Bengaluru wealthtech platform Scripbox has taken the formal step toward the stock market. Its board has approved converting the company into a public limited company, and its name will change from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited. The move clears the way for a planned initial public offering.
What the conversion changes
The planned IPO will combine a fresh issue of equity shares with an offer for sale by existing shareholders. The fresh issue will bring new capital into the company, while the offer for sale will let early investors sell part of their holdings.
The conversion is a legal milestone rather than a listing itself. A private limited company must become a public limited company before it can offer shares to the public, and the name change signals that Scripbox has started that process in earnest.
A profitable year behind the filing
Scripbox turned profitable in FY25, reporting a net profit of Rs 12.7 crore after earlier years of losses. Operating revenue rose 27 percent year on year to Rs 107.2 crore, giving the company a stronger base as it prepares for public markets.
The company has raised more than $70 million since it was founded, with backing from Accel, LetsVenture and DMI. That capital has funded its technology, customer growth and distribution partnerships across the wealth management space.
Scale built over fourteen years
Scripbox was founded in 2012 by Atul Shinghal and Sanjiv Singhal. It began with mutual funds and now offers fixed deposits, US stocks, exchange traded funds and the National Pension System, along with financial planning and advice for retail and wealthy investors.
The platform manages more than Rs 18,500 crore in assets for over 1,00,000 families across 2,500 cities. That scale comes from its own app and website and from a growing network of wealth advisers.
Scripbox has also grown by acquisition. In June 2026 it acquired the mutual fund distribution business of Bluechip Capital, a Delhi-NCR wealth firm founded in 1993, and folded its clients and staff into its own platform.
Why the timing matters
Indian wealth platforms are moving toward the public markets as more households put savings into mutual funds and other market products. Scripbox joins that shift with a profitable year and a large customer base already behind it.
The momentum is visible elsewhere in the sector too. Wealthtech startup PowerUp Money raised $10 million earlier this week to build an AI wealth manager, a sign that investors still see room to grow in this market.
Scripbox has not yet announced the size or timing of the IPO. The next steps will be the regulatory filings that set out those details, and the listing will test how public investors value a digital wealth manager that only recently turned profitable.
