View IPO
View IPOView Insights. Invest Better.
IPO AnalysisGMP TrackerNewLot CalculatorAllotment StatusHotBlogAEOTop Brokers
Get Started
100% Independent & Unbiased
No Broker or Bank Tie-ups
Secure & Private Data
Trusted by 10,000+ Investors

The Ultimate Retail Investor Advantage

ViewIPO is an independent financial research platform bridging the gap between institutional funds and everyday investors. We provide proprietary data aggregation including Live GMP Tracking, Smart Lot Size Calculators, unified Allotment Status Checkers, and AI-Powered Sentiment Analysis to give you a mathematical edge in the IPO market.

Read Our Full Story
View IPO
View IPO

View Insights. Invest Better.

The global IPO intelligence platform for smarter, data-backed investment decisions. Institutional-grade AI analysis across India.

Product

  • IPO Directory
  • IPO Calendar
  • GMP TrackerNew
  • Lot Calculator
  • Allotment StatusHot
  • Active IPOs
  • Upcoming IPOs
  • SME IPOs
  • Mainboard IPOs
  • Find Your BrokerComing soon

Markets & Brokers

  • India (SEBI / NSE / BSE)
  • Top Brokers
  • Zerodha Review
  • Upstox Review
  • Angel One Review
  • Groww Review
  • ICICI Direct
  • 5Paisa
  • Dhan

Resources

  • About Us
  • Blog & Insights
  • IPO Glossary
  • How It Works
  • Frequently Asked Questions
  • HTML Sitemap
  • Export IPO Calendar (.ics)Coming soon

Trust & Legal

  • Our AI Methodology
  • Data Sources
  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 View IPO. All rights reserved.

Regulatory Disclaimer: View IPO is an independent educational and research platform. We are NOT registered with the Securities and Exchange Board of India (SEBI) as an Investment Advisor or Research Analyst. All data, risk scores, and Grey Market Premium (GMP) figures are provided solely for informational purposes and do not constitute financial advice. We do not endorse or facilitate any transactions in the unofficial grey market. Please consult a SEBI-registered financial advisor before making any investment decisions.

View IPO
View IPOView Insights. Invest Better.
IPO AnalysisGMP TrackerNewLot CalculatorAllotment StatusHotBlogAEOTop Brokers
Get Started
Back to Blog
GuidesAugust 14, 2026•
6 min read

IPO Filings: How to Read a DRHP & RHP

Author

ViewIPO Research

Market Analyst

Share
IPO Filings: How to Read a DRHP & RHP

Quick AnswerIPO Filings (like the DRHP - Draft Red Herring Prospectus) are massive regulatory documents submitted to SEBI. They contain the company's financial statements, business model, promoter details, litigations, and the specific objectives for the fresh capital being raised.

What is a DRHP?

The Draft Red Herring Prospectus (DRHP) is the very first document a company files with the regulator when planning an IPO. It contains almost everything about the company, except the final issue price and exact quantity of shares.

What to Look For in Filings

These documents are hundreds of pages long, but smart investors focus on:

  • Objectives of the Issue: Is the money going towards growth (Fresh Issue) or are the founders just cashing out (Offer for Sale)?
  • Financials: Look at revenue growth, EBITDA margins, and debt-to-equity ratios over the last 3 years.
  • Risk Factors: This section legally forces the company to list every possible threat to its business, from pending lawsuits to reliance on a single major client.
  • Peer Comparison: The DRHP lists the company's P/E ratio compared to its already-listed competitors, helping you judge if the IPO is overvalued.

RHP vs DRHP

Just before the IPO opens, the company files the final RHP (Red Herring Prospectus). This updated document finally includes the precise price band and the opening/closing dates for the issue.

Frequently Asked Questions

Why is it called a Red Herring?

It contains a standard disclaimer printed in red ink stating that the information is not complete (usually missing the final price and quantity) and may be updated.

Read Next

Upcoming & Recent IPOs: Navigating the IPO Calendar

Upcoming & Recent IPOs: Navigating the IPO Calendar

Stay ahead of the market by tracking upcoming and recent IPOs. Learn how to use the IPO calendar to plan your liquidity and investments.

Read Article
What is the Full Form of IPO? A Complete Beginner's Guide

What is the Full Form of IPO? A Complete Beginner's Guide

What does IPO stand for? Learn the full form of IPO, how an Initial Public Offering works, and why companies decide to list their shares on the stock market.

Read Article
Best Brokers for NRI IPO Investment: Zerodha vs HDFC vs ICICI

Best Brokers for NRI IPO Investment: Zerodha vs HDFC vs ICICI

Which broker should NRIs use to apply for Indian IPOs? We compare Zerodha, HDFC Securities, and ProStocks for NRE/NRO Demat accounts and ASBA applications.

Read Article
100% Independent & Unbiased
No Broker or Bank Tie-ups
Secure & Private Data
Trusted by 10,000+ Investors

The Ultimate Retail Investor Advantage

ViewIPO is an independent financial research platform bridging the gap between institutional funds and everyday investors. We provide proprietary data aggregation including Live GMP Tracking, Smart Lot Size Calculators, unified Allotment Status Checkers, and AI-Powered Sentiment Analysis to give you a mathematical edge in the IPO market.

Read Our Full Story
View IPO
View IPO

View Insights. Invest Better.

The global IPO intelligence platform for smarter, data-backed investment decisions. Institutional-grade AI analysis across India.

Product

  • IPO Directory
  • IPO Calendar
  • GMP TrackerNew
  • Lot Calculator
  • Allotment StatusHot
  • Active IPOs
  • Upcoming IPOs
  • SME IPOs
  • Mainboard IPOs
  • Find Your BrokerComing soon

Markets & Brokers

  • India (SEBI / NSE / BSE)
  • Top Brokers
  • Zerodha Review
  • Upstox Review
  • Angel One Review
  • Groww Review
  • ICICI Direct
  • 5Paisa
  • Dhan

Resources

  • About Us
  • Blog & Insights
  • IPO Glossary
  • How It Works
  • Frequently Asked Questions
  • HTML Sitemap
  • Export IPO Calendar (.ics)Coming soon

Trust & Legal

  • Our AI Methodology
  • Data Sources
  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 View IPO. All rights reserved.

Regulatory Disclaimer: View IPO is an independent educational and research platform. We are NOT registered with the Securities and Exchange Board of India (SEBI) as an Investment Advisor or Research Analyst. All data, risk scores, and Grey Market Premium (GMP) figures are provided solely for informational purposes and do not constitute financial advice. We do not endorse or facilitate any transactions in the unofficial grey market. Please consult a SEBI-registered financial advisor before making any investment decisions.