SEBI mandates draft abridged prospectus with QR code at DRHP stage

SEBI has mandated companies to provide a draft abridged prospectus at the Draft Red Herring Prospectus (DRHP) stage of the IPO process. The draft abridged prospectus will contain a focused, concise and standardised summary of offer documents to help retail investors. It will also come with a QR code, allowing investors to access all IPO announcements and essential details quickly.