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DRHP

A Draft Red Herring Prospectus is the offer document filed with SEBI before a public issue.

The DRHP discloses business details, risks, financials, and proposed use of IPO proceeds.

SEBI reviews the DRHP and may seek clarifications before the company can launch the issue.

Investors and analysts often study the DRHP for promoter history, related-party deals, and valuations.

After observations are resolved, the company files the RHP for the actual offer window.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.