 "IPO")
Draft Red Herring Prospectus (DRHP) filing continued to be robust in October, signifying the optimism in the initial public offer (IPO) market despite the recent turbulence in equities.
In October, 17 companies filed their offer documents for IPOs. The rush in filings has made August-October 2023 the best three-month period for DRHP filings since July-September 2021.
Over 13 and 19 DRHPs were filed in August and September this year, respectively.
DRHP is a preliminary prospectus filed before an IPO containing key details such as the number of shares offered, financial results, and risk factors. Those who filed their offer documents
