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The Economic Times

Business

Akash Podishetti

Turtlemint Fintech's Rs 883 crore IPO opens for subscription. Check brokerage review, GMP and other details

Turtlemint IPO fintech Insurance

The IPO of insurance distribution platform Turtlemint Fintech Solutions opened for subscription today and will close on June 23. The company's shares were commanding a grey market premium (GMP) of around 2%, indicating a muted listing expectation.

The IPO comprises a fresh issue worth Rs 660.7 crore and an offer for sale (OFS) of Rs 221.9 crore, taking the total issue size to about Rs 883 crore. The price band has been fixed at Rs 144-152 per share.

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