Turtlemint Fintech Solutions IPO
Turtlemint Fintech Solutions Limited (TURTLEMINT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 June 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.6% (likely range -6% to +11%), day's high +2.1%, chance of a gain 33%. Actual: -11.2% at the open, -4.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,77,80,550 | 2,83,32,486 | 1.59x | |
| NII (HNI) total | 90,72,797 | 47,60,840 | 0.52x | |
| Big NII (above ₹10 lakh) | 60,48,532 | 31,40,508 | 0.52x | |
| Small NII (₹2-10 lakh) | 30,24,265 | 16,20,332 | 0.54x | |
| Retail | 60,48,531 | 64,54,378 | 1.07x | |
| Total | 3,29,01,878 | 3,95,47,704 | 1.20x |
Bids on NSE and BSE together, as published by NSE, as of 23 Jun 2026, 07:00 PM. Shares offered exclude the anchor portion. 14% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Turtlemint Fintech Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Popular Vehicles and ServicesMar 2024 | 1.97x | 0.66x | 1.05x | 1.23x | ₹601 Cr | -2.0% | -2.0% |
| KSH InternationalDec 2025 | 1.06x | 0.42x | 0.86x | 0.83x | ₹747 Cr | -3.6% | -3.6% |
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
| Carraro IndiaDec 2024 | 2.21x | 0.60x | 0.71x | 1.12x | ₹1,317 Cr | -7.5% | -3.1% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities Limited; Jefferies India Private Limited; JM Financial Limited; Motilal Oswal Investment Advisors | 3 | +5.2% | 33% |
Offer documents (NSE)
Frequently asked
What is the Turtlemint Fintech Solutions IPO price band and lot size? ₹144–152 per share, with a lot of 98 shares, so the smallest retail bid is ₹14,896.
How many times has it been subscribed? 1.20x overall: QIB 1.59x, NII 0.52x, retail 1.07x.
How did it list? It opened at ₹135, -11.2% against the issue price of ₹152, and closed its first day -10.9%.
