DHRP Approved IPOs
IPOs approved by SEBI - Red Herring Prospectus available
After SEBI approves the DHRP, it becomes the RHP (Red Herring Prospectus). At this stage, the company has cleared regulatory scrutiny and is preparing to open its bidding window for public subscription. The RHP contains finalized company information and preliminary pricing range. The company works with lead managers and merchant banks to finalize pricing, which typically occurs 1-2 weeks before the bidding opens. IPOs at this stage are expected to open for subscription within the next 2-4 weeks. This is a critical stage where institutional investors begin due diligence and retail investors start preparing their bids.