On the third and final day of bidding, the IPO of Turtlemint Fintech Solutions was fully subscribed, with overall demand reaching 1.02 times against the 3.29 crore shares on offer. Retail investors subscribed to 87% of their allocated quota, while institutional participation remained relatively stronger. The Qualified Institutional Buyers (QIB) segment saw 1.48x subscription, reflecting solid interest from large investors.
In the grey market, the stock was trading at a modest premium of around 2% over the upper end of the price band, suggesting a muted listing expectation. Based on current GMP trends, the estimated listing price is around Rs 154 per share.
