New Delhi

AssetGroFintech Ltd, the parent company of stock market research and advisory platform StockGro, has filed preliminary papers with markets regulator Sebi to raise Rs 2,000-2,500 crore through an Initial Public Offering (IPO) using the confidential route. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage. As a result, details regarding the offer structure, financial performance, valuation and listing timeline are not available at this stage. In a public notice dated September 26, the company said it has filed “the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the mainboard of the stock exchanges”. The proposed IPO is expected to be in the range of Rs 2,000-2,500 crore, according to market sources. The company’s maiden public offering may comprise a fresh issue of about Rs 800 crore, along with an Offer For Sale (OFS) by existing shareholders, they added.