What is the difference between an offer document, an RHP, a prospectus and an abridged prospectus?
What is a “draft offer doc”? “Offer document” means a prospectus in the case of a public issue or offer for sale which is filed with Registrar of Companies (RoC) and the stock exchanges. An offer document covers all the relevant information required to help an investor to make his/her investment decision. “Draft offer document” refers to an offer document in a draft stage. The draft offer documents are filed with Sebi at least 21 days prior to the filing of the offer document with the registrar and the exchanges. Sebi may specify necessary changes in the draft offer document and the issuer or the lead merchant banker is required to implement changes in the draft offer document before filing the offer document. The draft offer document is available on the Sebi website for public comments for a period of 21 days from the filing of the draft offer document with Sebi. A red herring prospectus does not have details of either price or the number of shares being offered or the amount of issue
