Turtlemint IPO Day 1: Issue opens today. Check GMP, review, issue details. Should you apply or not?
New Delhi, June 19 -- Turtlemint IPO will open for subscription on 19 June and close on 23 June. The insurtech company's public issue is priced in the range of Rs.144-152 per share, valuing the company at more than Rs.4,500 crore at the upper end of the price band.
Ahead of the launch, Turtlemint IPO anchor allocation garnered strong institutional interest, with the company raising Rs.397.20 crore from anchor investors on 18 June.
According to a BSE circular, Turtlemint allotted 2.61 crore equity shares to 32 anchor investors at Rs.152 apiece, the upper end of the price band. Key participants in the anchor book included ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss Mutua...
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