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Where to Download IPO DRHP and RHP Documents
Before you apply for any IPO, the single most useful thing you can do is read its offer document — the DRHP or RHP. This is where the company discloses its financials, risks, how it plans to use your money, and the final price band. The good news: every one of these documents is available online, completely free, from official sources. You never need to pay a third-party site to access them. This guide walks you through exactly where to download the DRHP and RHP for any Indian IPO, whether it's a large mainboard issue or a smaller SME listing, and which source is fastest for what you need.
First, DRHP or RHP — Which One Do You Need?
These are two versions of the same offer document at different stages, so knowing which you're after saves time.
The DRHP (Draft Red Herring Prospectus) is the first draft, filed early in the process for regulatory review and public feedback. It contains the business overview, financials, risk factors, and objects of the issue — but not the final price band or IPO dates.
The RHP (Red Herring Prospectus) is the finalised version, filed just before the IPO opens. It includes everything in the DRHP plus the confirmed price band, issue size, and opening and closing dates. This is the document you actually apply on.
| DRHP | RHP | |
|---|---|---|
| Stage | Early draft | Final, pre-launch |
| Price band included? | No | Yes |
| IPO dates included? | No | Yes |
| Best for | Early research on the business | Final decision before applying |
If the IPO hasn't opened yet and you're doing early research, the DRHP is often all that's available. Once the RHP is out, use that — it's complete.
Source 1: IPO Tracking Platforms Like IPO360
Official sources are authoritative but not always quick to navigate — government and exchange sites can be clunky, and finding the right filing among hundreds takes time. This is where IPO tracking platforms help, and for most retail investors they're the practical starting point.
Platforms like IPO360 aggregate RHP links for every open and upcoming IPO in one place, alongside the price band, subscription data, and GMP. Instead of hunting through the SEBI Public Issues list or the BSE SME section, you open the IPO's page and download the RHP document directly from there. The document is the same official PDF; the platform simply saves you the navigation. If you ever need to verify, the official SEBI or exchange source (below) serves as the authoritative fallback.
Source 2: SEBI Website (Mainboard IPOs)
For mainboard IPOs, SEBI is the primary and most authoritative source. Mainboard DRHPs are filed directly with SEBI, so they appear here first.
To find them, go to sebi.gov.in and navigate to the Filings → Public Issues section. You'll see a list of draft offer documents (DRHPs) filed with SEBI, along with SEBI's observations once issued. The documents are listed by company name and filing date, and you can download the full PDF directly.
One thing to note: SEBI primarily hosts the DRHP and its observation letters. The final RHP, once the price band and dates are locked in, is often filed with the Registrar of Companies and is more readily found on the stock exchanges and the company's own site. So SEBI is your best source for the early draft; the exchanges are better for the final version.
Source 2: BSE and NSE (Both Mainboard and SME)
The stock exchanges are arguably the most convenient single source, because they host both the DRHP and the final RHP, and they cover both mainboard and SME issues.
On BSE (bseindia.com), look under the Public Issues or Corporates section for offer documents. On NSE (nseindia.com), the RHPs and draft offer documents are listed under Products & Services → Public Offer Documents.
For SME IPOs, this is where it matters most. SME issues are not approved by SEBI — they go to the exchange's dedicated SME platform. So you won't find SME documents on the SEBI site. Instead:
- BSE SME: bsesme.com → Public Issues → DRHP / RHP
- NSE Emerge: the SME segment of the NSE site, under its offer documents section
An SME company files with either BSE SME or NSE Emerge — never both — so check whichever platform the IPO is listing on.
Practical Tips
Source 3: Company Website and Lead Managers (BRLMs)
Every company launching an IPO is required to host its offer documents on its own website. If you know the company name, going straight to its investor relations or IPO section is often the fastest route — you skip the search entirely.
The Book Running Lead Managers (BRLMs) — the merchant banks managing the issue — also host the DRHP and RHP on their websites. The RHP names these lead managers on its cover page, so if you have one document you can trace the others. For example, when a brokerage's IPO lists Nuvama Wealth Management or DAM Capital as BRLMs, those firms' sites will carry the offer documents too.
This source is useful as a backup when exchange sites are slow, and it's usually where the very latest addendums or corrigenda to the RHP appear first.