365telugu.com online news,Mumbai,September 18th,2025: based insurtech company Turtlemint Fintech Solutions Ltd has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) through the confidential pre-filing route for its proposed initial public offering (IPO) of equity shares on the main board of the stock exchanges.
In a public statement, Turtlemint announced, “We have filed the pre-filed draft red herring prospectus with SEBI and the stock exchanges in connection with the proposed initial public offering of our equity shares.”
To manage the IPO process, Turtlemint has appointed ICICI Securities, Jefferies India, JM Financial, and Motilal Oswal Investment Advisors as its lead merchant bankers, as per market sources.
Established in 2015 by founders Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint focuses on simplifying the process of purchasing and managing insurance policies. The company has facilitated the sale of over 1.6 crore policies through its network of more than five lakh financial advisors.
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Turtlemint’s digital platform empowers financial advisors to efficiently match customers with tailored insurance products, enhancing both advisor productivity and business efficiency.
The company is supported by prominent investors, including Amansa Capital, Jungle Ventures, and Nexus Venture Partners.