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Turtlemint Fintech IPO

Digital Lending & Fintech - Listed on 29 June 2026

-11.3% listing gain
Issue Price (Upper)
Rs 152
Listing Price
Rs 134.9
Closing Price (NSE)
Rs 135.37
Total Subscription
2.00x

Turtlemint Fintech IPO listing summary

Turtlemint Fintech (Digital Lending & Fintech) closed its IPO window in 2026 and listed on NSE and BSE on 29 June 2026 at an upper band issue price of Rs 152, opening at Rs 134.9 for a listing gain of -11.3% and closing day one at Rs 135.37 (-10.9% on closing basis). The IPO was subscribed 2.00x overall - QIB 1.59x, HNI/NII 0.52x, Retail 1.07x. The total issue size was Rs 0.72 Cr (Fresh Issue Rs 870.99 Cr, OFS Rs 660.72 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-11.25%
Listing Gain (Close)
-10.94%
Day Change After Listing
+0.35%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB1.59x
HNI / NII0.52x
Retail1.07x
Overall2.00x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 115.00x
Day 22.00x
Day 3 (Final)2.00x

Turtlemint Fintech IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 210.27+2.00%
Day 2Rs 15+2.00%
Day 3Rs 2+2.00%
Day 4Rs 2+2.00%
Day 5Rs 2-50.00%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
-50.0%-2.0%
IPOGyani AI Prediction
-50.0%
Actual Listing Gain
-11.3%

Prediction Accuracy: 38.8 pp (Variance observed)

Issue & financials

Issue SizeRs 0.72 Cr
Fresh IssueRs 870.99 Cr
OFSRs 660.72 Cr
IPO PE0.60
Peer / Sector PE8.00
PE vs Sector Ratio-7.65
Latest EBITDA (Cr)-18.82
Debt / Equity32.73

Market context at listing

How the broader market moved around the Turtlemint Fintech IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.15%
Nifty 1W Return-0.57%
Nifty 1M Return-0.38%
Nifty during IPO window-0.90%

Turtlemint Fintech IPO - FAQs

What was the listing gain of Turtlemint Fintech IPO?

Turtlemint Fintech IPO listed at -11.3% versus the upper issue price of Rs 152 on 29 June 2026.

How many times was Turtlemint Fintech IPO subscribed?

Turtlemint Fintech IPO was subscribed 2.00x overall. QIB portion was subscribed 1.59x, HNI / NII 0.52x and Retail 1.07x.

What was the IPO GMP for Turtlemint Fintech?

IPO GMP started at Rs 210.27 on Day 1 and moved to Rs 2 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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