Red hearing prospects


This query is : Resolved 

(Querist)
23 July 2014 Please explain red hearing prospects in simple language.

24 July 2014 A red herring prospectus, as a first or preliminary prospectus, is a document submitted by a company (issuer) as part of a public offering of securities. Most frequently associated with an initial public offering (IPO), must be filed with the SEBI.

A red herring prospectus does not have complete particulars on the price of the securities offered and quantum of securities to be issued


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