DRHP is the main offer document submitted to SEBI for IPO listing. The original offer document submitted to SEBI is the DRHP (Draft Red Herring Prospectus), and after approval, the RHP (Red Herring Prospectus) is submitted. Investors can learn more about the issuing firm through the IPO offer materials, which include information on the issue’s purpose, the company’s finances, the promoters’ shareholdings, etc.
Another significant document made public by the IPO registrar after the allocation is the IPO Basis of Allotment. It includes information on how many applications were received during the IPO bidding process and how each investor category was allotted (QIB, NII, and RII).
An option for small and medium-sized businesses to go public is known as a SME IPO. Major IPOs enable larger businesses to go public and raise money. The small and medium enterprise IPO, on the other hand, is designed for businesses that are smaller in size and need to raise money from the public.
The SME is listed on the NSE Emerge Platform or the BSE SME. Small and medium-sized businesses have access to the SME IPO platform in order to list on the indices. The requirements for a SME IPO are that I the post-issue paid-up capital must be less than Rs. 25 crores and the post-issue capital must be at least Rs. 1 crore.
Investors in SME IPOs in India may submit their applications online via ASBA or UPI, or they may send paper applications to brokers or banks.