About Paramotor Digital Technology IPO
Paramotor Digital Technology IPO Details
Paramotor Digital Technology IPO is a main-board book-built issue. The total issue size, fresh issue component, offer for sale (OFS), and face value per share are not announced yet, as the company filed via the confidential pre-filing route. The company filed its confidential DRHP with SEBI on May 16, 2026.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and NSE platforms. The book-running lead managers of the issue are Motilal Oswal Investment Advisors and Equirus Capital, while the registrar to the issue has not been declared yet.
Paramotor Digital Technology IPO Date & Timeline
Paramotor Digital Technology Ltd. officially filed its confidential Draft Red Herring Prospectus (DRHP) on May 16, 2026. However, the specific Paramotor Digital Technology IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Paramotor Digital Technology IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Basis of Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Paramotor Digital Technology IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹[.] Per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| IPO Type | N/A |
| Total Issue Size | - |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | - |
| Share Holding Post Issue | - |
Paramotor Digital Technology IPO GMP (Grey Market Premium)
"Grey Market Premium" or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Paramotor Digital Technology IPO GMP is currently not available, as the company has only filed its confidential DRHP and the price band has not been announced. Grey market activity will begin once the IPO opening date is confirmed. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Paramotor Digital Technology Ltd. was incorporated in November 2016 in Mumbai, Maharashtra, founded by Sonia Asher and Rahul Anand, who have a collective experience of 50 years in banking, payments and the IT industry. The company is a DPIIT-certified fintech company registered under the Start-up India programme of the Government of India.
The company evolved from a payment service provider to a Software as a Service (SaaS) provider for expense management and loyalty solutions, including program management and distribution of prepaid cards and brand vouchers. Paramotor also operates as a banking correspondent and agent institution for Bharat Connect in the fintech domain. With solutions that cater to modern financial needs, Paramotor aims to digitise and enrich the lives of millions across the country. The company has 11-50 employees.
Operations & Product Range
Paramotor Digital Technology Ltd. operates across four key business verticals: SpendPro, a prepaid card-based spend management platform for consumer and corporate expense control; RewardOn, an enterprise rewards and loyalty management solution enabling businesses to design and distribute digital rewards programmes for employee engagement, customer loyalty and channel incentives; yayyy.shop, a D2C digital gifting marketplace offering prepaid cards and branded gift cards across multiple categories; and DevStack, its enterprise technology and software development services vertical helping organisations build customised and scalable digital solutions.
The company specialises in payment solutions, including Rupay Prepaid Gift Cards, an expense management solution and gift vouchers. Their products aim to facilitate easier financial transactions for both individuals and corporations, with a focus on accessibility for those with limited banking options. They provide a comprehensive spend management system that integrates rewards recognition and employee spend management. The company serves both B2C and B2B segments, combining fintech infrastructure with enterprise technology capabilities.
Facilities & Capacity
Paramotor Digital Technology Ltd. operates primarily through its digital platforms and technology infrastructure, with headquarters at New Link Road, Andheri (West), Mumbai, Maharashtra. The company follows an asset-light model, relying on technology-driven delivery systems rather than heavy physical infrastructure. Specific information relating to additional office locations, technology infrastructure and operational footprint will be updated from official offer documents once published.
Brands & Market Presence
Paramotor Digital Technology operates under its corporate name with a portfolio of branded platforms, including SpendPro, RewardOn, yayyy.shop and DevStack. The company has established a presence in India's growing fintech and enterprise technology ecosystem, serving consumers through digital gifting and spend management while enabling enterprises to manage rewards and build custom software solutions. Its market position is supported by the rapid shift toward digital payments, corporate digitisation and D2C commerce in India. The company is dedicated to customer support and aims to partner with various financial institutions to enhance their offerings.
Revenue Streams & Business Model
The primary revenue sources of Paramotor Digital Technology Ltd. include platform fees from spend management services, enterprise rewards and loyalty programme management, digital gifting marketplace commissions, and enterprise software development contracts. For FY25, the company reported revenue of ₹112 crore, recording a compounded annual growth rate (CAGR) of 232% over the preceding year. The authorised capital stood at ₹75 crore as of February 27, 2026, while paid-up capital was ₹38.8 crore. In 2023, Paramotor had a promoter holding of 99.85% and a public holding of 0.14%.
Management & Shareholding
The promoters and founders of Paramotor Digital Technology Ltd. are Sonia Asher and Rahul Anand, who collectively have 50 years of experience in Banking, Payments and Information Technology. In 2023, the company had a promoter holding of 99.85% and a public holding of 0.14%.
Detailed promoter shareholding percentages (pre-IPO and post-IPO), investor stake and expected post-issue dilution are not publicly disclosed yet as the DRHP remains confidential.
Board & Key Management
The leadership of Paramotor Digital Technology Ltd. is led by Sonia Asher, Executive Chairperson, and Rahul Anand, Managing Director, with a collective experience of 50 years in Banking, Payments and Information Technology (IT) Industry.
Full board composition, independent directors and other key managerial personnel details are not yet available in public disclosures.
Paramotor Digital Technology IPO Financial Information
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2024 | — | — | — | — | — | — |
| 31 Mar 2023 | — | — | — | — | — | — |
| 31 Mar 2022 | — | — | — | — | — | — |
| Amount in ₹ Crore | ||||||
Paramotor Digital Technology Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
Paramotor Digital Technology IPO Objectives
The company intends to utilise the Paramotor Digital Technology IPO proceeds for strategic purposes such as:
- • Funding technology upgrades and product development
- • Expanding consumer and enterprise platform offerings
- • Strengthening working capital and operational scale
- • General corporate purposes
The exact objectives of the issue will be updated from the DRHP once publicly available.
Paramotor Digital Technology IPO Review
Paramotor Digital Technology Ltd. operates in India's fintech and enterprise software space, where digital payments, loyalty management and embedded finance continue to gain traction.
Financially, the company has reported ₹112 crore in revenue for FY25 and a 232% CAGR, suggesting strong growth momentum. The company is DPIIT certified and registered under the Start-up India programme of the govt. of India, adding credibility to its operations.
However, investors must assess the risks carefully, including competition in fintech and SaaS, monetisation pressure, customer acquisition costs, regulatory scrutiny in financial services, and execution risks as the company scales.
Conclusion
Paramotor Digital Technology IPO is an opportunity for investors who want to invest in a diversified fintech and enterprise technology company. The company's asset-light model, multi-product ecosystem, DPIIT certification, Start-up India registration and rapid revenue growth are notable strengths for investors.
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Competitive Strengths
Diversified platform spanning spend management, rewards, gifting and enterprise software
Asset-light and technology-driven operating model
Strong revenue growth with FY25 revenue of ₹112 crore and 232% CAGR
DPIIT-certified and registered under the Start-up India program
Leadership with 50 years of collective experience in banking, payments and technology
Exposure to India's growing digital payments and enterprise digitisation trends
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 15/05/2026 | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 0 | 0 | 0 |
| Individual investors (Retail) (Max) | 0 | 0 | 0 |
| S-HNI (Min) | 0 | 0 | 0 |
| S-HNI (Max) | 0 | 0 | 0 |
| B-HNI (Min) | 0 | 0 | 0 |