IPO GMP Today: Turtlemint Fintech Solutions IPO Eyes Weak Listing as Grey Market Premium Drops For Two Days

IPO GMP Today: Turtlemint Fintech's initial public offering is eyeing a weak Dalal-Street debut on Monday, June 29, after its grey market premium (GMP) remained low on Sunday after a two-day drop. The IPO was subscribed over 1.2 times during the bidding period from June 19 to June 23.

The qualified institutional buyers (QIB) segment attracted the strongest response, followed by retail investors. The non-institutional investor (NII) category remained undersubscribed at 0.52 times.

IPO GMP Today: Turtlemint Fintech Listing

The company's grey market premium (GMP) fell for two consecutive days on Friday and Saturday. Turtlemint Fintech IPO GMP today remained unchanged at its lowest level ahead of its listing on NSE and BSE. Its IPO GMP today stood at negative Rs 5 per share, implying an expected listing price of around Rs 147 per share per share (sum of upper price band and IPO GMP Today), as per investorgain.com data at 1 pm on Sunday, June 28.

Considering its latest IPO GMP Today, investors (alloted with Turtlemint shares) are expected to see a listing loss of around 3.3%. However, readers must note that grey market is unofficial and unregulated, and GMP trends can be volatile before listing and may often doesn't indicate exact performance of an IPO on listing day.

Turtlemint Fintech IPO: Subscription Details

The overall public issue witnessed modest investor interest and received an overall subscription of 1.2 times during the bidding period from June 19 to June 23. Among investor categories, the IPO was subscribed around 1.59 times in the QIB category, around 1.07 times in the retail portion and 0.52 times in the NII category.

ICICI Prudential Equity & Debt Fund, Mirae Asset Multicap Fund, Mirae Asset Aggressive Hybrid Fund, Border To Coast Emerging markets Equity Fund, and Amansa Holdings were among the key anchor investors who received the Turtlemint Fintech IPO allotment.

About Turtlemint IPO

Turtlemint Fintech Solutions IPO is a book build issue of Rs 882.67 crore. The issue is a combination of fresh issue of 4.35 crore shares, equivalent to Rs 660.72 crores and an offer for sale of 1.46 crore shares, equivalent to Rs 221.95 crore.

The IPO's bidding started on June 19 and completed on June 23 and its allotment was finalised for Turtlemint Fintech Solutions IPO finalised on June 24, 2026. The IPO will list on NSE and BSE on June 29, 2026.

The final issue price is set at Rs 152 per share, and the lot size for an application is 98 shares. For retail investors, the minimum amount required for investment was Rs 14,896.