<ul><li>Online investment platform Groww filed its draft red herring prospectus (DRHP) for its IPO through the confidential route on May 26.</li><li>Confidential IPO filing allows companies to submit IPO registration documents to Sebi without immediate public disclosure to keep sensitive information confidential.</li><li>Companies choose confidential filing for privacy, flexibility in assessing market conditions, and addressing regulatory feedback before making documents public.</li><li>New-age companies like Groww, Shiprocket, Swiggy, and Tata Play have chosen the confidential IPO route since its introduction in November 2022.</li></ul>

ETtech Explainer: What is confidential IPO filing, and why do startups choose it?

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