Turtlemint Fintech IPO subscribed 0.46 times on Day 1; retail investors lead demand

Turtlemint Fintech Solutions IPO was subscribed 0.46 times on Day 1, with bids received for 1.48 crore shares against 3.19 crore shares on offer. The retail portion was subscribed 0.30 times, NIIs 0.01 times, and QIBs 0.75 times, indicating weak demand across categories. The company is looking to raise ₹882.67 crore through a fresh issue of ₹660.72 crore and an offer for sale of ₹221.95 crore, with a price band of ₹144-155 per share.