Turtlemint Fintech IPO IPO Subscription Status

A subscription of 0.46x means the IPO received bids for 0 times the number of shares available. For every several applications, only 1 can receive an allotment.

Here is what each category number tells you:

QIB at 0.75x: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 0.75x, it reflects serious institutional conviction.

NII at 0.01x: NII includes high net worth individuals applying above Rs 2 lakh. At 0.01x, allotment probability for NII applicants is very low. The bNII segment came in at 0.00x and sNII at 0.03x.

Retail at 0.30x: Retail investors applying up to Rs 2 lakh saw 0.30x subscription. Allotment in the retail category is done by lottery when oversubscription exceeds 1x. At 0.30x, the probability of allotment for a single retail application is roughly 1 in 0.

Based on the final subscription data, here is a realistic view of allotment probability by category.

Retail Category: Retail subscription came in at 0.30x based on shares applied and 0.23x based on applications. In the retail category, SEBI mandates a minimum of one lot per applicant when possible. Allotment is done by lottery. Applying from multiple accounts does not improve individual chances but increases household probability if each account is eligible.

NII Category: NII allotment is proportional, not by lottery. At 0.01x, an NII applicant applying for the minimum NII lot can expect a very small proportional allotment. Larger NII applications receive proportionally more shares but the effective return per rupee invested is diluted significantly at this oversubscription level.

QIB Category: QIB allotment is discretionary and handled by the book running lead managers. Retail investors do not participate in this category.

Check the Turtlemint Fintech IPO IPO Allotment Status page from 24 June 2026 for your allotment result.

GMP for Turtlemint Fintech IPO stands at Rs 3.00 today, giving an estimated listing price of Rs 155.00 per share.

A subscription of 0.46x combined with a GMP of 1.97% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.

Track live GMP on the Turtlemint Fintech IPO IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.

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.

For allotment results from 24 June 2026, visit the Turtlemint Fintech IPO IPO Allotment Status page. For listing day updates on 29 June 2026, download the IPOwiz App.