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DRHP KNOWN FOR DRHP is "Draft Red Herring Prospectus", which is the comprehensive document about the company needs to submit to SEBI while during IPO process. IPO is the process and opportunity for the new start-up company to generate their capital by submit the application with SEBI, while during the process, that company needs to prepare one comprehensive document about the company details, that document is known as DRHP. New start up company needs to search financial experts like merchant bankers etc., for filing a IPO, that merchant banker will helps that company to generate DRHP and it will be submitted to SEBI, if any corrections needs it will be informed to merchant bankers from SEBI and then it will be corrected and resubmitted to SEBI. DRHP CONTAINS WHAT 1. Business description 2. Financial description 3. Case details 4. Shares details. 5. Industry overview etc., WHY DRHP In order to register with SEBI, new startup company, needs to fill this DRHP, this is the rule of SEBI. So, DRHP is must for every company for IPO process. Investors who want to know about the DRHP document, we can see this in merchant bankers' website or that particular company website, so that we can analyse the business to invest the money.