Turtlemint IPO Continues To See Tepid Response, Subscribed 57% So Far

by · Inc42

SUMMARY

  • Turtlemint's IPO includes a fresh issue worth ₹660.7 Cr and an OFS of up to 1.46 Cr shares by existing shareholders
  • Priced at ₹144-152 per share, the issue values the company at ₹4,513 Cr (about $475 Mn) at the upper end
  • Proceeds from the fresh issue will be used for technology upgrades, product development, marketing, working capital and potential acquisitions