StockGro Confidentially Files IPO Papers, Eyes Up To ₹2,500 Cr Issue
Investment advisory startup StockGro pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for…
Startup StockGro has submitted its draft red herring prospectus (DRHP) to India's Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The parent company, AssetGro Fintech Ltd, revealed the confidential pre-filing on September 26. According to PTI, StockGro aims to generate between ₹2,000 Cr and ₹2,500 Cr through the IPO, which could encompass a fresh issuance of around ₹800 Cr and an offer for sale (OFS) from current shareholders.
The ultimate issue size and composition may alter during the IPO process. Inc42 has reached out to StockGro for comments on its listing strategy, and further updates will be provided upon receiving a response. Notably, StockGro secured two equity funding rounds in December last year, raising ₹150 Cr from Mukul Agrawal and $13 Mn from BITKRAFT Ventures.
The fintech platform concentrates on stock-market research, investing, and trading, integrating market analysis with a social component. Users can track stocks, analyze portfolios, follow other investors, and engage with market experts. StockGro also provides research and trade suggestions from SEBI-registered analysts and advanced analysis tools.
With over 4.5 Cr users and $110 Mn in total equity funding as of 2026, StockGro joins a list of startups adopting the confidential route to go public, including Spinny, Kuku, Razorpay, MakeMyTrip, and recently completed IPO by Snapdeal parent AceVector.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
