Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

How is pre-filing/confidential filing different from regular filing and how does it work?

Market regulator Securities and Exchange Board of India (Sebi) has introduced confidential filing or pre-filing of the draft red herring prospectus (DRHP) by companies wanting to go public. Currently, any company planning an initial public offering (IPO) has to file its offer document with Sebi. This document, known as DRHP, contains vital information about the company’s business and financials and has to be made public compulsorily. Confidential filing, an optional mechanism, will help companies keep their DRHP private until they firm up their IPO plan. Their offer