The Draft Prospectus contains comprehensive disclosures about the company’s business model, financial performance, promoter and management details, litigation history, risk factors, and the intended use of IPO proceeds. While it provides a detailed snapshot of the company, it does not specify the exact price band or Issue size, which is finalized at later stages.
What are the types of prospectus?
- Draft Red Herring Prospectus (DRHP): A preliminary document filed with Stock exchanges as it is the first stage for launching an IPO.
- Addendum to DRHP: An official update or correction issued to revise or supplement information in the DRHP.
- Red Herring Prospectus (RHP): The updated version of the DRHP, filed after incorporating SEBI’s observations and before the opening of IPO.
- Final Prospectus: The complete and final version of the document that includes the Issue price and is used for public offering.
