IPO · Financial Services

Paramotor Digital Technology files for IPO

What they do

Paramotor Digital Technology is a Mumbai-based fintech and enterprise technology firm

It confidentially filed a DRHP with SEBI for a main-board IPO; issue size is undisclosed

The company is unfunded (no venture capital) and reported ₹112.3 crore revenue in FY25

Paramotor Digital Technology confidentially filed a draft red herring prospectus (DRHP) with SEBI under the pre-filing route for a main-board IPO.
The issue size has not been disclosed.
The company's revenue for FY 2024-25 was ₹112.3 crore, a 232% year-on-year growth.
Net profit for FY 2024-25 was ₹29.2 crore, up from ₹5.4 crore in FY 2023-24.
The company has no debt on its books and ₹39.5 crore in cash equivalents as of March 2025.
Book-running lead managers are Equirus Capital and Motilal Oswal Investment Advisors.
The confidential pre-filing route lets SEBI review the offer document without immediate public disclosure of financials.

The company is unfunded (no venture capital funding) and is going public directly.
In 2026, 65 companies have filed IPO documents targeting about ₹1.43 lakh crore.
In 2025, 260 companies filed IPO papers seeking about ₹3.97 lakh crore.
Currently, 157 companies with SEBI approval are awaiting market launch to raise ₹2.38 lakh crore.

Paramotor Digital Technology is a Mumbai-based fintech and enterprise technology firm founded in 2016.
Its portfolio includes SpendPro (prepaid card spend management), RewardOn (enterprise rewards & loyalty), yayyy.shop (D2C digital gifting marketplace), and DevStack (enterprise software development).
SpendPro is a D2C spend management platform with virtual cards, real-time transaction feeds, alerts, stored-value limits, and instant card freeze.
RewardOn is an end-to-end rewards and incentives platform for employee engagement, customer loyalty, and channel incentives.
yayyy.shop is a D2C digital gifting marketplace with 232+ brands, prepaid and branded gift cards.
DevStack provides enterprise technology and software development services for customised enterprise software applications.
The company operates an asset-light, technology-driven model.
It had 27 employees as of March 2026.
Tracxn ranks it 6th among 31 competitors in its segment.