Turtlemint Fintech sets IPO price band at Rs 144-152 for Rs 883 crore offer. Know GMP, other key details (opens original article in a new tab)

Insurtech firm Turtlemint Fintech is launching an Rs 883-crore IPO on June 19 with a price band of Rs 144-152 per share, including a fresh issue and offer-for-sale by existing shareholders. The proceeds will be used for infrastructure, salaries, marketing, and acquisitions, with promoters and investors partially offloading stakes.

• Turtlemint Fintech to launch Rs 883-crore IPO on June 19 with price band at Rs 144-152 per share
• IPO includes Rs 660.72-crore fresh issue and Rs 221.95-crore offer-for-sale by existing shareholders
• Proceeds will be used for infrastructure, salaries, marketing, lease payments, and inorganic growth through acquisitions
• Promoters and investors will partially offload stakes in the OFS component