AssetGro Fintech to file DRHP with Sebi for Rs 2,000-2,500 cr IPO

Mumbai: AssetGro Fintech, which operates stock market research and advisory platform StockGro, is likely to file draft papers with the Securities and Exchange Board of India (Sebi) through the confidential route for a ₹2,000-2,500 crore initial public offering (IPO), people familiar with the matter told ET.

The Bengaluru-based fintech startup could file the draft red herring prospectus (DRHP) before the end of September, the people said.

The proposed IPO is likely to include a fresh issue of around ₹800 crore, with the balance comprising an offer for sale (OFS) by existing shareholders.


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Emirates NBD Capital is the book-running lead manager to the issue.

AssetGro and Emirates did not respond to emails.

The confidential filing route allows companies to submit draft IPO documents to Sebi without making them immediately available in the public domain. The offer documents are subsequently made public as companies move closer to launching the IPO.

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Founded in 2020, StockGro offers stock analysis, strategy-building and portfolio-tracking tools, along with trade ideas backed by Sebi-registered research analysts. The platform also allows users to research and track stocks and build investment strategies.