Turtlemint Files DRHP for IPO, Aims for ₹660 Crore Fresh Issue

• Turtlemint Fintech Solutions Ltd has filed its Draft Red Herring Prospectus (DRHP-I) with SEBI for an Initial Public Offering (IPO).
• The IPO comprises a fresh issue of equity shares worth up to ₹660.7 crore and an Offer For Sale (OFS) of up to 28.6 million equity shares by existing shareholders.
• The tech-enabled platform connects customers, insurance advisors, and insurers, operating primarily in India's insurance distribution sector.
• Turtlemint pioneered the Point-of-Sale Person (PoSP) distribution model in 2015 and has the largest certified PoSP network, with 484,832 PoSPs as of September 30, 2025.
• The company distributes retail insurance products (health, life, motor) and also facilitates mutual funds, loans, and credit cards through its asset-light model.

Why It Matters: Turtlemint, a leading insurance distribution platform, is set for an IPO with a ₹660 crore fresh issue.