DRHP (Draft Red Herring Prospectus)

The draft red herring prospectus describes the company’s business, finances, risks, management and the planned share sale. SEBI reviews it and may ask for changes before the company files the final red herring prospectus with the price band.

Why It Matters

The DRHP is the best place to learn what a company actually does before investing in its IPO.

In India

Jio Platforms filed its DRHP on June 19, 2026, and SEBI issued its observations in August.

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