Turtlemint IPO ends with 1.2x subscription, QIBs lead demand
Turtlemint Fintech Solutions' ₹883-crore IPO saw robust demand, closing Tuesday with a 1.20 times subscription. Qualified Institutional Buyers led the charge, subscribing 1.59 times, while retail investors showed keen interest at 1.07 times. Des...
By ET Bureau |
ETMarkets.com
The retail investor portion saw a subscription of 1.07 times, while the Non-Institutional Investor (NII) category was under-subscribed at 0.52 times.
Mumbai: The ₹883-crore initial public offering (IPO) of Turtlemint Fintech Solutions was subscribed 1.20 times at the close of bidding on Tuesday. The issue received bids for 3.95 crore equity shares against 3.29 crore equity shares on offer, as per exchange data.
The demand was largely driven by the Qualified Institutional Buyer (QIB) segment, which was subscribed 1.59 times. The retail investor portion saw a subscription of 1.07 times, while the Non-Institutional Investor (NII) category was under-subscribed at 0.52 times.
The demand was largely driven by the Qualified Institutional Buyer (QIB) segment, which was subscribed 1.59 times. The retail investor portion saw a subscription of 1.07 times, while the Non-Institutional Investor (NII) category was under-subscribed at 0.52 times.
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