Document submitted by a company (issuer) as part of a public offering of securities
A red herring prospectus, as a first or preliminary prospectus, is a document submitted by a company (issuer) as part of a public offering of securities (either stocks or bonds). Most frequently associated with an initial public offering (IPO), this document, like the previously submitted Form S-1 registration statement, must be filed with the Securities and Exchange Commission (SEC).
A red herring prospectus is issued to potential investors, but does not have complete particulars on the price of the securities offered and quantum of securities to be issued.[1] The front page of the prospectus displays a bold red disclaimer stating that information in the prospectus is not complete and may be changed, and that the securities may not be sold until the registration statement, filed with the market regulator, is effective.[2] Potential investors may not place buy orders for the security, based solely on the information contained within the preliminary prospectus. Those investors may, however, express an "indication of interest" in the offering, provided that they have received a copy of the red herring at least 72 hours prior to the public sale. After the registration statement becomes effective, and the stock is offered to the public, indications of interest may be converted to purchase orders, at the buyer's discretion. The final prospectus must then be promptly delivered to the buyer.
^What is a Red Herring Prospectus?
^The S.E.C. and a Free Securities Market p. 3
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A redherringprospectus, as a first or preliminary prospectus, is a document submitted by a company (issuer) as part of a public offering of securities...
A redherring is something that misleads or distracts from a relevant or important question. It may be either a logical fallacy or a literary device that...
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(IPO). Later, in December of the same year, it filed its draft redherringprospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for...
companies of Sahara has already taken permission and submitted the redherringprospectus with ROC before issuing the bonds. SEBI in return ordered Sahara's...
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preliminary prospectus, known as a redherringprospectus, during the initial quiet period. The redherringprospectus is so named because of a bold red warning...
(link) Wikimedia Commons has media related to Andhra Bank. Draft RedHerringProspectus of Andhra Bank filed with SEBI Andhra Bank Press release-March '15...
issue process is exactly the same: the company will file a draft redherringprospectus (DRHP), which will be examined by SEBI. The general body of investors...
diamonds. Previously in the January of the same year, it filed a draft redherringprospectus (DRHP) for an initial public offering with market regulator SEBI...
title (link) Official site SKS Microfinance News SKS Microfinance IPO – Draft RedHerringProspectus filed with SEBI SKS Shares Drop on Microloan Backlash...
deepest at 383 metres. Fortune India 500 List of companies of India "RedHerringProspectus" (PDF). Retrieved 24 November 2010. "Production" (PDF). Indian Minerals...
from the original on 1 April 2017. Retrieved 1 April 2017. "SBT RedHerringProspectus" (PDF). SEBI. Archived from the original (PDF) on 10 January 2017...
Entertainment's India expansion". Retrieved 4 June 2018. "Draft RedHerringProspectus" (PDF). www.sebi.gov.in. 18 December 2014. Archived from the original...
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Technologies Inc. In September 2007, the company filed a Draft RedHerringProspectus (DRHP) with the Securities and Exchange Board of India (SEBI). However...
companies of Sahara have already taken permission and submitted the redherringprospectus with ROC before issuing the bonds. SEBI in return ordered Sahara's...
opportunities across geographies. PayMate India Lts. filed its Draft RedHerringProspectus (DRHP) with capital markets regulator Sebi to float its initial...
of central air in some apartments. Leviev and Mann presented a redherringprospectus to tenants in August 2007, indicating that existing tenants would...
GatewayRail starts rail operations at ICD Faridabad Snowman files redherringprospectus for an IPO of its equity shares Snowman IPO opens on 26 August in...
later amalgamated with the State Bank of Travancore in 1964. "SBT RedHerringProspectus" (PDF). SEBI. Archived from the original (PDF) on 10 January 2017...
Archived from the original on 8 March 2016. Retrieved 15 August 2015. "RedHerringProspectus" (PDF). DLF Limited Official Website. p. 153. Retrieved 5 July 2011...
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