Product
Prefyle covers the work where DRHP timelines are won or lost — from the first draft through to the record of what was checked. Everything it outputs cites the ICDR provision or the issuer document it derives from.
Move across the draft to run the review
Capability 01 — Drafting
Prefyle drafts DRHP chapters the way an experienced analyst would on their best day: starting from the regulation's disclosure requirements, filling in the issuer's actual facts, and flagging what is missing rather than papering over it.
Objects of the Offer, Risk Factors, and other disclosure-heavy chapters, produced section by section against the ICDR structure for that chapter.
Every factual statement is drawn from the issuer documents you upload. Where the source record is silent, Prefyle inserts a marked gap instead of a plausible guess.
The draft arrives with an explicit list of the information still required from the issuer, so your team requisitions documents once instead of in four rounds.
A marked gap costs your team an email. An invented fact costs the mandate.
Capability 02 — Review
Point the review module at a draft, whether Prefyle wrote it or a person did, and it runs the document against a structured library of SEBI ICDR requirements.
Each applicable ICDR provision is checked against the draft: present, absent, or present but inconsistent.
Every flag names the regulation, schedule, or clause it comes from. Your reviewer opens the citation, reads the provision, and makes the call.
Figures and statements that appear in multiple chapters are checked against each other, because the observation letter does not care which chapter was updated last.
Findings arrive ordered by exposure, so a missing mandatory disclosure is not buried under formatting notes.
Capabilities 03 to 05
Drafting and review are where the hours go. These three are what make the output usable by the firm that has to sign it.
Restated financials, the auditor's report and the related schedules are read and turned into the disclosure the chapter requires. Figures are carried through rather than re-keyed, so what appears in Objects of the Offer still reconciles with the financial statements at submission.
Full change history across the mandate: what version was checked, what was flagged, what was resolved and by whom. The record is built to support the BRLM's own diligence obligations rather than sit outside them.
Prefyle learns your firm's house drafting voice from its previous filings. What comes back reads like your team's own work, so review time goes on judgment rather than on rewriting tone.
Citations and audit trail
The reason compliance teams distrust AI drafting tools is sound: an output you cannot verify is a liability, not an asset. Prefyle is built around the opposite premise.
Every finding carries its regulatory citation. Every drafted statement carries its document source. Every review run is logged: what version was checked, what was flagged, what was resolved and by whom. When the mandate file is examined later, the record of diligence is already in it.
Drafts export to Word, because that is where DRHPs live. Review findings export as a structured checklist your team can circulate internally or attach to the diligence file. Prefyle sits alongside your existing drafting process; it does not ask your firm to change how partners sign off.
Prefyle handles unpublished, price-sensitive issuer information, and is built accordingly. Client data is segregated per mandate, encrypted in transit and at rest, and never used to train models. Access is restricted to the deal team you designate. Data handling terms are documented in the agreement, not in a policy page that changes quietly.
The boundaries, stated plainly
Prefyle is not a substitute for your review, your diligence, or your professional judgment. It does not certify compliance and it does not guarantee that a filing will draw no observations. What it does is make your review systematic: every applicable requirement checked, every finding cited, every resolution recorded.
The last line of review is still yours. Prefyle makes sure it is a stronger one.
The fastest way to judge Prefyle is to point it at a draft your team has already reviewed, and see what it surfaces that the manual pass did not.
We respond within one working day.
Every one of these was findable in the draft before submission.