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The Economic Times
The Economic Times
Akash Podishetti

Turtlemint Fintech shares list at 11% discount to IPO price on NSE, BSE

Turtlemint IPO Insurance

Shares of Turtlemint Fintech Solutions made a muted Dalal Street debut on Monday, listing at a sharp discount to their IPO price. The stock opened at Rs 134.90 apiece on the NSE, reflecting an 11.25% discount to the issue price of Rs 152. On the BSE, the shares debuted at Rs 136.20, a 10.39% discount to the IPO price.

The weak listing was largely in line with expectations in the unlisted market, where the stock commanded a negative grey market premium (GMP) ahead of its debut, indicating investors anticipated a discounted listing.

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