India, June 22 -- Update | June 22, 17:20 IST

The public issue of insurtech company Turtlemint ended day two with a subscription of 52%. Investors subscribed to 1.7 Cr shares as against 3.29 Cr shares on offer, according to BSE data.

Qualified institutional investors placed bids for 1.29 Cr shares as against 1.77 Cr shares on offer for the cohort, translating to a 73% subscription.

Retail investors subscribed to 61% of the shares on offer for them, placing bids for 36.77 Lakh shares as against 60.48 Lakh shares on offer.

Non institutional investors continued to show low demand for the issue, with their subscription at 0.5% at the end of day too. NIIs have so far placed bids for 4.33 Lakh shares as against 90.72 Lakh shares on offer. ...