India, June 19 -- Insurtech company Turtlemint's IPO got off to a steady start on the first day of bidding. As of 14:09 IST, investors placed bids for 1.04 Cr shares against a total offer size of 3.29 Cr shares on offer, translating to a 32% subscription.

Qualified institutional buyers (QIBs) have been the most bullish on the company's public float till now. These investors have already subscribed their quota by 51%, placing bids for 90.32 Lakh shares against 1.78 Cr shares earmarked for them.

Retail individual investors (RIIs) have subscribed their quota by 21%. These investors have bid for 12.80 Lakh shares against 60.49 Lakh shares reserved for them as of now.

Non institutional investors (NIIs) have subscribed their quota the least ...