Turtlemint IPO: Peak XV Nets ₹66.2 Cr, Nexus Venture Books 8.8X Gain

Shares of insurtech company Turtlemint are set to list on the bourses on Monday (June 29) after its IPO was oversubscribed 1.2X . Several early investors in the company booked sizable gains by selling part of their holdings in the public issue. Peak XV partners, one of Turtlemint’s biggest shareholders , raked in ₹66.2 Cr by offloading 43.56 Lakh shares via the OFS at the issue price of ₹152 per share.