India, Sept. 6 -- Insurtech startup Turtlemint has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

". The company has filed the pre-filed draft red herring prospectus with SEBI and the stock exchanges, under Chapter IIA of the SEBI ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges," Turtlemint said in a statement.

The filing comes months after it was reported that the Mumbai-based startup was in talks with Motilal Oswal, JM Financial, ICICI Securities and Jefferies to launch a $200 Mn to $250 Mn IPO. At the time, the startup was said to be expecting to hit Dalal Street by October 2025.

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