Last Updated on January 2, 2024 by BFSLTeam BFSLTeam
Table of Content
- 1 List of IPOs with DRHPs Filed
- 2 List of Upcoming IPOs with DRHP Filed
- 3 What Is a Draft Red Herring Prospectus?
- 4 Things to Know from a Draft Red Herring Prospectus
- 5 How to Invest in IPO Online?
- 6 What Are the Prerequisites for Investing in IPOs?
- 7 List of Companies who Filed their DRHP with SEBI
- 8 Conclusion
- 9 Frequently Asked Questions
List of IPOs with DRHPs Filed
Initial Public Offering is the process by which a company makes a certain portion of its shares available for retail investors to invest. To execute this plan, companies must prepare a Draft Red Herring Prospectus or DRHP and file the same with the market regulator SEBI.
This document allows investors to know every minute detail about the company to plan their investment strategy. If you are a new investor planning to explore IPO investment options, you will want to check this document to make an informed decision.
Keep reading to check the complete list of IPOs with DRHP filed in 2023.
List of Upcoming IPOs with DRHP Filed
Company Name | DRHP Link | Stock Exchange |
Navi Technologies | DRHP | BSE or NSE |
Byju’ s | DRHP | BSE or NSE |
Vikram Solar Limited | DRHP | BSE or NSE |
Imagine Marketing Limited | DRHP | BSE or NSE |
OYO | DRHP | BSE or NSE |
Bajaj Energy | DRHP | BSE or NSE |
OLA | DRHP | BSE or NSE |
BIBA | DRHP | BSE or NSE |
Company Name | DRHP link | Stock Exchange |
Gold Plus Glass Industries | DRHP | BSE or NSE |
Joyalukkas India | DRHP | BSE or NSE |
Hemani Industries Limited | DRHP | BSE or NSE |
India Exposition Mart | DRHP | BSE or NSE |
Kids Clinic India Limited | DRHP | BSE or NSE |
BLS E-Services Limited | DRHP | BSE or NSE |
Innova Captab Limited | DRHP | BSE or NSE |
Company Name | DRHP link | Stock Exchange |
Stanley Lifestyles Limited | DRHP | BSE or NSE |
Jyoti CNC Automation Limited | DRHP | BSE or NSE |
Entero Healthcare Solutions Limited | DRHP | BSE or NSE |
Juniper Hotels Limited | DRHP | BSE or NSE |
Saraswati Saree Depot Limited | DRHP | BSE or NSE |
Arkade Developers Limited | DRHP | BSE or NSE |
Exicom Tele-Systems Limited | DRHP | BSE or NSE |
Popular Vehicles and Services Limited | DRHP | BSE or NSE |
Vibhor Steel Tubes Limited | DRHP | BSE or NSE |
Company Name | DRHP link | Stock Exchange |
Studd Accessories | DRHP | BSE or NSE |
Western Carriers India Limited | DRHP | BSE or NSE |
Nova Agritech Limited | DRHP | BSE or NSE |
Corrtech International | DRHP | BSE or NSE |
Asianet Satellite Communications Limited | DRHP | BSE or NSE |
Motisons Jewellers Limited | DRHP | BSE or NSE |
Fincare Small Finance Bank Limited | DRHP | BSE or NSE |
Go Digit General Insurance Limited | DRHP | BSE or NSE |
Infinion Biopharma | DRHP | BSE or NSE |
Company Name | DRHP link | Stock Exchange |
Course 5 Intelligence Limited | DRHP | BSE or NSE |
Sterlite Power Transportation Limited | DRHP | BSE or NSE |
Waaree Energies | DRHP | BSE or NSE |
AKME Fintrade India | DRHP | BSE or NSE |
VLCC Health Care India | DRHP | BSE or NSE |
Airox Technologies Limited | DRHP | BSE or NSE |
JG Chemicals | DRHP | BSE or NSE |
Krystal Integrated Services | DRHP | BSE or NSE |
SRM Contractors Limited | DRHP | BSE or NSE |
Additional Read: Upcoming IPO in January 2024
What Is a Draft Red Herring Prospectus?
Also known as an offer document or preliminary registration document, a DRHP is important for every company planning to launch an IPO. A company wanting to launch its IPO hires a team of underwriters who collect all the information about that company and design this document. The draft prospectus consists of every minute detail about the company which an investor must know to plan an IPO investment.
As the name suggests, a Draft Red Herring Prospectus is the first document that the company prepares along with underwriters. After it is ready, the IPO issuing company must submit this document to SEBI and await approval.
SEBI minutely studies the DRHP and analyses the authenticity of information provided here. Based on this, the market regulator may approve a company to go ahead with its IPO plan or suggest changes in this document that must be implemented in the refiled DRHP.
After the draft prospectus receives approval, the company will move ahead to publish its Red Herring Prospectus which is made available to investors. You can visit the official website of SEBI to get a detailed list of upcoming IPOs with their DRHPs filed.
Things to Know from a Draft Red Herring Prospectus
Now that you know what a DRHP is, let’s delve into its contents and learn what makes it an important document for IPO-issuing companies and investors.
DRHP covers all the key information about a company which is going public. By browsing this document, you can come across the following information about a company.
- Its industry and business model
- An overview of the IPO offer
- Details about the company’s plan for its net proceeds
- Company’s competitive strengths
- Risks involved in their business
- Financial metrics
- About the management
- Legal information
How to Invest in IPO Online?
You can follow the steps below to invest in IPOs with DRHP filed when they are open to accept bids.
Step 1: Navigate to the ‘IPO’ section under ‘Products’ in the top menu.
Step 2: A new page will open; here you will find a list of all upcoming and Open IPOs.
Step 3: To read a DRHP, locate the DRHP link on the extreme right of the company of your choice in the ‘Upcoming IPO’ section.
Step 4: To apply to an open IPO, go to the next tab choose an IPO you wish to invest in and click on Apply.
Step 5: Enter your mobile number and OTP for verification. Following this, a new page will open, where you must enter some basic information like your UPI ID and lot size to invest.
What Are the Prerequisites for Investing in IPOs?
To grow your wealth with IPO investment, you must fulfil the following conditions:
- Be above 18 years old to invest
- Have an operational bank account and enough balance to make a purchase
- A Demat account with a registered depository participant
List of Companies who Filed their DRHP with SEBI
Here are a few companies who filed their DRHP with SEBI and are either awaiting for the right time to go public or a green signal from the SEBI to launch their IPOs.
Navi Technologies filed its DRHP with SEBI in 2022 and is awaiting the right time to launch its IPO. As per its preliminary document, the company is planning to offer shares worth Rs. 33,500 million as an offer for sale. The face value of its equity shares is Rs. 100 per share. Navi Technologies Limited has yet to declare other information like the price band and total issue size of its shares.
Corrtech International
Corrtech International filed its DRHP with SEBI in 2022. According to this document, the company plans to offer shares worth Rs. 3,500 million as a fresh issue and 40,00,000 equity shares as an OFS. The company has yet to declare the total offer size of its IPO shares. However, it has set the face value of its equity shares at Rs. 10 per share.
Gujarat Polysol Chemicals
This company filed its DRHP in 2022 with the plan to go public with a fresh issue and an offer for sale. According to the preliminary documents, this company aims to sell equity shares worth up to Rs. 870 million as a fresh issue and Rs. 3270 million worth of equity shares as an offer for sale.
Vikram Solar Limited
Vikram Solar Limited filed its DRHP with SEBI in 2022 with the plan to go public with equity shares as a fresh issue and an offer for sale. As per the DRHP, the company is set to sell equity shares worth Rs. 15,000 as a fresh issue and Rs. 5,000 million equity shares as an OFS. The company has set the face value at Rs. 10 per equity share.
Conclusion
Now that you know about the companies which have filed their DRHP with SEBI, you can go through these preliminary documents to plan your investment. This will allow you to conduct a comparative analysis on which IPO issuing company is better for your financial goals. To plan a well-informed investment strategy, consider knowing your risk appetite and the company’s plan to use your net proceeds.
If you are an interested investor, consider exploring our website to learn more about the IPOs with DHRPs filed with SEBI. You can also open a demat and trading account with us to start your investment journey.
Frequently Asked Questions
DRHP is the first document a company drafts and submits to SEBI. It consists of all important information about the company. After receiving a green signal from SEBI, the company must file an RHP with SEBI and the registrar of companies (ROC) before it can open its IPO.
SEBI, ROC and stock exchanges approve the DRHP and it later becomes RHP which carries all the details about the upcoming IPO.
After receiving the Observation Letter, a company’s DRHP has a validity of 1 year.
SEBI can take a minimum of 4 to 6 weeks to approve a company’s DRHP if there are no major changes. However, it can take longer in case SEBI suggests some amendments.
References
https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smid=10