Turtlemint cuts OFS size; IPO opens on June 19 (opens in new tab)

Insurtech startup Turtlemint has reduced the offer for sale (OFS) size of its initial public offering (IPO), which will open for subscription on June 19 and close on June 23.The OFS size has been cut to 14.6 million shares from 28.6 million shares, according to its Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (SEBI).However, the company's fresh issue size remains the same at Rs 660.7 crore as was in its updated draft red herring prospectus (DRHP) that was...