StockGro files confidential IPO papers, eyes up to ₹2,500 crore
Kalpana Maurya
1 Oct 2026 · 2 min read
AssetGro Fintech, which runs the investing and market research app StockGro, has pre-filed draft IPO papers with SEBI, BSE and NSE under the confidential route. Reports put the issue at ₹2,000-2,500 crore, adding StockGro to a growing list of Indian startups taking this path to listing.
AssetGro Fintech Ltd, the parent of Bengaluru-based investing platform StockGro, said it pre-filed its draft red herring prospectus (DRHP) with SEBI, BSE and NSE on 26 September 2026 under the confidential pre-filing route, Inc42 reported.
Citing PTI, Inc42 said the company is looking to raise ₹2,000-2,500 crore. The issue could include a fresh issue of around ₹800 crore, with the rest coming from an offer for sale (OFS) by existing shareholders. The final size and structure may change as the process moves forward.
What the confidential route means
Under SEBI's confidential pre-filing mechanism, a company submits its draft offer document without making it public straight away. The document is disclosed later, as the company gets closer to launching the issue. This lets a company keep financial and valuation details private during the early stage of regulatory review.
StockGro is one of several startups to use the route in 2026. Inc42 noted that Spinny pre-filed earlier in September, while Kuku, Razorpay and MakeMyTrip also filed confidential DRHPs this year. Snapdeal parent AceVector, which took the same route last year, completed its IPO in late September. Fintech lender Moneyview, which Inc42 described as a rival, listed on 1 October.
Recent funding
StockGro raised two equity rounds within a month in December 2025. It first raised ₹150 crore in a Series B round from Mukul Agrawal, the founder of Param Capital, and then $13 million in a Series B1 round from existing investor BITKRAFT Ventures.
As of 2026, the company says it has raised $110 million in total equity funding. Its backers include Roots Ventures, General Catalyst and Nazara co-founder Nitish Mittersain, among others.
About StockGro
StockGro was founded in 2020 and is run by founder and CEO Ajay Lakhotia. The app focuses on stock-market research, investing and trading, and adds a social layer: users can track stocks, study portfolios, follow other investors and interact with market experts. It also provides research and trade ideas from SEBI-registered analysts.
The company recently launched Stoxo, an AI research assistant that helps users analyse stocks, markets, mutual funds and investment themes. StockGro says it has served more than 4.5 crore users.
In a 2022 interview with IIFL, Lakhotia described the platform's early model as letting users practise investing with virtual money and learn from experts in chat groups, with young earners aged 18 to 25 as its core audience.
Key facts
- Company: StockGro (parent: AssetGro Fintech Ltd)
- Founder and CEO: Ajay Lakhotia
- Filing: confidential pre-filed DRHP with SEBI, BSE and NSE
- Filed on: 26 September 2026
- Proposed issue size: ₹2,000-2,500 crore (reported)
- Fresh issue: about ₹800 crore, rest OFS (reported)
- Total equity raised: $110 million (company claim)
- Users served: over 4.5 crore
Frequently asked questions
Has StockGro filed for an IPO?
Yes. Its parent AssetGro Fintech pre-filed a DRHP with SEBI, BSE and NSE on 26 September 2026 through the confidential route.
How much does StockGro plan to raise?
Reports citing PTI put the IPO at ₹2,000-2,500 crore, including a fresh issue of about ₹800 crore and an offer for sale.
Who founded StockGro?
Ajay Lakhotia, who is the company's founder and CEO.
Who has invested in StockGro?
Backers include BITKRAFT Ventures, General Catalyst, Roots Ventures, Mukul Agrawal and Nitish Mittersain.
