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Turtlemint IPO Day 2: Issue subscribed 49% so far. Check GMP, subscription status, review. Apply or not?

As reported by mint - markets
The Turtlemint IPO, valued at over ₹4,500 crore, opened on 19 June and closes on 23 June, with initial investor interest showing 45% subscription. The issue has attracted major institutional investors and is set to debut on 29 June, amid concerns over profitability and valuation.
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Turtlemint's ₹4,500 crore IPO has reached a 49% subscription rate by Day 2, with the issue set to close on June 23rd. The public offering, which opened on June 19th, is slated for a June 29th debut. Investor interest is noted, though profitability and valuation concerns persist.

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