Turtlemint Fintech Solutions IPO Subscription Status
Final figures at close of bidding: 15 Jul 2026, 12:00 am IST
| Category | Subscription |
|---|---|
| QIB | 1.63x |
| NII | 0.55x |
| Retail (RII) | 1.11x |
| Total | 1.24x |
Bidding day 5
Day-wise subscription
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 3 | 0.75x | 0.01x | 0.3x | 0.46x |
| Day 4 | 0.75x | 0.05x | 0.64x | 0.54x |
| Day 5 | 1.63x | 0.55x | 1.11x | 1.24x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Turtlemint Fintech Solutions IPO ran across 3 recorded days: overall subscription stood at 0.46× at the close of day 3, read 0.54× at the end of day 4, and finished at 1.24× on day 5. On the final day it was qualified institutional buyers (QIB) driving the book, at 1.63× of the shares set aside for the category. More than half of the final demand arrived after day 3 — a late-building book. The largest single-day addition came on day 5, when the overall multiple moved from 0.54× to 1.24×.
Category detail
Institutional demand closed at 1.63× of the QIB quota. Non-institutional investors came in at 0.55×. Retail investors put in bids for 1.11× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 1.63× and non-institutional investors (NII) at the bottom at 0.55×.
What the multiple means for allotment
A retail multiple of 1.11× means bids in the category outnumbered the shares set aside for it roughly 1.11 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 98 shares — ₹14,896 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Turtlemint Fintech Solutions IPO open and close?
- The Turtlemint Fintech Solutions IPO opens on 19 Jun 2026 and closes on 23 Jun 2026.
- How many times was the Turtlemint Fintech Solutions IPO subscribed?
- The Turtlemint Fintech Solutions IPO was subscribed 1.24 times in total across all investor categories.
- What is the reservation split in the Turtlemint Fintech Solutions IPO?
- Of the total shares offered, retail investors get 10%, QIBs 30% (plus 45% anchor), non-institutional investors 15%.