# Paramotor Digital receives SEBI observation for IPO

_Monday, August 24, 2026 at 8:00 PM EDT · Capital, Products · Latest · Tier 2 — Notable_

![Paramotor Digital receives SEBI observation for IPO — Primary](https://im.rediff.com/news/2025/jul/17ipo2.gif?fr=money)

Paramotor Digital Technology received SEBI's final observation on August 25 after confidentially filing draft IPO papers in May, according to Rediff Money. The approval lets the Indian fintech continue preparations for a public issue, subject to regulatory requirements. Issue size and other details remain confidential under SEBI's pre-filing route. Paramotor operates consumer spend-management, rewards, digital-gifting and enterprise-software businesses, including SpendPro, RewardOn, yayyy.shop and DevStack. Motilal Oswal Investment Advisors and Equirus Capital are listed as lead managers.

## Sources

- [Rediff Money](https://money.rediff.com/news/market/paramotor-digital-technology-secures-sebi-nod-for-ipo/53268420260827)

---
Canonical: https://techandbusiness.org/newswire/ImLL8fomRS2oHRMGvmtP2M
Retrieved: 2026-08-27T11:53:19.631Z
Publisher: Tech & Business (techandbusiness.org)