Paramotor Digital Technology Ltd, a fintech and enterprise technology firm, has confidentially submitted draft documents to the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), as indicated in a public notice from the company.
The company utilized SEBI’s pre-filing route, which allows firms to keep critical details such as issue size under wraps until a later stage. This method is gaining traction among companies that prefer to adapt to market conditions before making a public filing.
Paramotor’s announcement confirms that it has filed a pre-filed draft red herring prospectus with SEBI and the stock exchanges regarding its upcoming IPO of equity shares on the main board of those exchanges. According to industry sources, Motilal Oswal Investment Advisors and Equirus Capital have been appointed as the book-running lead managers for this offering.
Founded in 2016, Paramotor Digital Technology operates a diverse technology platform that serves both consumers and enterprises throughout India. The company’s wide-ranging business includes consumer spend management, rewards and loyalty solutions, digital gifting, and a suite of enterprise technology services.
Paramotor’s offerings comprise SpendPro, a prepaid card-based spending management platform; RewardOn, focused on enterprise rewards and loyalty management; yayyy.shop, a digital gifting marketplace aimed at consumers; and DevStack, which provides enterprise technology and software development services.
The company leverages an asset-light, technology-driven business model designed to capitalize on the growing trend of digital adoption in consumer spending, enterprise engagement, and the digitization of business processes.
The yayyy.shop platform gives consumers access to prepaid and branded gift cards across various categories, while RewardOn facilitates the design and management of digital reward programs for employee engagement, customer loyalty, and channel incentives. DevStack specializes in creating business-critical software applications and enterprise platforms, assisting organizations in building tailored and scalable digital solutions.
The IPO announcement was publicly released on May 17, 2026.
