Insurtech unicorn Turtlemint to raise ₹883 crore; issue priced at ₹144-152 per share

Insurtech unicorn Turtlemint to raise ₹883 crore; issue priced at ₹144-152 per share

Turtlemint Announces IPO Plans with ₹883 Crore Target

Turtlemint Fintech, an insurtech company, is set to launch an Initial Public Offering (IPO) aiming to raise ₹883 crore. The IPO will include a fresh issue of shares valued at ₹660.72 crore, along with an Offer For Sale (OFS) of 1.46 crore equity shares totaling ₹221.94 crore. The offer price is set between ₹144 to ₹152 per share.

Original Source: https://www.fortuneindia.com/markets/ipo/insurtech-unicorn-turtlemint-to-raise-883-crore-issue-priced-at-144-152-per-share/143282

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