DRHP: Draft Red Herring Prospectus

DRHP stands for Draft Red Herring Prospectus - the formal regulatory filing submitted to SEBI for IPO approval. DRHP contains detailed company information: business model, financials, management, risk factors, and shareholding. Filed initially in confidential form, then publicly available after SEBI approval. Key sections include financial statements for 3-5 years, industry analysis, competitive positioning, and use of issue proceeds. Red herring prospectus issued later with price band finalized. Reading DRHP helps investors understand company fundamentals before bidding. Major sections to analyze: business description, risk factors, financial summary, management discussion. DRHP amendments and multiple versions may be filed during SEBI review. RHP (Red Herring Prospectus) issued 3-5 days before bidding opens with final price band.