Turtlemint Fintech Solutions Ltd

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.