IPO · Financial Services
AssetGro Fintech plans initial public offering
By Startup Enthusiast ·
- Date
- Company
- AssetGro Fintech
- What it does
- Stock market analysis and trading platform
- Kind
- IPO
- Amount
- ₹2,000-2,500 Cr
- Stage
- late
- Based in
- Bengaluru
- Founded
- 2020
- Sector
- Financial Services
What they do
The company offers digital tools for retail users to evaluate equities, design investment plans, and monitor their asset holdings
What happened
AssetGro Fintech intends to submit its preliminary registration documents for a public share sale valued at up to ₹2,500 crore
Why it matters
This upcoming offering combines a primary capital raise of ₹800 crore with a secondary sale of shares by current investors
The details
- The business plans to submit its DRHP (preliminary document for public listing) to the market regulator before September concludes.
- The total value of the IPO (process of listing shares on a stock exchange) is projected between ₹2,000 crore and ₹2,500 crore.
- The company aims to generate ₹800 crore through a fresh issue of new shares to fund its operations.
- The remaining value will come from an OFS (existing stakeholders selling their current holdings to new public investors).
- Emirates NBD Capital will serve as the primary investment bank managing the share issuance process.
The bigger picture
- The platform assists users in conducting market research and formulating personal investment strategies.
- It provides trading suggestions verified by professionals who are registered with the national securities regulator.
- The firm has been active in the financial technology space since it was established in 2020.
The deal
- Type
- ipo
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