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Whats red herring prospectus?

April 26, 2017herring prospectus red

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Whats red herring prospectus?

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What is the difference between an offer document, RHP, a prospectus and an abridged prospectus? What does it mean when someone says “draft offer doc”? “Offer document” means Prospectus in the case of a public issue or offer for sale and Letter of Offer in the case of a rights issue which is filed with Registrar of Companies (RoC) and Stock Exchanges. An offer document covers all the relevant information to help an investor to make his/her investment decision. “Draft Offer document” means the offer document in draft stage. The draft offer documents are filed with SEBI, at least 21 days prior to the filing of the Offer Document with the RoC/ SEs. SEBI may specify changes, if any, in the draft Offer Document and the issuer or the lead merchant banker shall carry out such changes in the draft offer document before filing the Offer Document with the RoC/ SEs. The Draft Offer document is available on the SEBI Web site for public comments for a period of 21 days from the filing of the Draft O