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Investment advisory startup StockGro pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO) earlier this week. StockGro’s parent AssetGro Fintech Ltd announced that it has pre-filed DRHP with SEBI, BSE and NSE under the confidential pre-filing route on September 26. As per a report by PTI, StockGro is looking to raise up to ₹2,000 Cr-₹2,500 Cr via the IPO, which could include a fresh issue of around ₹800 Cr and an offer for sale (OFS) by existing shareholders. The final issue size and structure could also change during the IPO process. Inc42 has reached out to StockGro seeking comments on its proposed listing plans. The story will be updated based on the company’s responses. To note, the startup raised two equity funding rounds within a month in December last year. After raising ₹150 Cr from Param Capital founder Mukul Agrawal in a Series B round, the investment tech startup raised $13 Mn in its Series B1 funding round from existing investor BITKRAFT Ventures. StockGro is a fintech platform focused on stock-market research, investing and trading. The app combines market research with a social layer, allowing users to track stocks, study portfolios, follow other investors and interact with market experts. It also offers users research and trade ideas from SEBI-registered analysts, along with tools for deeper analysis. StockGro recently introduced Stoxo, an AI-powered research assistant that helps users analyse stocks, markets, mutual funds and other investment themes. As of 2026, the startup claims to have raised $110 Mn in total equity funding and has served over 4.5 Cr users. It counts investors like Roots Ventures, General Catalyst, Nazara cofounder Nitish Mittersain, among others, as its backers. StockGro adds to the growing list of startups taking the confidential route to go public in recent times. While Spinny pre-filed its IPO papers earlier this month, companies like Kuku, Razorpay and MakeMyTrip also filed confidential DRHPs in 2026. Meanwhile, Snapdeal parent AceVector, which also had taken the confidential route to file for an IPO last year, completed its initial public offering today.
document fetched 2026-09-30 03:02 · canonical https://inc42.com/buzz/stockgro-confidentially-files-ipo-papers-eyes-up-to-%e2%82%b92500-cr-issue