ACME Solar Holdings looking to re-file its DRHP

17/04/2018 00:06

ACME Solar Holdings is planning to re-file the draft red herring prospectus for its initial public offering (IPO), said the media reports.

“ACME Solar is looking to re-file its DRHP. They will file the new prospects with financial numbers for the fiscal ending 31 March. The company had several projects under development that have come online recently and, thus, the need to re-file as these will result in change of financial numbers and valuation,” said a person, requesting anonymity as he is not authorized to speak with the media.

In September, ACME Solar had first filed its DRHP with Sebi to raise Rs2,200 crore through the IPO. The company had planned to raise Rs 2,200 crore through its initial public offer (IPO).