₹1,200.00 Crores | Listing at BSE, NSE | Tue, Oct 11, 2022 - Thu, Oct 20, 2022
Suzlon Energy Ltd Rights Issue comprises 240.00 Cr equity shares aggregating to ₹1,200.00 Cr, offered at an issue price of ₹5 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Oct 4, 2022.
The term of payment is defined as following : The amount of Rs. 2.50 per share has to be paid at the time of Application and Rs. 2.50 per share On subsequent calls.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 31, 2022.
The Rights Issue opens on Oct 11, 2022, and closes on Oct 20, 2022, with renunciation of Rights Entitlements permitted up to Oct 14, 2022.
The deemed date of allotment is Oct 31, 2022, following which the equity shares are expected to be credited to demat accounts on Nov 1, 2022 and listed at the NSE and the BSE on Nov 3, 2022.
Inga Ventures Pvt.Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Suzlon Energy Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Oct 4, 2022
Entitlement Ratio
:
Open Date
Tue, Oct 11, 2022
Close Date
Thu, Oct 20, 2022
The amount of Rs. 2.50 per share has to be paid at the time of Application and Rs. 2.50 per share On subsequent calls.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6601.09 | 3365.59 | 100.34 |
| 31-Mar-22 | 6474.86 | 6603.97 | -166.19 |
| Amount in ₹ Crore | |||
Suzlon Energy Limited is among the world's leading renewable energy solutions provider in India. The company has Presence in 17 countries across Asia, Australia, Europe, Africa and the Americas. Suzlon Group has over 1900+ customers globally. The company has a capacity of 19,441+ MW wind energy Installations.
The company offers services such as solar-wind hybrid energy solution provider, Wind Resource Assessment, Wind Park Delivery Process, Land Sourcing and Approvals, Infrastructure Development, Installation & Commissioning / Erection, Testing & Commissioning, Supply Chain Management, and Research and Development.
The proposed utilization of the Net Proceeds by the Company are following:
1. Repayment or pre-payment of a portion of certain outstanding borrowings availed by the Company and its Subsidiaries.
2. General corporate purposes
[Dilip Davda] Though SEL is one of the largest players in the Wind Energy segment, it continued to mark losses. Huge carried forward loss and negative NAV raise concern. There is no harm in skipping this greedily priced RI though the promoters and other investors have indicated their commitments to subscribing to RI for their portions up to the full extent. A large equity base post-RI may pose difficulty in its servicing. Read detail review...
Suzlon Energy Ltd
Suzlon House,
5 Shrimali Society, Navrangpura,
Ahmedabad 380009
Ahmedabad, Gujarat, 380009
The Suzlon Energy Rights Issue 2022 opens on Tue, Oct 11, 2022, and closes on Thu, Oct 20, 2022.
Suzlon Energy Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Oct 10, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Oct 14, 2022 |
| Issue Opening Date | Tue, Oct 11, 2022 |
| Issue Closing Date | Thu, Oct 20, 2022 |
| Date of Allotment (on or about) | Mon, Oct 31, 2022 |
| Date of Credit (on or about) | Tue, Nov 1, 2022 |
| Date of Listing (on or about) | Thu, Nov 3, 2022 |
You can apply for Suzlon Energy Rights Issue 2022 in two ways:
Steps to apply for Suzlon Energy Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Suzlon Energy Rights Issue 2022 using Registrar's website (R-WAP)
