Online investment platform ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/groww”>Groww data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/groww-files-draft-papers-for-ipo-eyes-700-million-to-1-billion-listing/articleshow/121403614.cms” target=”_blank”>filed its draft red herring prospectus (DRHP) with the market regulator for its initial public offering (IPO) through the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/confidential-route” target=”_blank”>confidential route, according to a public notice dated May 26.
More and more tech firms are choosing to opt for a confidential filing, but what does it mean, and why is it used? ETtech explains.
Confidential IPO route
A ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/confidential-ipo-filing” target=”_blank”>confidential IPO filing allows a company to submit its IPO registration documents to the Securities and Exchange Board of India (Sebi) without immediate public disclosure.
This…
