Turtlemint IPO ends with 1.2x subscription, QIBs lead demand

Turtlemint's IPO closed with an overall subscription of 1.2 times, driven primarily by Qualified Institutional Buyers whose portion was subscribed 1.59 times. The retail investor segment was subscribed 1.07 times, while the Non-Institutional Investor category was under-subscribed at 0.52 times.