Mumbai-based insurtech startup Turtlemint has taken a fresh step toward its public market debut by filing an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) exceeding INR 660 crore. The move signals renewed momentum for one of India’s most prominent digital insurance platforms, as it looks to tap capital markets amid a gradually improving IPO environment.
According to the updated DRHP, the proposed IPO will comprise a fresh issue of shares along with an offer for sale (OFS) by existing investors. While the exact break-up may still be subject to final revisions, the total issue size is expected to cross t
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