IPO Terminology
Draft Red Herring Prospectus (DRHP)
A Draft Red Herring Prospectus (DRHP) is the initial document prepared by merchant bankers and submitted by the issuing company to SEBI for review and public feedback. SEBI checks the document for transparency and regulatory compliance before granting approval.
Why it matters
DRHP filing is the first public signal that a company is preparing to launch its IPO, usually 3-6 months before the listing.
Common Questions about Draft Red Herring Prospectus (DRHP)
Where can I read a company's DRHP?
DRHP documents are publicly available on SEBI's official website, merchant banker sites, and the IPO Trend document tracking database.