Upcoming DRHP Filed with Exchanges (BSE/NSE)

What is a DRHP?

DRHP (Draft Red Herring Prospectus) is the initial document filed by a company with SEBI and stock exchanges when planning an IPO. It contains comprehensive details about the company's business, financials, risk factors, and IPO structure.

Stock Exchange Filing Requirements

When filing DRHP with BSE/NSE, companies must ensure:

• Compliance with listing agreement requirements
• Disclosure of material events and information
• Adherence to corporate governance norms
• Clear information about share allocation process
• Details about market makers (if applicable)

Key Information in DRHP

• Company overview and business model
• Financial statements (3-5 years historical data)
• Risk factors specific to the business
• Objects of the issue (use of proceeds)
• Management and promoter details
• IPO details (size, price band, lot size)

IPO Process Timeline

• Step 1DRHP Filing with SEBI & Exchanges
• Step 2SEBI Review & Observations (30-90 days)
• Step 3RHP (Red Herring Prospectus) Filing
• Step 4IPO Launch & Price Band Announcement
• Step 5Listing on Stock Exchanges

Exchange Listing Requirements

• • Minimum post-issue paid-up capital
• • Minimum public shareholding requirements
• • Track record of profitability or other criteria
• • No major regulatory penalties
• • Adequate disclosure and transparency

Importance for Investors

DRHP provides crucial information for making informed investment decisions:

• Understand company fundamentals and growth prospects
• Evaluate risk factors before investing
• Assess management credibility and track record
• Analyze valuation and pricing justification
• Make informed IPO application decisions