# The offer comprises a fresh issue of equity shares aggregating up to Rs 660.7 crore.

*fintech · news · 2026-01-29 · Free Press Journal*

## Key points

- Turtlemint's IPO size is pegged at Rs 2,000 crore, including Rs 660.7 crore fresh issue.
- Major shareholders like Blume Ventures, Nexus Ventures, and Peak XV are participating in the share sale.
- Proceeds will fund infrastructure upgrades, tech team salaries, marketing, and acquisitions for Turtlemint.
- Turtlemint has processed over 90 crore claims for more than 1.2 crore customers since inception.
- The updated IPO draft will be open for public comments for 21 days before final Sebi submission.

**Companies:** Turtlemint Fintech Solutions Ltd, Vistra (ITCL) India Ltd
**Countries:** India

[Read the full story on Free Press Journal](https://www.freepressjournal.in/business/turtlemint-files-updated-drhp-for-2000-crore-ipo-fresh-issue-of-661-crore-ofs-by-investors)

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