New Delhi, April 29 -- New Delhi, Apr 29 (PTI) Promoters of OnEMI Technology Solutions Ltd, which operates the digital lending platform Kissht, have infused nearly Rs.40 crore into the company, ahead of its initial public offering (IPO) that will open for subscription on April 30, sources said.

Founders Ranvir Singh and Krishnan Vishwanathan have collectively invested at Rs.201 per share, higher than the IPO price band of Rs.162-171, signalling confidence in the business, they added.

According to the Red Herring Prospectus, promoters -- Singh and Vishwanathan -- hold, in aggregate, 32.30 per cent stake in the company.

The development comes at a time when primary market investors are closely tracking promoter dilution and valuation metr...