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Stock market research platform AssetGro Fintech plans Rs.2,500-Cr IPO

Economic Times   AssetGro Fintech  

Bengaluru-based AssetGro Fintech is preparing to file draft papers through the confidential route for an initial public offering (IPO), aiming to raise between INR 2,000-Cr and INR .2,500-Cr. The transaction is expected to include a fresh issue of approximately INR 800-Cr, with the remainder of the capital to be raised through an offer for sale by existing shareholders. Emirates NBD Capital has been appointed as the lead manager for the transaction.Founded in 2020, AssetGro Fintech operates StockGro, a platform that provides stock analysis, strategy-building, and portfolio-tracking tools, alongside trade ideas developed by research analysts. The company intends to use the capital raised from the fresh issue to support growth.

Between Jul 2021 and Nov 2025, StockGro had attracted about $ 84 M from Dholakia Ventures, Roots Ventures, Velo Partners, Bitkraft, General Catalyst Partners, Qi Ventures, Rise Capital, Trifecta Capital, Valiant Capital, Others.For FY25, StockGro had reported about INR 113 Cr in Operating Income and about INR 35 Cr in PAT.