Stories
Paramotor Digital Technology Files UDRHP To Raise Rs 1000 Crore Via IPO
- •Mumbai-based fintech company Paramotor Digital Technology has filed its updated draft red herring prospectus with SEBI to raise Rs 1,000 crore through an initial public offering.
- •The IPO comprises a fresh issue of Rs 698 crore and an offer for sale of up to Rs 302 crore by promoters Sonia Pankaj Asher and Rahul Anand.
- •The company plans to utilize Rs 355 crore for customer acquisition, retention, brand promotion, and business development initiatives.
- •Funds will also be allocated towards technology development, cloud infrastructure services, IT assets, and investments in office infrastructure.
- •Motilal Oswal Investment Advisors and Equirus Capital have been appointed as the merchant bankers for the public issue.
Key Questions Answered
Paramotor Digital Technology plans to raise Rs 1,000 crore through its initial public offering, which comprises a fresh issue of Rs 698 crore and an offer for sale (OFS) of up to Rs 302 crore by promoters Sonia Pankaj Asher and Rahul Anand. The company may also consider a pre-IPO placement of up to Rs 139.6 crore, which would reduce the fresh issue size accordingly.
The company plans to allocate Rs 355 crore from the net proceeds toward customer acquisition, retention, brand promotion, and business development initiatives. Additionally, Rs 94 crore will go towards technology development, cloud infrastructure services, and IT assets, while Rs 38 crore will be used for office infrastructure investments, with the remainder designated for general corporate purposes.
The Mumbai-based fintech company initially filed its IPO papers through SEBI's confidential pre-filing route in May 2026 before receiving regulatory approval in August 2026, subsequently filing its updated draft red herring prospectus on October 14, 2026.
