StockGro Parent AssetGro Fintech Plans ₹2,500 Crore IPO
· Business · Economic Times
Bengaluru-based fintech startup AssetGro Fintech, which operates the stock market research platform StockGro, is preparing to file its draft red herring prospectus with the Securities and Exchange Board of India. The company intends to raise between ₹2,000 crore and ₹2,500 crore through the initial public offering. The proposed issue includes a fresh equity component of approximately ₹800 crore, with the remaining balance to be raised through an offer for sale by existing shareholders. The firm has appointed Emirates NBD Capital as the lead manager for the transaction. The filing is expected to be submitted via the confidential route by the end of September.
Why it matters
This IPO marks a significant liquidity event for StockGro's early investors and provides the firm with fresh capital to expand its stock analysis and strategy-building tools for retail investors.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.