Paramotor Digital Technology Files Confidential Draft Papers With SEBI For IPO
Paramotor Digital Technology Files Confidential Draft Papers With SEBI For IPO
Publish Date: 2026-05-17 06:43:00
Source Domain: www.ndtvprofit.com
Fintech and enterprise technology firm Paramotor Digital Technology Ltd. has confidentially filed draft papers with markets regulator Sebi for an initial public offering (IPO), according to a public notice issued by the company.
The company submitted its draft papers under Sebi’s pre-filing route, which allows issuers to keep details related to the issue size and other key information confidential until a later stage.
This route has been increasingly favoured by companies seeking more flexibility in their IPO preparations and responding to market conditions before a public filing.
In a public notice, Paramotor said it has filed “the pre-filed draft red herring prospectus with Sebi and the stock exchanges… in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges”.
According to sources, Motilal Oswal Investment Advisors and Equirus Capital are the book-running lead managers to the issue.
Incorporated in 2016, Paramotor Digital Technology operates a diversified technology platform catering to both consumers and enterprises across India. Its business spans consumer spend management, rewards and loyalty solutions, digital gifting and enterprise technology services.
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Paramotor’s portfolio includes SpendPro, a prepaid card-based spend management platform; RewardOn, an enterprise rewards and loyalty management solution; yayyy.shop, a direct-to-consumer digital gifting marketplace; and DevStack, its enterprise technology and software development services vertical.
The company’s asset-light, technology-driven business model positions it to benefit from increasing digital adoption in consumer spending, enterprise engagement and business process digitisation.
Its yayyy.shop platform offers consumers…
