Paramotor Digital Technology Gets SEBI Nod For IPO After Confidential Filing

Fintech company Paramotor Digital Technology Ltd has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).

What Has SEBI Approved For Paramotor Digital Technology?

Paramotor Digital has received SEBI approval to proceed with its IPO. The fintech had filed its draft papers on 17 May 2026, using the regulator's confidential pre-filing route. Under this mechanism, companies can submit their draft offer documents to SEBI without putting them in the public domain at the initial stage.

What Businesses Does Paramotor Digital Technology Operate In?

Founded in 2016, Paramotor Digital operates across consumer spend management, rewards and loyalty, digital gifting and enterprise technology services. Its portfolio includes SpendPro, RewardOn, yayyy.shop and DevStack, covering both consumer and enterprise use cases.

Its SpendPro platform is built around prepaid card-based spending management. The company also operates RewardOn, an enterprise rewards and loyalty management solution that allows businesses to design, manage and distribute digital rewards programmes.

RewardOn caters to areas such as employee engagement, customer loyalty and channel incentives.

For consumers, Paramotor Digital operates yayyy.shop, a direct-to-consumer digital gifting marketplace offering prepaid cards and branded gift cards across multiple categories.

The company's DevStack business provides software development and enterprise technology services.

Who Leads Paramotor Digital Technology?

Paramotor Digital is led by Executive Chairperson Sonia Asher and Managing Director Rahul Anand. Their professional backgrounds include experience in banking, payments and information technology.

The company's business portfolio brings together its consumer-facing and enterprise offerings under its broader fintech operation.

With the SEBI approval now in place, Paramotor Digital is preparing for its proposed public-market debut. The next details on the IPO will come through the company's public offer documents and regulatory disclosures, including information on the issue's size and structure.

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