Turtlemint IPO Day 2: The initial public offering (IPO) of Turtlemint Fintech Solutions, a book-built issue worth Rs 882.67 crore, remains in focus as it enters the second day of its three-day subscription window.
Turtlemint Fintech IPO Subscription DataInvestor response has been relatively subdued so far. As of 11:30 am on Day 2, the IPO had been subscribed 48 per cent of the total shares on offer. Demand was primarily driven by Qualified Institutional Buyers (QIBs), while retail investors also contributed modestly to the overall subscription.
The category-wise subscription status is as follows:
Overall, the IPO received bids for 1,59,52,636 shares against 3,29,01,878 shares available for subscription, reflecting a total subscription of 48 per cent as of the latest update.
At the current GMP level, the shares are commanding a premium of just 0.3 per cent over the upper end of the price band. If this premium sustains until listing, the stock is expected to debut at around Rs 152.50 per share.
Turtlemint IPO GMP Trend
However, investors should note that the GMP has been highly volatile in recent days. The IPO’s grey market premium touched a high of Rs 6 per share on June 16 before declining to Rs 3 on June 19, the first day of the subscription period. Since then, the premium has continued to soften and currently stands at approximately Rs 0.50 per share, indicating cautious sentiment among market participants.
The bidding process for the Turtlemint Fintech Solutions IPO commenced on June 19, 2026, and will remain open for subscription until June 23, 2026.
Turtlemint Fintech Lead Manager and Registrar
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
