Definition
Abridged Prospectus
An abridged prospectus is a short, summarised version of the full prospectus that must accompany every IPO application form.
Indian law (the Companies Act and SEBI ICDR Regulations) requires that a condensed prospectus be made available with the application form so retail investors can see the key facts without reading the entire RHP. It summarises the business, financials, risk factors, objects of the issue and the price band.
In the modern ASBA and UPI era, the abridged prospectus is usually provided as a QR code or link rather than a printed booklet. It is meant to ensure that even small investors get a digestible disclosure before they apply.
Related terms
- Red Herring Prospectus (RHP)The RHP is the near-final IPO offer document filed with the Registrar of Companies just before the issue opens, containing the price band but not the final allotment price.
- ASBAASBA (Application Supported by Blocked Amount) is the mechanism where IPO application money stays blocked in the investor's bank account until shares are allotted.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.