Turtlemint Fintech IPO GMP signals discounted market debut on 29 June; check subscription and other details

Turtlemint Fintech Solutions IPO, which closed on June 23 with a muted overall subscription of 0.68 times, is set to list on BSE and NSE on June 29. The Rs 883-crore issue carries a negative grey market premium of around minus Rs 3 per share, indicating an estimated listing at about Rs 149, a discount of roughly 1.97 percent to the upper price band of Rs 152. The issue comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.95 crore by promoters and investors including Nexus Venture Partners, Peak XV Partners, Blume Ventures, and GGV Capital.