IPO · Financial Services

Paramotor Digital Technology receives SEBI approval for IPO

By Startup Enthusiast · 27 August 2026

What they do

Paramotor Digital Technology provides spend management, loyalty rewards, digital gifting, and enterprise software services across India

The company secured approval from SEBI (Securities and Exchange Board of India) for its initial public offering (IPO)

The clearance follows confidential draft papers submitted in May 2026, giving the firm an 18-month window to list shares

Paramotor Digital Technology secured regulatory clearance from SEBI for its proposed initial share sale.
The business submitted its early offer documents via the confidential pre-filing track on 17 May 2026.
The market watchdog granted its final observation on 25 August 2026.
Paramotor Digital Technology can bring its IPO to the market anytime within the next 18 months.
Motilal Oswal Investment Advisors and Equirus Capital are working as the book-running lead managers for the transaction.

Paramotor Digital Technology runs an asset-light technology operation established in 2016.
Its SpendPro service provides prepaid cards and direct-to-consumer spending controls like real-time notifications and quick card freezing.
The RewardOn system handles customer loyalty programs, channel incentives, and workplace rewards for enterprise clients.
Its direct-to-consumer store yayyy.shop sells digital vouchers and prepaid gift cards from over 232 brands.
The DevStack unit builds enterprise software, offering APIs (application programming interfaces) and SDKs (software development kits).
The company delivers its technology services to retail shoppers and corporate clients across India.