Turtlemint IPO Day 2: Issue subscribed 49% so far. Check GMP, subscription status, review. Apply or not? (opens original article in a new tab)

Turtlemint IPO remains 48% subscribed on day 2 with strong institutional interest, while brokerages provide mixed assessments of its investment potential.

• Turtlemint IPO subscribed 48% on day 2 with 73% QIB bids and 40% retail bids.
• Grey market premium for Turtlemint IPO is +1.5, indicating 0.99% higher estimated listing price than IPO price.
• Brokerages offer mixed reviews with SMIFS recommending 'Subscribe' for long-term growth and Swastika Investmart flagging profitability concerns.