IPO through Pre-Filling of Draft Offer Document

CS Anshika Gupta | Last updated: 30 April 2024

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The IPO pre-filling of a draft offer document is an optional route for companies listing on the Main Board, introduced by SEBI to protect sensitive business information. This process involves submitting the offer document privately to SEBI and stock exchanges initially, with public disclosure only after SEBI's review and suggested changes. Companies like Swiggy have utilised this method, which allows for limited interaction with Qualified Institutional Buyers before the document becomes public.

1. It is an optional alternative mechanism for the purpose of IPO on Main Board. 2. SEBI introduced this amendment with the aim of safeguarding sensitive business information in the Draft Red Herring Prospectus (DRHP), particularly at the time where there is an uncertainty that whether the IPO wi

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About the Author

CS Anshika Gupta

Hi I am Anshika Gupta, a Company Secretary professional.I am a multi-disciplinary professional with abilities and expertise in corporate laws, legal, secretarial and regulatory compliances.

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IPO through Pre-Filling of Draft Offer Document

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