Turtlemint IPO: Cash Burn In Focus After ₹397 Cr Anchor Round

Turtlemint raised ₹397.2 Cr from anchor investors, allotting 2.61 Cr shares at ₹152 each. Seven domestic mutual funds picked up 43% of the anchor round. The IPO includes a fresh issue of ₹660.7 Cr and an OFS of up to 1.46 Cr shares, valuing the company at ₹4,513 Cr.