StockGro parent AssetGro Fintech files confidential pre-filed IPO papers with SEBI
The proposed IPO is expected to be in the range of ₹2,000-2,500 crore, say sources
AssetGro Fintech Ltd, the parent company of StockGro, has submitted preliminary papers to the Securities and Exchange Board of India (Sebi) to raise between ₹2,000-2,500 crore through an Initial Public Offering (IPO) using a confidential route. Under this route, companies can keep their draft offer documents confidential until the regulatory review process advances further.
The pre-filed draft red herring prospectus was filed with Sebi and the stock exchanges on September 26. The company has not disclosed details about the offer structure, financial performance, valuation, or listing timeline. The proposed IPO is anticipated to be in the ₹2,000-2,500 crore range, with a potential fresh issue of ₹800 crore and an Offer For Sale (OFS) by existing shareholders.
StockGro, a Bengaluru-based platform, offers stock analysis, strategy-building, portfolio-tracking tools, and trade ideas from Sebi-registered research analysts.
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