AssetGro Fintech is set to take a major step toward the public market. The Bengaluru-based fintech firm may file its draft IPO papers with the Securities and Exchange Board of India, or SEBI, before the end of September 2026.
The proposed initial public offer may raise between ₹2,000 crore and ₹2,500 crore. About ₹800 crore of the IPO may come from a fresh issue of shares. The rest may come through an offer for sale, or OFS, by existing shareholders.
The details come from people familiar with the matter, as reported by The Economic Times on September 24, 2026. AssetGro runs StockGro, a platform that gives users stock research, market advice and tools for portfolio and strategy work.
The proposed IPO shows how Indian fintech firms continue to move toward the public market. AssetGro is now at the stage where it may submit its Draft Red Herring Prospectus, or DRHP, to SEBI.
IPO Size May Reach ₹2,500 Crore
The proposed size of the AssetGro IPO is between ₹2,000 crore and ₹2,500 crore. This makes it a sizeable public issue for a fintech company.
About ₹800 crore may come from the fresh issue. This part of the IPO will create new shares for investors. The company will receive the money from this portion, subject to the final terms of the offer.
The remaining amount will come from an OFS by existing shareholders. In an OFS, current shareholders sell some of their shares to new investors. The money from those shares goes to the shareholders who sell them rather than to the company.
This means the proposed IPO has two clear parts. One part can add fresh capital to AssetGro, while the other can give existing shareholders a route to sell part of their holdings.
The exact number of shares, final price and final issue size are not yet set. These details will come at a later stage of the IPO process.
AssetGro May Use the Confidential Route
AssetGro is likely to use SEBI’s confidential filing route for its draft IPO documents.
This route allows a company to submit its draft IPO papers to SEBI without making the full documents public at once. The documents can become public later as the company moves closer to the IPO.
This gives a company more time to work through the IPO process before all the details become available to the wider market.
The confidential route does not mean that the IPO is confirmed for a particular date. AssetGro still has to go through the regulatory process, and the final IPO plan can change before the public offer.
According to the report, AssetGro could submit its DRHP before the end of September 2026.
Emirates NBD Capital to Lead the IPO
Emirates NBD Capital has been appointed as the book-running lead manager for the proposed issue.
The lead manager has an important role in an IPO. It helps the company prepare the offer, work with regulators, assess investor demand and manage the share sale process.
The appointment of Emirates NBD Capital is another key step for AssetGro as it moves toward a possible public listing.
AssetGro and Emirates NBD Capital did not respond to emails from The Economic Times about the proposed IPO, according to the report.
The company has not yet released all the final details of the issue. So, the ₹2,000 crore to ₹2,500 crore size should be viewed as a proposed range rather than a final IPO figure.
What Is StockGro?
AssetGro Fintech was founded in 2020. Its main platform is StockGro, a stock market research and advisory service.
StockGro offers tools for stock analysis, strategy building and portfolio tracking. It also gives users access to trade ideas backed by SEBI-registered research analysts.
The platform allows users to study stocks and track their market activity. Users can also build investment strategies through the platform.
This puts StockGro in a market where many people now seek digital tools for market research and investment decisions.
The company has built its business around the idea of making market information and research easier to access through a digital platform.
A Different Model From a Simple Stock App
StockGro is not only a basic stock price tool. Its platform includes several features for people who want to study the market.
Users can research stocks, follow their portfolios and create strategies. The platform also provides trade ideas from SEBI-registered research analysts.
This combination gives AssetGro a presence across several parts of the retail investment market.
For a fintech company, a large digital user base can create room for more products and services. However, the company will still need to show that its business model can grow in a stable way as it moves from the private market to the public market.
The DRHP will provide more details on its financial results, business model, risks, shareholders and use of funds once the relevant documents become public.
Why the Fresh Issue Matters
The proposed ₹800 crore fresh issue is an important part of the IPO.
A fresh issue creates new shares. The money from these shares goes to the company. This can give AssetGro additional capital for business needs.
The final use of this money will become clearer after AssetGro files its formal IPO documents. The DRHP is expected to provide more detail on how the company plans to use the fresh capital.
For investors, this section of the IPO can help show how the company plans to use new funds after the public offer.
The fresh issue also differs from the OFS portion. The OFS does not add new capital to the company because existing shareholders sell their shares.
What the Offer for Sale Means
The proposed IPO may have a large OFS component because the total issue could reach ₹2,000 crore to ₹2,500 crore, while the fresh issue is expected to be about ₹800 crore.
This means the majority of the proposed IPO value may come from shares sold by current shareholders.
An OFS gives existing investors a way to sell part of their holdings through the public market. It can also help create a wider shareholder base after the listing.
The exact shareholders who may sell shares, as well as the number of shares each one may offer, are not part of the details available in the September 24 report.
Those details should become clearer once the company files and later makes its offer documents public.
The Next Step Is the DRHP
The next major step for AssetGro is the filing of its Draft Red Herring Prospectus with SEBI.
The DRHP is a key IPO document. It contains detailed information about the company, its business, finances, risks, shareholders and the proposed share sale.
SEBI then reviews the document as part of the regulatory process.
AssetGro may submit the document through the confidential route before the end of September. The use of this route means the public may not see the full draft at the time of submission.
The offer documents can become public later as the company moves closer to its IPO.
No Final IPO Date Yet
AssetGro has not set a final date for the public issue in the information available on September 24.
The current report only says that the company could file its draft papers with SEBI before the end of September.
That is an important difference. Filing the DRHP does not mean the IPO will open immediately.
There are several steps between a draft filing and the actual share sale. The company must go through the regulatory process, address comments where required and prepare the final offer documents.
The final price, number of shares and IPO dates can also depend on market conditions and the company’s final plans.
What Investors Will Watch
Once more information becomes public, investors will have several areas to study.
The first will be AssetGro’s financial performance. Investors will want to understand the company’s revenue, profit, cash position and business growth.
The second will be StockGro’s user base and business model. Since the platform operates in the digital investment space, its ability to retain users and create sustainable revenue will be important parts of its public-market story.
The third area will be the use of the ₹800 crore fresh issue. Investors will want to see where the company plans to put the new money and how that capital may support future business growth.
The fourth area will be the OFS. Investors will be able to see which existing shareholders plan to sell shares and how much of their stake they may sell.
These details will become clearer through the formal IPO documents.
AssetGro Joins a Busy IPO Market
AssetGro’s proposed IPO comes at a time when India’s IPO market has several large deals and proposed listings.
On September 24, 2026, the National Stock Exchange of India also made its market debut after its large IPO. Other companies have also moved toward the public market this year.
The proposed AssetGro issue adds another fintech name to the list of companies that want a public-market presence.
The company operates in a sector that has seen strong interest from investors, as digital finance and online investment tools have grown across India.
However, each IPO has its own business model and financial profile. AssetGro’s future offer documents will give investors a clearer view of its own position.
What Comes Next for AssetGro
AssetGro now faces the next major stage of its IPO plan: the draft filing with SEBI.
The company may file its DRHP before the end of September 2026 through the confidential route. The proposed IPO may raise ₹2,000 crore to ₹2,500 crore, with about ₹800 crore from a fresh issue and the balance from an OFS by existing shareholders.
Emirates NBD Capital will act as the book-running lead manager.
AssetGro was founded in 2020 and operates StockGro, a platform for stock research, strategy creation and portfolio tracking. The platform also provides trade ideas backed by SEBI-registered research analysts.
For now, the IPO remains at the draft stage. There is no final issue price or confirmed public offer date in the details released so far.
The next major update should come with the company’s DRHP filing and later public disclosures. Those documents will provide a much clearer picture of AssetGro’s finances, ownership, risks, use of IPO funds and final offer structure.
The proposed ₹2,000 crore to ₹2,500 crore IPO, with an expected ₹800 crore fresh issue, marks an important step for AssetGro as it moves from the private market toward a possible stock exchange listing. The coming regulatory process will decide how and when that plan takes shape.
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