Turtlemint IPO Day 2: Issue subscribed 49% so far. Check GMP, subscription status, review. Apply or not?
Summary
Turtlemint has opened its IPO and is seeing moderate subscription levels by day 2. The issue is priced at ₹144-152 per share and values the insurtech company at more than ₹4,500 crore. The company plans to use fresh proceeds to strengthen technology infrastructure, fund product and technology staff, support marketing, and back inorganic growth. Investor commentary remains mixed, with supporters pointing to its insurance distribution reach and critics flagging valuation and profitability risks. The shares are scheduled to list on 29 June.
Funding
Amount
$48
Total raised
Date
June 18, 2026
Announcement date
Investors
ICICI Prudential Life Insurance Company, Societe Generale, ICICI Prudential Mutual Fund
Lead investors
Company
turtlemint.com
Funded company
Classifications
industries
Fintech & Banking
applications
Sales and Marketing
AskAI Classifications
Labels
SaaS
Insurtech Software
API Platform
Linked Companies
Turtlemint
$1M to $5M