Turtlemint Fintech Solutions is scheduled to list its shares on the Indian stock exchanges on Monday, 29 June, concluding an initial public offering that struggled to generate strong investor enthusiasm during the subscription phase.
The allotment process was finalised on Wednesday, 24 June, with shares credited to the demat accounts of successful applicants.
The public issue, priced in the band of ₹144 to ₹152 per share, raised approximately ₹886 crore.
Despite the fixed price range, the three-day bidding window from 19 to 23 June saw demand lag behind the issue size, particularly among institutional investors, though retail participation remained relatively stronger.
Market attention now turns to the grey-market premium (GMP), which serves as the primary indicator of listing-day sentiment.
With investor appetite described as subdued throughout the bidding process, the GMP will reveal whether the market is willing to pay a premium over the issue price or if the stock faces immediate downward pressure upon debut.