market Inner Banner
  • BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ticker-arrow
    • ({{d.PerChg}}%)
Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Back
Turtlemint Fintech Solutions Ltd
Registered Office:
The ORB Sahar 4 & 4A 1st Floor,A Wing Marol Village Andheri-E,
Mumbai - 400099,
Maharashtra, India.
Email :  companysecretary@turtlemint.com
Website :  www.turtlemint.com
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
Money Payable On
Opens On
Closes On
Application
Allotment
19-Jun-26
23-Jun-26
152.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 98     Further Multiples of : 98
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
580.71
ICICI Securities Limited
Project Financed
882.67
 
Post Issue
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
Scores
Scores 2.O
Online Dispute Redressal (ODR)
Investor Charter
Invester Complaint
Advisory for Investors
Liquidity Enhancement Scheme
KYC documents in vernacular languages
KYC documents in vernacular languages of commodities
.
Stock Broker Name Registration Number Registered Address Branch Address Contact Number Email id
DB (International) Stock Brokers Limited INZ000179035 (BROKING)

IN-DP-CDSL-266-2004 (DEPOSITORY) 		Unit No. 210/211/211A at 2nd floor, Dalal Street Commercial Cooperative Society Ltd, Block No.53, Zone 5, Gift City, Gandhinagar, Gujarat-382355
51, Mini Market T/F Mandir Wali Gali, Yusaf Sarai, New Delhi 110016 011-35936102 greenpark@dbonline.in
C-12, DB Plaza, RDC Raj Nagar, Ghaziabad 201002 0120-4150393 ghaziabad@dbonline.in
Plot No 4, Wasme House, Film City Sector 16A, Noida – 201301 0120-4823200 compliance@dbonline.in
Out Side Jassusar Gate, Bikaner, Rajasthan – 334001 9001643408 bikaner@dbonline.in
Office No 101, City Center, Opp. High Court, M G Road, Indore 452001 9424083019 brajeshsadani@dbonline.in
203, Marshal House 25, Strand Road, Kolkata 700001 033-40055270 b032@dbonline.in
Shop No.-7, 2nd Floor, Amar Complex, Opp. Hanumaan Mandir, The Mall, Solan- 173212 6230604596 parwanoo@dbonline.in
Daga Commodities Private Limited INZ000028833 114, New Delhi House, 27 Barakhamba Road, Delhi 110001- 0120-4823200 compliance@dbonline.in
Daga Business (International) Stock Brokers (IFSC) Private Limited INZ000202436 Unit No. 228, Signature Building, Second Floor, Block 13B, Zone-1, Gift SEZ, Gandhinagar, Gujarat 382355 - 0120-4823200 compliance@dbonline.in

Disclosure regarding proprietary trading:

As required under Circular No. SEBI/MRD/SE/Cir-42/2003 dated 19.11.2003 issued by the Securities and Exchange Board of India; We hereby disclose that in addition to client based business, We are also doing proprietary trading.

Investor Grievances Email ID: investorgrievance@dbonline.in


Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and Maintained by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)
Attention Investors ::
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries | Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. | Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. | Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month........... Issued in the interest of Investors"