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What is DRHP?

Draft Red Herring Prospectus

About Draft Red Herring Prospectus

What is DRHP?

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.
 
The DRHP
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Latest Updates on Draft Red Herring Prospectus

Drone maker ideaForge Technology files preliminary IPO papers with Sebi

The public issue comprises fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of 48,69,712 equity shares by one of the promoters and existing shareholders

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Updated On : 11 Feb 2023 | 2:49 PM IST
Updated On : 23 Jan 2023 | 10:54 PM IST
Updated On : 01 Dec 2022 | 10:50 PM IST

Yatra Online Inc gets Sebi's clearance to float Rs 750 crore IPO

The proposed IPO comprises a fresh issue of equity shares and an offer for sale (OFS) of up to 9,328,358 equity shares, according to the draft red herring prospectus (DRHP)

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Updated On : 19 Nov 2022 | 1:54 PM IST
Updated On : 24 Oct 2022 | 6:15 AM IST
Updated On : 12 Sep 2022 | 11:34 PM IST

Stitched Textiles scraps Rs 200-cr IPO plan; withdraws draft papers

The draft offer documents for the IPO were withdrawn on August 16 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Tuesday.

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Updated On : 23 Aug 2022 | 7:43 PM IST

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 increased prices of its Gold, Taaza and Shakti milk brands by Rs 2 per litre.

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Updated On : 16 Aug 2022 | 5:32 PM IST

Yatharth Hospital gets Sebi's go ahead to launch Rs 610-crore IPO

The company, which filed its preliminary IPO papers with the capital markets regulator in April, obtained its "observation" letter on August 2, an update with the Sebi showed

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Updated On : 08 Aug 2022 | 6:22 PM IST

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 promoters ---- Mayank Shah and Sweta Shah, according to the DRHP.

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Updated On : 28 Jun 2022 | 5:41 PM IST

Inox Green Energy files fresh draft papers with Sebi for Rs 740-cr IPO

The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter Inox Wind

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Updated On : 20 Jun 2022 | 8:58 PM IST

India Exposition Mart gets Sebi's go ahead to float Rs 600-cr IPO

Going by the draft papers, the company may consider a private placement of equity shares aggregating up to Rs 75 crore. If such pre-IPO placement is undertaken, the fresh issue size will be reduced.

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Updated On : 20 Jun 2022 | 7:40 PM IST

Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO

The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars

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Updated On : 13 Jun 2022 | 6:34 PM IST
Updated On : 07 Jun 2022 | 1:53 PM IST

Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi

The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders

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Updated On : 12 May 2022 | 11:45 PM IST