New Delhi, May 15 -- Online stock trading platform Groww will file a confidential draft red herring prospectus (DRHP) within the next two weeks for going public, according to a person familiar with the matter.

The plan comes days after Viggo Investment Pte. Ltd., an investment entity of Singapore's sovereign wealth fund GIC, approached the Competition Commission of India (CCI) for approval to acquire a 2.143% stake in Groww, according to a filing with the regulator that Mint has reviewed. In the filing, the investor stated that the transaction is not expected to alter the competitive landscape.

Post the funding from GIC, the company is expected to be valued at $7 billion, the person quoted above told Mint on the condition of anonymity....