting of up to 4,323,218 equity shares aggregating up to Rs. 65.71 Crores by the promoter selling shareholders (as defined hereinafter), up to 9,745,181 equity shares aggregating up to Rs. 148.13 Crores by investor selling shareholders (as defined hereinafter) and up to 533,447 equity shares aggregating up 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. 144 to Rs. 152 per equity share of face value of Rs. 1 each. The floor price and the cap price are 144 times and 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 Money Payable On
Opens On Closes On Application Allotment
19-Jun-26 23-Jun-26 144.00-152.00 0.00-0.00
Minimum Application for shares in Nos : 98   Further Multiples of : 98
  Rs Cr Lead Managers to the Issue
Project Cost 0.00 ICICI Securities Limited
Project Financed through Current Offer 870.99  
Post Issue Equity Share Capital 0.00  
Issue Price 144.00  

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

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