Turtlemint Fintech Solutions IPO lot size and price band

The Turtlemint Fintech Solutions IPO lot size is 98 shares. At the upper price band of ₹152, one lot costs ₹14,896: that is the minimum investment.

A retail application can be for 1 to 13 lots (up to ₹1,93,648, under the ₹2 lakh retail limit). HNI (NII) applications start at 14 lots (₹2,08,544), and big HNI above ₹10 lakh at 68 lots.

The price band is ₹144 to ₹152. The final issue price is set inside it after bidding and was ₹152; the amount blocked is worked out at the upper end, so a lower final price releases the difference. At the lower end one lot would cost ₹14,112.

Turtlemint Fintech Solutions IPO: how many shares to bid for

The smallest and largest bid in each category, at the upper price band. Enter the number of shares (or lots) shown.

CategoryMinimum bidMaximum bid
Retail (up to ₹2 lakh)98 shares (1 lot), ₹14,8961274 shares (13 lots), ₹1,93,648
Small HNI (₹2 lakh to ₹10 lakh)1372 shares (14 lots), ₹2,08,5446566 shares (67 lots), ₹9,98,032
Big HNI (above ₹10 lakh)6664 shares (68 lots), ₹10,12,928no upper limit

Turtlemint Fintech Solutions IPO amount by number of lots

At the upper price band. Retail covers bids up to ₹2 lakh, small HNI above ₹2 lakh up to ₹10 lakh, big HNI above ₹10 lakh.

LotsSharesAmountCategory
198₹14,896Retail
2196₹29,792Retail
3294₹44,688Retail
4392₹59,584Retail
5490₹74,480Retail
6588₹89,376Retail
8784₹1,19,168Retail
10980₹1,48,960Retail
131274₹1,93,648Retail
141372₹2,08,544Small HNI
686664₹10,12,928Big HNI

What lot size and price band mean

The lot size is the smallest number of shares you can bid for, and bids go up in whole lots. The price band is the range within which you can bid; most IPOs end up priced at its top.

Retail applicants can bid at the cut-off price, which means accepting whatever the final price is. The amount blocked is calculated at the top of the band.

Questions

What is the Turtlemint Fintech Solutions IPO lot size?

98 shares per lot.

What is the minimum investment in the Turtlemint Fintech Solutions IPO?

₹14,896: one lot of 98 shares at the upper price band.

How many lots can a retail investor apply for in Turtlemint Fintech Solutions?

Up to 13 lots (₹1,93,648); one more lot would pass the ₹2 lakh retail limit.

What is the minimum HNI application in Turtlemint Fintech Solutions?

14 lots, ₹2,08,544.

What is the Turtlemint Fintech Solutions IPO price band?

₹144 to ₹152.

Learn more

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Track your family’s Turtlemint Fintech Solutions applications free — allotment checked at the registrar and emailed to you.

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.