10.5What is an RHP?
1What is it?
The Red Herring Prospectus (RHP) is the updated final offer document filed before the issue opens. It includes the issue dates and is followed by the price band announcement.
2Why does it exist?
It is the document to read before applying. It updates the DRHP with SEBI’s changes and recent financials.
3Quick revision
- Final pre-issue document.
- Has dates; price band announced alongside.
- Read before applying.
4Knowledge check
Q1. Which comes first: DRHP or RHP?Show answer
DRHP.
Q2. Which document should you read before applying?Show answer
The RHP.
Q3. Why "red herring"?Show answer
Historically a red-ink notice on the cover said the document was not final.