Turtlemint Fintech Solutions IPO allotment status is expected to be finalised on Wednesday, June 24. The bid finalisation details will be available on the websites of the registrar, KFin Technologies, the NSE and the BSE.
The initial public offering was subscribed 1.20 times, with bids for 3,95,47,704 shares as against 3,29,01,878 shares on offer, according to the BSE data.
Qualified institutional buyers (QIBs) subscribed their portion 1.59 times, while the retail individual investors (RIIs) category was booked 1.07 times. The portion reserved for non-institutional investors was subscribed 0.52%.
The ₹882.67 crore initial share sale was a mix of fresh issuance of equity shares valued at ₹660.72 crore and an offer-for- sale (OFS) component of ₹221.95 crore.
Those selling their stake through the OFS route include promoters Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, and shareholders Peak XV Partners Investments V, Vistra ITCL (India) Ltd – Trustee – Blume Ventures Fund 1X and Kunal Shah.
With a price range of ₹144 to ₹152 per share, the minimum investment for a retail investor was 98 shares.
Turtlemint Fintech Solutions, incorporated in 2015, is a technology-enabled insurance distribution platform. It connects customers, insurance advisors and insurers to provide access to health, motor, life and other insurance products.
Turtlemint Fintech Solutions IPO allotment date and time
The basis of allotment of Turtlemint Fintech Solutions IPO is likely to be finalised on Wednesday, June 24, by late evening.
Steps to check Turtlemint Fintech Solutions IPO allotment status online on NSE
- Go to NSE’s IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity & SME IPO bid details’
- Pick ‘Turtlemint Fintech Solutions’ under the symbol ‘TURTLEMINT’
- Mention the PAN and IPO application number
- Click on the ‘Submit’ button
- Visit BSE’s IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.
- The issue type should be kept as ‘Equity’
- From the ‘Issue Name’ dropdown menu, pick ‘Turtlemint Fintech Solutions Ltd’
- Enter your PAN details or IPO application number
- Press the ‘Search’ button
Turtlemint Fintech Solutions IPO allotment status on KFin Technologies; steps here
- Go to this link: https://ipostatus.kfintech.com/
- In the ‘Select IPO’ list, pick ‘Turtlemint Fintech Solutions’
- Fill in your PAN, IPO application number or Demat account number
- Hit the ‘Submit’ button
Turtlemint Fintech Solutions IPO listing date and time
Shares of Turtlemint Fintech Solutions will be listed on the NSE and the BSE on Monday, June 29, at 10 am.