Mumbai, June 16 -- Turtlemint Ltd, an insurance technology platform, is set to raise Rs.883 crore through an initial public offering (IPO) priced at a valuation about half its 2022 peak, as the venture-backed firm joins a few tech companies braving the public markets amid the West Asia war.

The Mumbai-based company, which connects customers, advisors and insurers via a digital platform, has fixed its price band at Rs.144-152 per share for an issue that opens on Friday and closes on 23 June. The offering combines a fresh issue of Rs.660.72 crore with a scaled-back secondary sale of 14.6 million shares, trimmed from an initially proposed 28.6 million, as only five of its 12 investors opt to monetise holdings.

Co-founder and chief executiv...