StockGro Parent Company AssetGro Fintech Plans Rs 536 Crore IPO
StockGro, a platform for social investing and stock market advisory, is under the umbrella of its parent company, AssetGro Fintech, which is preparing to secure Rs 536 crore through a new issuance of equity shares as part of its upcoming initial public offering (IPO). According to filings made with the Registrar of Companies (RoC), AssetGro Fintech Ltd, which oversees StockGro, has approved the issuance of up to Rs 536 crore in fresh equity alongside an offer for sale (OFS) by current shareholders. However, specific details regarding the size of the OFS have not been released in the official resolution.
StockGro’s Fundraising Ambitions
Media reports indicate that StockGro aims to gather between Rs 2,000 crore and Rs 2,500 crore through its initial public offering. Additionally, there is a possibility for the company to generate up to Rs 107.2 crore by way of a pre-IPO placement prior to the official offer. The amount raised from this placement will subsequently be subtracted from the fresh issue, as noted in the filings.
IPO Details Awaited
As of now, the company has not revealed the final details regarding the size of the IPO, its pricing structure, valuation, or the expected timeline for listing.
Leadership Changes Ahead of IPO
In a separate announcement preceding its IPO, StockGro has resolved to appoint Dinesh Chander Patwari, Yatrik Rushikesh Vin, and Divya Dwivedi as independent directors for terms of five years. The company is also considering offering a directorial role to Diyanshi Agrawal as a nominee director.
Company Background
Launched in 2020 by the former venture capitalist Ajay Lakhotia, StockGro aims to create a comprehensive ecosystem for smarter trading and investment. The platform delivers expert insights and AI-driven research through a social-first, community-centric approach. To date, the company has attracted over $100 million in investments from various sources, including BITKRAFT Ventures, SBI Ventures, Root Ventures, and General Catalyst among others.
Financial Performance
StockGro is yet to disclose its financial results for FY26. However, its operating revenue rose significantly by 30.99% to Rs 113.33 crore in FY25, up from Rs 86.52 crore in FY24. The company also reported a profit of Rs 34.64 crore in FY25, in contrast to a loss of Rs 101.17 crore in the previous fiscal year.