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Suzlon Energy Ltd Rights Issue (Suzlon Energy Rights Issue 2022) Detail

Oct 11, 2022 - Oct 20, 2022
Suzlon Energy Ltd Logo

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.

Suzlon Energy Rights Issue 2022 Detail

Issue Open Oct 11, 2022 - Oct 20, 2022
Security Name Suzlon Energy Ltd
Issue Size (Shares) 2,400,000,000
Issue Size (Amount) ₹1,200.00 Crores
Issue Price ₹5 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment

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.

Entitlement 5 Equity Shares for every 21 Equity Shares held on the Record Date

Suzlon Energy Rights Issue 2022 Issue Timetable

Record Date Oct 4, 2022
Credit of Rights Entitlements Oct 10, 2022
Bid/Offer Opens On Oct 11, 2022
Renunciation of Rights Entitlements Oct 14, 2022
Bid/Offer Closes On Oct 20, 2022
Deemed Date of Allotment Oct 31, 2022
Credit Date Nov 1, 2022
Listing Date Nov 3, 2022

Company Financials

Suzlon Energy Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-216601.093365.59100.34
31-Mar-226474.866603.97-166.19
Amount in ₹ Crore

Objects of the Issue:

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

Suzlon Energy Rights Issue 2022 Documents

Suzlon Energy Rights Issue 2022 Rating

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Suzlon Energy Rights Issue 2022 Reviews

Company Contact Information

Suzlon Energy Ltd
Suzlon House,
5 Shrimali Society, Navrangpura,
Ahmedabad 380009

Phone: +91-79-660 45000
Email: investors@suzlon.com
Website: https://www.suzlon.com/

Suzlon Energy Rights Issue 2022 Registrar

  1. KFin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: suzlon.rights@kfintech.com
    Website: https://karisma.kfintech.com/

Suzlon Energy Rights Issue 2022 Lead Manager(s)

Suzlon Energy Rights Issue 2022 FAQs

The Suzlon Energy Rights Issue 2022 opens on Oct 11, 2022, and closes on Oct 20, 2022.

Suzlon Energy Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsOct 10, 2022
Last Date for renunciation of Rights EntitlementsOct 14, 2022
Issue Opening DateOct 11, 2022
Issue Closing DateOct 20, 2022
Date of Allotment (on or about)Oct 31, 2022
Date of Credit (on or about)Nov 1, 2022
Date of Listing (on or about)Nov 3, 2022

Suzlon Energy Rights Issue 2022 price is set at ₹5 per share per equity share.

The eligible shareholders are being offered 5 Equity Shares for every 21 Equity Shares held on the Record Date (Oct 4, 2022).

The record date for the Suzlon Energy Rights Issue 2022 is Oct 4, 2022.

The issue size of Suzlon Energy Rights Issue 2022 is of 2,400,000,000 equity shares at ₹5 per share aggregating upto ₹1,200.00 Crores.

The Letter of Offer for Suzlon Energy Rights Issue 2022 can be download here.

You can apply for Suzlon Energy Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Suzlon Energy Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Suzlon Energy Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Suzlon Energy Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Suzlon Energy Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Suzlon Energy Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

102 Comments

102. PK   I Like It. 1|Report Abuse|  Link|Nov 9, 2022 9:11:33 PMReply
You will be informed for 2nd instalment of 2.5rs per share. It will take a few weeks/months.
102.4. Pankaj   I Like It. |Report Abuse|  Link|Nov 21, 2022 12:57:10 PM
By when can we expect to get the second payment mail? The complete process is very confusing. SEBI or concerned people should make this process smooth and avoid any confusions in between.
102.5. SANDEEP SINGH   I Like It. |Report Abuse|  Link|Nov 23, 2022 12:19:11 PM
WHARE IS MY SUZLON ENERGY RE SHARE . ACTUALLY I HAVE BUY A MARKET RATE SUZLON ENERGY RE 3700 SHARE ... BUT THAT TIME NOT REFLECT IN MY DEMAT .. WHAT TO DO .
101. Carolyne   I Like It. |Report Abuse|  Link|Nov 11, 2022 4:38:18 PMReply
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100. Kishore Kumar   I Like It. |Report Abuse|  Link|Nov 11, 2022 1:04:59 PMReply
I applied for suzlon Right issue , still it is not credited .What to do .
Raised compalint on zerodha as well.
99. Foram Bhanushali   I Like It. |Report Abuse|  Link|Nov 10, 2022 10:26:13 AMReply
Hi I buy 3000 share buy thare is no information about this share when the share is allotted
98. Foram Bhanushali   I Like It. |Report Abuse|  Link|Nov 10, 2022 10:25:21 AMReply
Hi I buy 3000 share buy thare is no information about this share when the share is allotted
97. PK   I Like It. |Report Abuse|  Link|Nov 8, 2022 7:10:26 AMReply
Check your portfolio Suzlon PP Shares are credited yesterday on 7th Nov 2022.
If not credited ask your broker.
97.1. NarenGoud   I Like It. |Report Abuse|  Link|Nov 9, 2022 10:18:04 AM
@PK
what is the next step?
96. Rohit   I Like It. |Report Abuse|  Link|Nov 9, 2022 8:47:12 AMReply
When to pay remaining amount and when suzlon shares in a single script bcs currently its showing as Suzlon & Suzlon RE , any idea --- pls help
95. BPK   I Like It. |Report Abuse|  Link|Nov 8, 2022 9:22:06 PMReply
what is the next step once got the Suzlon PP shares credited ?
94. Shabir   I Like It. |Report Abuse|  Link|Nov 7, 2022 10:28:26 PMReply
Sir I had 4000 thousand shares which became zero but the money should come back or not.
93. Shabir   I Like It. |Report Abuse|  Link|Nov 7, 2022 10:26:01 PMReply
Sir when did paisa returns happen
92. Shabir   I Like It. |Report Abuse|  Link|Nov 7, 2022 10:24:17 PMReply
Sir it is wrong nor I have also become 4000 zeros
91. Ishwar Dayal   I Like It. |Report Abuse|  Link|Nov 7, 2022 9:07:54 PMReply
Pls. Help how and when to pay remained payment @2.5/- for suzlon energy right issue.
90. Vijay Kumar   I Like It. |Report Abuse|  Link|Nov 7, 2022 1:08:05 PMReply
Hi I buy suzlon re 5423shear but not showing my portfolio
Mujhe pehle suzlon re ke 700 stock mila tha fir mane sale kare than fir buy kare GROWW se ab mujhe mere portfolio pe show nai horra way
90.1. Shiv   I Like It. |Report Abuse|  Link|Nov 7, 2022 2:38:34 PM
@Vijay Kumar Hi, if you have bought RE and do not file RE-issue share till 20th Oct 2022 by net banking or any other process (for which you have already gotten an e-mail) then it has lapsed. ab ye aapke account me nhi aayenge.. aap ek bar chahe to grow app k customer care me baat kr skte ho. kyoki ye aapo apply krna that 20 October tak.
89. Madhan   I Like It. |Report Abuse|  Link|Nov 7, 2022 12:25:45 PMReply
I can see SUZLONPP - E1 in my holdings,what can do next
88. SHAILESH PAPRIWAL   I Like It. |Report Abuse|  Link|Nov 4, 2022 3:33:37 PMReply
RIGHT ISSUE ALLOTMENT SHARES NOT CREDITED IN DEMAT ACCOUNT & NOT LISTED NSE & BSE
88.1. NarenGoud   I Like It. |Report Abuse|  Link|Nov 4, 2022 8:38:41 PM
As per below link, November 7, 2022 is the listing date.

https://tradingqna.com/t/everything-you-need-to-know-about-the-suzlon-energy-ltd-rights-issue/137066
88.2. NarenGoud   I Like It. |Report Abuse|  Link|Nov 7, 2022 9:44:08 AM
I can see SUZLONPP-E1 shares under holdings, waiting for the next action.
87. Mohd Arshad   I Like It. |Report Abuse|  Link|Nov 5, 2022 8:56:09 PMReply
I have applied for suzlon right share with 2
5 Rs per share payment.
Shares are shown in my profile with name SUZLONENLP with value 0.
When to pay the remaining 2.5 Rs per share?
86. PRASHANT TRIVEDI   I Like It. |Report Abuse|  Link|Nov 4, 2022 1:45:24 PMReply
Hi,
I had purchased Suzlon-RE rights entitlement while they were listed in market for trading, but forgot to sell those. What will happen to those purchases. Please help!
86.2. Prashant   I Like It. |Report Abuse|  Link|Nov 4, 2022 5:04:02 PM
And what will happen to the funds involved? Is it also lapsed in the process?
86.3. Saravanan   I Like It. |Report Abuse|  Link|Nov 5, 2022 12:32:01 PM
Yes, Funds also lapsed, everything zero now.
85. PASALA ADINARAYANA   I Like It. |Report Abuse|  Link|Nov 4, 2022 6:46:35 PMReply
Uzlon re 1014 qty and profit 1300/- and application me 2600/- something cugai 3 Nov ko share. Ya price show Karega bola leni nahi show horai pls send details my
Pls help me
84. Uday   I Like It. |Report Abuse|  Link|Nov 4, 2022 1:52:22 PMReply
Can anyone enlighten us about the listing of rights issue and credit to our dmat account
83. D S LAMBA   I Like It. |Report Abuse|  Link|Nov 4, 2022 3:04:02 PMReply
Trading Members of the Exchange are hereby informed that effective from Monday, November 07, 2022, the new securities of Suzlon Energy Ltd (Scrip Code: 890176) shall be listed and permitted to tradeon the Exchange in the list of 'A' Group of Securities.