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Turtlemint IPO Day 2: subscribed 51% so far, QIB portion leads demand

The ₹883-crore public issue, which closes on June 23, received bids for 51% of the shares on offer, while non-institutional investors (NIIs) remained on the side lines

Raccontata dathehindubusinessline.comeconomictimes.indiatimes.com

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economictimes.indiatimes.com1 g fa

Turtlemint Fintech IPO Day 2: Issue subscribed 47%; Check GMP and other key details

Turtlemint IPO hit 47% subscription and 73% QIB demand on Day 2; 1% GMP signals subdued listing. Insurance platform spanning 507K PoSPs earned Rs 662.7 cr FY25 but recorded Rs 194 cr loss, raising profitability concerns despite AI-automation investments.

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thehindubusinessline.com3 g fa

Turtlemint Fintech Solutions IPO: Should You Subscribe?

Turtlemint IPO da ₹883 crore valuta platform ₹4,476 crore con 510k PoSP, TAM $37B→$62-68B FY30. Unprofitable, valuation 5.3x richiede flawless execution. Per manager tech: insurance TAM (CAGR 11-13%) è bullish, modello PoSP defensible, ma breakeven timeline vago—monitor traction first.

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Timeline cronologica

1. sabato 20 giugno 2026·thehindubusinessline.com
   

   Turtlemint Fintech Solutions IPO: Should You Subscribe?

   Turtlemint Fintech Solutions' IPO offers potential but faces financial challenges; investors should assess long-term growth before participating.

2. lunedì 22 giugno 2026·economictimes.indiatimes.com
   

   Turtlemint IPO Live Updates: Turtlemint Fintech Solutions IPO enters day 2 of bidding. Check GMP and brokerage views - The Economic Times

   Turtlemint Fintech Solutions IPO Live Updates: Turtlemint Fintech Solutions has opened its Rs 883 crore initial public offering, with proceeds earmarked for technology upgrades,…

3. lunedì 22 giugno 2026·economictimes.indiatimes.com
   

   Turtlemint Fintech IPO Day 2: Issue subscribed 47%; Check GMP and other key details

   Turtlemint Fintech Solutions IPO: The issue, comprising a fresh issue of ₹660.7 crore and an offer-for-sale of ₹221.9 crore, is priced at ₹144-152 per share and will close for…

4. lunedì 22 giugno 2026·thehindubusinessline.com
   

   Turtlemint IPO Day 2: subscribed 51% so far, QIB portion leads demand

   The ₹883-crore public issue, which closes on June 23, received bids for 51% of the shares on offer, while non-institutional investors (NIIs) remained on the side lines

5. martedì 23 giugno 2026·economictimes.indiatimes.com
   

   Turtlemint Fintech IPO Day 3: GMP, subscription status, brokerage views and key details

   Turtlemint Fintech Solutions IPO entered its final bidding day with muted grey market sentiment and a modest listing expectation. Subscription stood at 52% on Day 2, led by strong…