StockGro IPO: ₹2,500 Crore Confidential Filing, Details & Timeline
AssetGro Fintech Ltd, the Bengaluru-based parent of stock-market research and social investing platform StockGro, has confidentially pre-filed its draft red herring prospectus (DRHP) with SEBI and the stock exchanges for a proposed initial public offering (IPO) reported to be worth ₹2,000–2,500 crore. The company confirmed the pre-filing in a public notice dated 26 September 2026, joining a growing list of Indian startups using SEBI's confidential route to market.
No price band, subscription dates or listing timeline have been announced yet. Because the filing is confidential, the detailed offer document is not in the public domain — the figures below are market-reported and subject to change as the process advances.
StockGro IPO: key details at a glance
| Detail | Figure / Status |
|---|---|
| Company | AssetGro Fintech Ltd (operator of StockGro) |
| Proposed issue size | ₹2,000–2,500 crore (market-reported, not confirmed) |
| Fresh issue | ~₹800 crore (market-reported) |
| Offer for sale | Balance of the issue, by existing shareholders (market-reported) |
| Filing route | Confidential pre-filing with SEBI and the exchanges |
| Pre-filing notice date | 26 September 2026 |
| Book running lead manager | Emirates NBD Capital (reported) |
| Listing | Mainboard (BSE and NSE proposed); dates not announced |
| Price band / lot size | Not announced |
What is a confidential DRHP filing?
SEBI introduced the confidential pre-filing mechanism in November 2022. Under it, a company submits its draft prospectus directly to the regulator and the stock exchanges without immediate public disclosure. The document is made public later in the process, once SEBI's observations are addressed and the company moves closer to launching the issue. The route lets companies test regulatory feedback and refine their documents away from public scrutiny — a path also taken in 2026 by companies such as Spinny, Kuku and Razorpay, according to market reports.
For investors, this means the usual DRHP details — financials, risk factors, objects of the issue and valuation — are not yet available for StockGro. They will emerge only when the updated public DRHP is filed.
What StockGro does
Founded in 2020 and headquartered in Bengaluru, StockGro is a stock-market research and social investing platform. It offers stock analysis, portfolio tracking and strategy-building tools, alongside trade ideas from SEBI-registered research analysts, and a social layer that lets users follow and learn from other traders. The company says it has served more than 4.5 crore users and raised over $110 million in equity funding, with backers including General Catalyst, BITKRAFT Ventures, Roots Ventures, Valiant Capital, Rise Capital and Trifecta Capital.
Reported FY25 figures put operating revenue at roughly ₹113 crore with profit after tax of about ₹35 crore — a profitable profile that is relatively uncommon among early-stage consumer fintech startups. More recently, the company raised ₹150 crore in a Series B round in December 2025 led by Param Capital founder Mukul Agrawal, followed by a $13 million Series B1 round from existing investor BITKRAFT Ventures. It has also launched Stoxo, an AI-driven research assistant covering stocks, market trends and mutual funds.
What the reported ₹800 crore fresh issue could fund
- Expansion into advanced wealth-management products
- Technology infrastructure, including AI research tools such as Stoxo
- User acquisition in Tier-2 and Tier-3 cities
- General corporate purposes, as is typical for a fresh issue of this kind
The objects of the issue will only be confirmed in the public DRHP, so treat the above as reported intent rather than a confirmed use-of-proceeds statement.
Why this IPO matters
StockGro sits at the intersection of two busy 2026 themes: retail investor growth in India and the wave of startup IPOs. A ₹2,000–2,500 crore issue would place it among the larger fintech listings of the year, and its reported profitability gives it a different pitch from loss-making consumer-tech debuts. The key questions for the public DRHP will be valuation, revenue growth, user monetisation, and how much of the issue is fresh capital versus existing shareholders selling down.
Investors should also watch the broader IPO pipeline: large multinational-backed issues are advancing too — Carlsberg India filed an updated DRHP for a pure offer for sale of 8.64 crore shares, covered in our Carlsberg India IPO deep-dive. For the biggest recent debut, see our coverage of the Jio Platforms IPO, India's largest IPO, which listed in October 2026.
StockGro IPO timeline: what happens next
| Stage | Status |
|---|---|
| Confidential pre-filing | Done — public notice dated 26 September 2026 |
| SEBI observations | Pending / under review |
| Public (updated) DRHP | To be filed after SEBI clearance |
| Price band & dates | Not announced |
| Listing | Not announced |
FAQs
Has StockGro filed its IPO papers?
Yes — parent company AssetGro Fintech confidentially pre-filed its draft papers with SEBI and the stock exchanges, as confirmed in a public notice dated 26 September 2026. The document itself is not public yet.
How big is the StockGro IPO?
Market reports put the issue at ₹2,000–2,500 crore, including a fresh issue of around ₹800 crore and an offer for sale by existing shareholders. These figures are unconfirmed and may change.
When will the StockGro IPO open?
No dates have been announced. The issue can only open after SEBI clears the confidential draft and the company files a public updated DRHP with a price band.
Who is managing the StockGro IPO?
Emirates NBD Capital has been reported as the book running lead manager for the proposed offering.
Is StockGro profitable?
Reported FY25 figures show operating revenue of roughly ₹113 crore and profit after tax of about ₹35 crore. Audited figures will be confirmed in the public DRHP.
Conclusion
StockGro's confidential IPO filing puts a ₹2,000–2,500 crore fintech listing firmly on the 2026–27 pipeline, but investors will have to wait for the public DRHP for the numbers that matter — price, valuation, financials and dates. Until then, the confirmed facts are the 26 September 2026 pre-filing, the reported issue structure, and a profitable, 4.5-crore-user platform heading for the mainboard. We will update this coverage when the public DRHP is filed.
Disclaimer: Issue size, fresh-issue and OFS figures are market-reported and unofficial, and may change. This article is for information only and is not investment advice.