India, April 27 -- Lending tech startup Kissht's parent OnEMI Technology Solutions has filed its red herring prospectus (RHP) for a Rs.922 Cr IPO, The offering will open for bidding on April 30 (Thursday) and close on May 5. Anchor bidding will take place on Wednesday (April 29).

The IPO will comprise a fresh issue of shares worth up to Rs.850 Cr, marking a 15% decrease from the Rs.1,000 Cr proposed in the DRHP. Meanwhile, the offer for sale has been halved to 44.4 Lakh shares.

The company has set a price band of Rs.162-171 for the public issue. At the upper end of the price band, the IPO will value the company at about Rs.2,774 Cr (about $294.3 Mn).

Vertex Ventures, Endiya Partners, Ventureast, and AION Advisory Services are among the...