Turtlemint Fintech Solutions IPO Day 3: Should you subscribe as issue ends today? Check GMP, review, other key details

Turtlemint Fintech Solutions IPO closes today (June 23) with muted subscription of 52 percent overall — Retail at 63 percent, NII at 5 percent, and QIB at 73 percent as of 10:03 AM on the final day. The issue is priced between ₹144 and ₹152 per share to raise ₹882.67 crore (₹660.72 crore fresh issue and ₹221.95 crore OFS), with grey market premium at just ₹2 (around 1.32 percent premium) signalling an estimated listing price of about ₹154. Despite the loss-making profile, brokerages DRChoksey FinServ and SMIFS have recommended subscribing, citing a 58 percent valuation discount to listed peer PB Fintech at 6.4x trailing revenue.