"Red herring prospectus" means a prospectus which does not include complete particulars
of the quantum or price of the securities included therein. In simple terms a red herring
prospectus contains most of the information pertaining to the company’s operations and
prospects, but does not include key details of the issue such as its price and the number of
shares offered. A red herring prospectus shall carry the same obligations as are applicable
to a prospectus and any variation between the red herring prospectus and a prospectus
shall be highlighted as variations in the prospectus.
CAclubindia
