Advit Jewels IPO Day 1 News: The company plans to deploy a major portion of the IPO proceeds toward strengthening its financial position and supporting future expansion.

Turtlemint Fintech Solutions initial public offer (IPO) got fully subscribed on the final day of bidding on Tuesday.

The Rs 883-crore IPO received bids for 3.56 crore shares against 3.29 crore shares on offer, according to details available with the NSE till 2:30 pm.

The category for Qualified Institutional Buyers (QIBs) got subscribed 1.6 times and retail investors portion fetched 88 percent subscription. Non Institutional Investors quota got subscribed 22 percent.

Earlier, it raised Rs 397.20 crore from anchor investors. The price band has been fixed at Rs 144-152 per share for the public issue, valuing the company at over Rs 4,500 crore at the higher end.