India, June 16 -- Turtlemint is on track to make its public markets debut amid growing losses. The insurtech company, whose IPO will open for public subscription on Friday (June 19), recorded a 21% jump in its net loss to Rs.184.7 Cr in the first nine months of FY26 (9M FY26) from a net loss of Rs.154.7 Cr in the same period in FY25.

While the loss before exceptional items and tax stood at Rs.132.5 Cr, Turtlemint's RHP disclosed an exceptional expense of Rs.54.9 Cr in the period under review, attributed to IPO-related costs and expenses linked to financial instruments.

The company's top line increased 80% YoY to Rs.741.1 Cr in the first three quarters of FY26 from Rs.411.1 Cr in 9M FY25. Including other income of Rs.7.9 Cr, Turtlemint's...