📄 AI Document Analysis · Free

DRHP Summariser

Upload any IPO DRHP or RHP PDF — or paste text — and get a plain-language AI summary with risk flags, financials, and our verdict. No legalese.

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Analysis takes 15–30 seconds · 100% free · No signup

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What is a DRHP and Why Does It Matter?

A Draft Red Herring Prospectus (DRHP) is the most important document in any IPO. Filed with SEBI before the IPO opens, it contains everything an investor needs to evaluate the company — its business model, financials, risks, management, and how it plans to use the IPO proceeds.

The problem? A typical DRHP runs 400–800 pages of dense legal and financial language. Most retail investors never read it — and that's a mistake that can cost money. Our AI summariser extracts what matters in seconds.

Key DRHP Sections to Watch

Objects of Issue
Where is the IPO money going? Fresh issue vs OFS?
Risk Factors
Often 50+ pages — what could go wrong?
Financial Statements
Revenue, profit, debt — 3 years of audited data
Promoter Background
Any criminal cases or pledge of shares?

DRHP Analysis — FAQs

Where can I download the DRHP for any IPO?
DRHPs are publicly available on the SEBI EDGAR portal (sebi.gov.in), NSE and BSE websites, and often on the company's own investor relations page. Search for "[Company Name] DRHP SEBI" to find the official document. You can then upload it directly to our summariser.
What is the difference between DRHP and RHP?
The DRHP (Draft Red Herring Prospectus) is filed with SEBI first and may not have the final price band. The RHP (Red Herring Prospectus) is the final version filed after SEBI approval and includes the official price band, open/close dates, and final offer details. Both can be uploaded to our summariser.
Is my uploaded PDF stored or shared?
No. Your uploaded PDF is processed entirely in your browser and sent directly to the AI for analysis. We do not store, log, or share your uploaded documents. Once you close the page, the data is gone. You can verify this by checking our Privacy Policy.
What is an OFS vs Fresh Issue in an IPO?
A Fresh Issue means the company is issuing new shares and the money raised goes to the company for business use (expansion, debt repayment, etc.). An OFS (Offer for Sale) means existing shareholders (promoters, early investors) are selling their stake — the money goes to them, not the company. A high OFS component is often viewed negatively as it signals promoter exit rather than business investment.
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