Turtlemint Fintech IPO IPO Allotment Status

The IPO closed with an overall subscription of 0.46x. Here is what that means for each category.

Retail Category: Retail subscription came in at 0.23x based on applications received. In the retail category, SEBI requires allotment by lottery when oversubscription exceeds 1x. Each successful applicant receives a minimum of 1 lot.

Applying from multiple eligible accounts increases household probability but does not improve the chances of any single application.

NII Category: NII subscription was 0.01x based on shares applied. NII allotment is proportional, not by lottery. At this oversubscription level, NII applicants will receive a very small fraction of the shares they applied for.

QIB Category: QIB subscription came in at 0.75x. QIB allotment is handled by the book running lead managers and is not accessible to retail investors.

Check the Turtlemint Fintech IPO IPO Subscription Status for the full category-wise breakdown.

Allotment status will be available from 24 June 2026. There are four ways to check.

Once allotment is finalised on 24 June 2026, the process moves as follows.

If you are allotted shares: Shares will be credited to your demat account on 25 June 2026. You can hold or sell on listing day, 29 June 2026. Based on current GMP of Rs 3.00, the estimated listing price is Rs 155.00 per share.

If you are not allotted shares: Your blocked amount (ASBA) will be unblocked and refunded on 25 June 2026. The refund goes back to the bank account linked to your application. UPI-based applications are unblocked automatically. ASBA applications through net banking are unblocked by your bank.

On listing day: The stock lists on NSE and BSE on 29 June 2026. You can sell your allotted shares from the moment trading begins. There is no lock-in for retail investors in a mainboard IPO.

For listing day updates, follow the IPOwiz Telegram Channel.

The registrar for this IPO is Kfin Technologies. For allotment queries or discrepancies, you can contact them directly.

Turtlemint Fintech IPO IPO full details including financials, valuation, and review.

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.

Check your allotment status from 24 June 2026 on the IPOwiz Allotment Checker. For listing day updates on 29 June 2026, follow the IPOwiz Telegram Channel or download the IPOwiz App.