WHAT IS DRHP?
Draft Red Herring Prospectus
When a company plans to raise money (for example: float an IPO) from the public by selling its shares to investors, it files and submits a Draft Red Herring Prospectus (DRHP), also known as 'offer document' or 'preliminary registration document', with the market regulator Sebi (Securities and Exchange Board of India).
DRHP, a legal preliminary prospectus, serves as a crucial communication link between the company and its investors and stakeholders.
Key features
Through DRHP, the issuer firm allows potential investors to make an informed decision and analyse its financials, issuance objectives, business operations, promoter holding, market valuation, and other important information.
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LATEST UPDATES ON DRHP
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Sebi asks PayMate India to refile IPO papers with certain updates
Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with ...| January 23, 2023, Monday -
Tata Motors to partially sell stake in subsidiary Tata Tech via IPO
The offering could be Tata group's first since listing of TCS in 2004| December 12, 2022, Monday -
Tata Play becomes first firm to file confidential papers with Sebi for IPO
Offer document open to scrutiny only by regulator, exchanges; the Walt Disney Company-led firm eyeing a Rs 3,000-crore IPO| December 01, 2022, Thursday -
Yatra Online Inc gets Sebi's clearance to float Rs 750 crore IPO
Yatra Online Inc said its Indian subsidiary Yatra Online Ltd has received capital markets regulator Sebi's clearance to float an ...| November 19, 2022, Saturday -
IPO delayed due to Ukraine-Russia war and Omicron wave: Go First
The firm's DRHP expired in August this year and it will need to refile its papers with Sebi to reinitiate the IPO process| October 24, 2022, Monday -
Smaller i-banks join big-fat IPO party; large players get picky
Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks| September 12, 2022, Monday -
Stitched Textiles scraps Rs 200-cr IPO plan; withdraws draft papers
Stitched Textiles, which owns leading men's wear fashion brand "Barcelona", has decided to withdraw its Rs 200 crore-Initial ...| August 23, 2022, Tuesday -
Top headlines: WPI inflation eases to 5-month low; Go Digit files for IPO
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the Amul brand, on Tuesday ...| August 16, 2022, Tuesday -
Yatharth Hospital gets Sebi's go ahead to launch Rs 610-crore IPO
Yatharth Hospital & Trauma Care Services Ltd has received capital markets regulator Sebi's go ahead to float an initial public ...| August 08, 2022, Monday -
Natural stone processor Global Surfaces files IPO draft papers with Sebi
The IPO comprises fresh issuance of 85.20 lakh equity shares and an offer-for-sale (OFS) of up to 25.5 lakh equity shares by ...| June 28, 2022, Tuesday
