Insurtech firm Turtlemint has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) on Wednesday.
This development comes a month after SEBI granted regulatory approval for the company’s plan of an initial public offering.
Turtlemint’s IPO comprises a fresh issue of equity shares worth Rs 660 crore (approximately $73.3 million), with the offer for sale (OFS) component of 2.86 crore shares.
According to the UDRHP, the OFS will be led by Nexus Venture Partners,…

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