Paramotor Digital Files Confidential IPO Papers With SEBI

Fintech and enterprise technology firm Paramotor Digital Technology has confidentially filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), joining a growing list of new-age companies looking to tap the public markets.

The company has chosen SEBI’s confidential pre-filing route, which allows firms to submit IPO documents without immediately making business and financial details public. This route gives companies greater flexibility to assess market conditions before formally launching the issue.

Founded in 2016, Paramotor Digital operates across fintech and enterprise technology segments. Its portfolio includes spend management platform SpendPro, rewards and gifting platform RewardOn, e-commerce platform yayyy.shop, and software services business DevStack.

The company is planning a mainboard listing, although details such as issue size and valuation have not yet been disclosed due to the confidential filing process.

Paramotor Digital’s move comes amid rising interest among technology-focused firms in using the confidential IPO route introduced by SEBI, which has also been adopted by several startups and digital-first businesses in recent years.