Turtlemint Fintech IPO Subscription
ListedUpdated 29 June 2026, 9:15 AM IST· Mainboard
Turtlemint Fintech IPO subscription closed on 23 June 2026 at 1.24x overall by shares. QIB demand came in at 1.63x, NII at 0.55x, and retail at 1.11x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 24 June 2026. Listing date on NSE and BSE is 29 June 2026.
Turtlemint Fintech IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Turtlemint Fintech IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 0.85x | Very high |
| SHNI (Rs 2L to Rs 10L) | 0.49x | Very high |
| BHNI (above Rs 10L) | 0.07x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Turtlemint Fintech IPO Allotment Status page from 24 June 2026 for your result.
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?
1.24x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.63x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.21x by applications). Split: SHNI 0.49x, BHNI 0.07x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Turtlemint Fintech IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Turtlemint Fintech IPO Details
Issue size, price, financials, and company info
Turtlemint Fintech IPO GMP
Live grey market premium and listing estimate
Turtlemint Fintech IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Turtlemint Fintech IPO Allotment
Allotment date, chances, and check by PAN
Turtlemint Fintech IPO Review
SWOT, strengths, risks, and IPO review
Turtlemint Fintech IPO FAQ
Common questions on dates, GMP, and allotment
Turtlemint Fintech IPO Registrar
Registrar website and how to check allotment
Turtlemint Fintech IPO Timeline
Open, close, allotment, and listing dates
Turtlemint Fintech IPO News
Updates, blogs, and latest IPO news
Turtlemint Fintech IPO Subscription FAQs
What is Turtlemint Fintech IPO subscription status today?
Turtlemint Fintech IPO subscription closed on 23 June 2026 with overall subscription of 1.24x (by shares) as of 15 September 2026, 7:01 AM IST. QIB 1.63x, NII 0.21x, Retail 0.85x.
What is the overall subscription of Turtlemint Fintech IPO?
Turtlemint Fintech 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 QIB subscription?
Turtlemint Fintech 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 Retail subscription?
Turtlemint Fintech IPO Retail subscription is 0.85x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Turtlemint Fintech IPO NII, SHNI, and BHNI subscription?
Turtlemint Fintech IPO NII subscription is 0.21x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.49x and BHNI (above Rs 10L) at 0.07x.
What are Turtlemint Fintech IPO retail allotment chances?
Turtlemint Fintech IPO retail share subscription is 1.11x. Application data is needed for exact lottery chances.
What are Turtlemint Fintech IPO SHNI allotment chances?
Turtlemint Fintech IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Turtlemint Fintech IPO BHNI allotment chances?
Turtlemint Fintech IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Turtlemint Fintech IPO allotment date?
Turtlemint Fintech 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 subscription close?
Turtlemint Fintech IPO subscription closed on 23 June 2026. No new applications are accepted after the close.
What is Turtlemint Fintech IPO GMP today?
Turtlemint Fintech 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 issue price and lot size?
Turtlemint Fintech 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 listing date?
Turtlemint Fintech IPO listing date is 29 June 2026 on NSE and BSE. Allotment is on 24 June 2026.
How does subscription affect Turtlemint Fintech IPO allotment?
In Turtlemint Fintech IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Turtlemint Fintech IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.