DRHP and RHP in IPO: Meaning and Differences
Last updated August 22, 2026
This IPO News guide/article covers “DRHP and RHP in IPO: Meaning and Differences”. The page is organized around what is drhp or draft red herring prospectus in ipo, what is rhp or red herring prospectus in ipo, difference between drhp and rhp, end note, zerodha trade@20. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- What is DRHP or Draft Red Herring Prospectus in IPO
- What is RHP or Red Herring Prospectus in IPO
- Difference between DRHP and RHP
- End Note
- Zerodha Trade@20
- Frequently Asked Questions
- 1. Who prepares DRHP for an IPO?−
- 2. Where to find DRHP and RHP of an IPO?+
- 3. What is the difference between DRHP and RHP?+
- 4. What is the time gap between DRHP and RHP?+
- Compare Stock Brokers Side-by-Side
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- A company that decides to sell its shares to the public must first file the DRHP with the market regulator SEBI. The DRHP is filed during the initial stages of the IPO process.
- Once the DRHP is filed, SEBI reviews the contents of the DRHP to ensure regulatory compliance. If any discrepancies are found, SEBI may ask for corrections to the DRHP.
- Meaning: The DRHP is filed as a step ahead to initiative with the IPO process and after SEBI approves the DRHP, the issuer company files the RHP as the final prospectus.
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- The DRHP or RHP can be found on SEBI’s website, merchant banker’s website, stock exchange i.e., BSE and NSE, and the official website of the IPO issuer company.
- Once DRHP gets approved by SEBI, companies file RHP to the Registrar of Companies (RoC). The time gap between filling DRHP and RHP depends on when the company obtains SEBI&rsquo's approval.
- RHP must be filed at least 3 days before the IPO offer opening date.
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