Turtlemint Fintech Solutions Limited raises Rs. 397.20 Crore from 32 Anchor Investors; at the upper price band of ₹152 per Equity Share

Turtlemint Fintech Solutions Limited has finalized allocation of 2,61,31,680 Equity Shares, to 32 Anchor Investors and raised Rs 397.20 Cr at the upper price band of ₹152 per Equity Share (including share premium of ₹151 per Equity Share) with a face value of ₹1 each per share. Out of the total allocation of 2,61,31,680 Equity Shares to the Anchor Investors, 1,11,06,668 Equity Shares (i.e., 42.50% of the total allocation to Anchor Investors) were allocated to 7 domestic mutual funds, which applied through a total of 12 schemes and 35,72,492 Equity Shares (i.e., 13.67 % of the total allocation to Anchor Investors) were allocated to 3 life insurance companies. Set forth below is a scheme wise detail of allocation to such mutual funds, and details of allocation to life insurance companies and pension funds: ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the issue.

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