What is the time gap between DRHP and RHP?

Once DRHP gets approved by SEBI, companies file RHP to the Registrar of Companies (RoC). The time gap between filling DRHP and RHP depends on when the company obtains SEBI&rsquo's approval.

When a company files DRHP, SEBI issues an observation letter within 30 days and companies have to incorporate all the required changes and modifications and refile DRHP within a year or 12 months. Once SEBI grants its approval on DRHP, it is converted into the final offer document as RHP.

RHP must be filed at least 3 days before the IPO offer opening date.