Home / Business and Economy / StockGro Files for IPO, Aims for ₹2,500 Cr
StockGro Files for IPO, Aims for ₹2,500 Cr
29 Sep
Summary
- StockGro pre-filed its draft prospectus for an IPO with SEBI.
- The fintech startup aims to raise ₹2,000 Cr to ₹2,500 Cr.
- StockGro offers stock-market research and social investing features.
Investment advisory startup StockGro has taken a significant step towards going public by pre-filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). This confidential filing was submitted on September 26, 2026, indicating the company's intent to launch an initial public offering (IPO).
StockGro, operated by parent company AssetGro Fintech Ltd, is targeting a substantial fundraising, with plans to raise between ₹2,000 Cr and ₹2,500 Cr. This amount may comprise a fresh issue of shares valued at around ₹800 Cr, alongside an offer for sale by its existing shareholders. The precise size and structure of the offering are subject to change as the IPO process progresses.
The fintech platform, which has served over 4.5 Cr users, offers a unique blend of stock-market research, investing tools, and a social layer. Users can track stocks, analyze portfolios, connect with market experts, and access research and trade ideas from SEBI-registered analysts. Recently, StockGro introduced Stoxo, an AI-powered assistant designed to help users with market analysis.
StockGro joins a growing number of startups opting for the confidential IPO filing route. Companies like Spinny, Kuku, Razorpay, MakeMyTrip, and AceVector have also utilized this process. Notably, AceVector, the parent company of Snapdeal, completed its initial public offering today, following its confidential filing last year.
