New Delhi, June 19 -- Turtlemint Fintech Solutions IPO in focus: The initial public offering (IPO) of Turtlemint Fintech Solutions, which opened for subscription today, 19 June, received a modest response from investors.

By the end of the day, the issue was subscribed to 0.46 times, with 1.48 crore shares bid for against the 3.19 crore shares on offer, according to exchange data.

The retail portion was subscribed 0.30 times, while Non-Institutional Investors (NIIs) subscribed just 0.01 times, and the Qualified Institutional Buyers (QIBs) portion was subscribed 0.75 times.

The company is looking to raise Rs.882.67 crore from the issue, comprising a fresh issue of 4.35 crore shares aggregating to Rs.660.72 crore and an offer for sale of ...