Turtlemint Fintech IPO Subscription Status
Turtlemint Fintech IPO closed on 23 June 2026 with an overall subscription of 1.24x based on shares applied. QIB demand came in at 1.63x, NII at 0.55x, and retail at 1.11x.
Allotment will be finalised on 24 June 2026. The stock is scheduled to list on NSE and BSE on 29 June 2026.
Issue Price
Rs 152.00
GMP Today
Rs -5.00 (-3.29%)
Overall Subscription
1.24x
Issue Size
₹882.67 Cr
Allotment Date
24 Jun 2026
Listing Date
29 Jun 2026
Turtlemint Fintech IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 152.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 264.80 Cr | Rs 430.65 Cr | 1.63x |
| FII | - | Rs 247.81 Cr | - |
| DFI | - | Rs 82.00 Cr | - |
| Mutual Funds | - | Rs 60.00 Cr | - |
| Other | - | Rs 40.84 Cr | - |
| NII | Rs 132.40 Cr | Rs 72.36 Cr | 0.55x |
| bNII (above Rs 10L) | Rs 88.27 Cr | Rs 47.74 Cr | 0.54x |
| Corporate | - | Rs 15.48 Cr | - |
| Individual | - | Rs 28.29 Cr | - |
| Other | - | Rs 3.96 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 44.13 Cr | Rs 24.63 Cr | 0.56x |
| Corporate | - | Rs 23.68 L | - |
| Individual | - | Rs 24.03 Cr | - |
| Other | - | Rs 36.35 L | - |
| Retail | Rs 88.27 Cr | Rs 98.11 Cr | 1.11x |
| Cut-off price | - | Rs 85.97 Cr | - |
| Fixed price | - | Rs 12.13 Cr | - |
| Total | Rs 485.47 Cr | Rs 601.13 Cr | 1.24x |
Turtlemint Fintech IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,74,21,119 | 419 | 0.00x |
| FII | - | 7 | - |
| DFI | - | 42 | - |
| Mutual Funds | - | - | - |
| Other | - | 370 | - |
| NII | 6,349 | 1,339 | 0.21x |
| bNII (above Rs 10L) | 4,233 | 293 | 0.07x |
| Corporate | - | 27 | - |
| Individual | - | 227 | - |
| Other | - | 39 | - |
| sNII (Rs 2L to Rs 10L) | 2,116 | 1,046 | 0.49x |
| Corporate | - | 8 | - |
| Individual | - | 1,021 | - |
| Other | - | 17 | - |
| Retail | 59,256 | 50,610 | 0.85x |
| Cut-off price | - | 44,688 | - |
| Fixed price | - | 5,922 | - |
| Total | 1,74,86,724 | 52,368 | 0.00x |
What Do These Subscription Numbers Mean?
A subscription of 1.24x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.63x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.63x, it reflects serious institutional conviction.
NII at 0.21x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.07x and sNII at 0.49x by applications.
null Retail allotment is done by lottery when oversubscribed.
Turtlemint Fintech IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 0.85x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.49x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.07x.
Check the Turtlemint Fintech IPO Allotment Status page from 24 June 2026 for your allotment result.
Turtlemint Fintech IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 Jun 2026 | 0.75x | 0.01x | 0.30x | 0.46x |
| Day 2 - 22 Jun 2026 | 0.75x | 0.05x | 0.64x | 0.54x |
| Day 3 - 23 Jun 2026 | 1.63x | 0.55x | 1.11x | 1.24x |
Turtlemint Fintech IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 June 2026 |
| IPO Close Date | 23 June 2026 |
| Allotment Date | 24 June 2026 |
| Refund Initiation | 25 June 2026 |
| Share Credit to Demat | 25 June 2026 |
| Listing Date | 29 June 2026 |
| Minimum Investment | Rs 14,896.00 |
| Lot Size | 98 shares |
About Turtlemint Fintech IPO
Turtlemint Fintech Solutions Limited, founded in 2015, operates as a leading technology-driven insurance distribution platform across India. Utilizing a unique 'phygital' (physical + digital) model, the platform seamlessly connects freelance insurance advisors, end consumers, and major insurance providers. Turtlemint was a pioneer in commercializing the Point-of-Sale Person (PoSP) insurance distribution framework, building a vast decentralized advisory network of over 6.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Turtlemint Fintech IPO Subscription FAQs
What is Turtlemint Fintech IPO IPO subscription status today?
Turtlemint Fintech IPO IPO subscription closed on 23 June 2026 with overall subscription of 1.24x (by shares) as of 14 July 2026, 12:17 AM IST. QIB 1.63x, NII 0.21x, Retail 0.85x.
What is the overall subscription of Turtlemint Fintech IPO IPO?
Turtlemint Fintech IPO IPO is subscribed 1.24x overall by shares at close on 23 June 2026. QIB 1.63x, NII 0.21x, and Retail 0.85x.
What is Turtlemint Fintech IPO IPO QIB subscription?
Turtlemint Fintech IPO IPO QIB (Qualified Institutional Buyers) subscription is 1.63x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Turtlemint Fintech IPO IPO Retail subscription?
Turtlemint Fintech IPO IPO Retail subscription is 0.85x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Turtlemint Fintech IPO IPO NII subscription?
Turtlemint Fintech IPO IPO NII (Non-Institutional Investors) subscription is 0.21x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Turtlemint Fintech IPO IPO for retail?
Turtlemint Fintech IPO IPO retail share subscription is 1.11x. Application-wise data is needed for accurate lottery odds.
When is Turtlemint Fintech IPO IPO allotment date?
Turtlemint Fintech IPO IPO allotment date is 24 June 2026. Check Turtlemint Fintech IPO Allotment Status on IPOwiz from that day using your PAN.
When does Turtlemint Fintech IPO IPO subscription close?
Turtlemint Fintech IPO IPO subscription closed on 23 June 2026. No new applications are accepted after the close.
What is Turtlemint Fintech IPO IPO GMP today?
Turtlemint Fintech IPO IPO GMP is ₹-5 today (-3.29% over issue price ₹152). See live GMP on the Turtlemint Fintech IPO GMP Today page.
What is Turtlemint Fintech IPO IPO issue price and lot size?
Turtlemint Fintech IPO IPO issue price is ₹152 per share. Lot size is 98 shares. Minimum investment is ₹14,896 per lot. Issue size: ₹882.67 Cr.
When is Turtlemint Fintech IPO IPO listing date?
Turtlemint Fintech IPO IPO listing date is 29 June 2026 on NSE and BSE. Allotment is on 24 June 2026.
How does subscription affect Turtlemint Fintech IPO IPO allotment?
Allotment odds in Turtlemint Fintech IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.24x overall, competition is moderate.
For allotment results from 24 June 2026, visit the Turtlemint Fintech IPO Allotment Status page. For listing day updates on 29 June 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.