India, June 19 -- Update | June 19, 17:42 IST

The public issue of insurtech company Turtlemint ended day one with a subscription of 45%.

As per BSE data, the IPO received bids for 1.48 Cr shares against the 3.29 Cr shares on offer.

Qualified institutional buyers (QIBs) continued to show the highest interest in the IPO, with the portion reserved for seeing a 73% subscription. These investors placed bids for 1.30 Cr shares against the 1.78 Cr shares reserved for them.

Meanwhile, interest from retail investors was also healthy on the opening day. These investors bid for 17.45 Lakh shares against the 60.49 Lakh shares reserved for them. This translates to 29% subscription of their quota.

The portion reserved for non institutional investo...