Loading...

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

183
4.0
Rating:Rated 4.0 stars
Vote Here ...

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

82. D S LAMBA     Link|Nov 4, 2022 2:47:10 PM
Hi all, on 1st Nov 22 night I got an email that shares were credited to my account, in the same email (only the time differed) the same amount of share were debited. can anyone help me what should I do now?
81. KS     Link|Nov 4, 2022 1:40:35 PM
I am getting mails and sms that shares have been credited to my account but when I check the DP holding, I cannot find any rights issue shares.
80. Shiv     Link|Nov 3, 2022 11:39:49 AM
Hi all, on 1st Nov 22 night I got an email that shares were credited to my account, in the same email (only the time differed) the same amount of share were debited. can anyone help me what should I do now?
80.5. Amit Surana     Link|Nov 4, 2022 11:16:42 AM
now will have to wait for pending call money....
80.6. No limit     Link|Nov 4, 2022 12:35:57 PM
@pk .... wait for pending call money
79. T.N.Roshan prakaash     Link|Nov 3, 2022 9:26:40 PM
I work 6 month in windform
78. Ansar     Link|Nov 3, 2022 5:55:22 PM
All my Suzlon energy Re shares has disappeared from my demart account and I got an email of debit of all shares. What does it mean?
77. Mandar     Link|Nov 3, 2022 2:02:53 PM
HELLO ,
I received mail quantity debited on 1st nov2022 ? its mean i alloted suzlon re shares or not ?
76. Yeshwanth   I Like It. 1|  Link|Nov 3, 2022 11:15:50 AM
you can find the shares if allotted in cdslindia.com. Currently the status is showing as "IPO Allotment in Process". It may appear in your trading account soon.
75. Dharmik     Link|Nov 2, 2022 11:09:28 AM
Yes , email received for alloted but did not receive any shares in my demat account.

75.1. Preetham     Link|Nov 3, 2022 10:25:53 AM
Hi Dharmik

I got allotment mail but shares not credited in my account. How about you did the shares credited to ur demat can anyone confirm the same
75.2. Dharmik     Link|Nov 3, 2022 10:35:10 AM
Hi preetam
Yet still not credited any shares my account.

74. Scott     Link|Nov 3, 2022 7:36:49 AM
When should I pay the balance 2.5 per right issued share?
73. V RAJALINGAM     Link|Nov 1, 2022 3:38:36 PM
My shares 134285 blocked SUZLON RE
HOW TO RELEASE
73.1. Vineet     Link|Nov 2, 2022 8:13:57 PM
Suzlon RE were not shares per se. Those were the entitlements to applying for rights share, in other words premium you paid over and above rights share price to get them. They will disappear. If you applied for rights shares against your entitlement, you should have received that by now.
72. Parth     Link|Nov 1, 2022 10:53:26 PM
Got allotment mail from Suzlon.
72.1. Parveen     Link|Nov 1, 2022 11:41:34 PM
Hi when did you receive the email from Suzlon
72.2. Parth     Link|Nov 2, 2022 9:55:52 AM
Yesterday.
71. hbk     Link|Oct 28, 2022 7:13:33 PM
Anyone got allotment?
My Bank account is debited with Rs. 10495.
Was eligible for 952 rights.
Applied for 20000 rights shares.
71.9. M P R     Link|Nov 1, 2022 6:13:55 PM
Hi hbk did u get allotment I did not grt it
71.10. hbk     Link|Nov 2, 2022 1:24:03 AM
@Preetham. Rights shares trading starts 3rd November. Shares will be credited by then in your demat.
@MPR rec'd mail from Kfin yesterday. Regarding allotment.

Hoping price not to go below 7.5

So many extra shares. Seems many have not applied in the rights.
70. Yeshwanth     Link|Nov 1, 2022 10:40:48 PM
Received an email from kfintech stating that equity shares which I applied have been allotted. I believe these will show up in trading platform on Nov 3rd.
70.1. Hari     Link|Nov 1, 2022 11:44:05 PM
Hi Yeshwant did you get email today
69. Parveen     Link|Nov 1, 2022 1:08:20 PM
Hi

Has anyone got allotment of Suzlon shares my money got debited from account on 28-OCT but did not receive any shares in my demat account.
69.2. Parveen     Link|Nov 1, 2022 8:42:18 PM
Thank you Naren. Can you please confirm Is there anyway to check if allotment has been done to me or not. Money has been debited from my account on 28 Oct itself
69.3. Anji Reddy G     Link|Nov 1, 2022 9:44:14 PM
I am also facing same issue. For me RS.2.5 per share got debited. But Shares were not showing in my Demat account. Also i am not sure when the remaing amount will be debited from my account.
68. Anji Reddy G     Link|Nov 1, 2022 9:42:09 PM
Hi

Has anyone got allotment of Suzlon shares? My money got debited from account on 28-OCT but did not receive any shares in my demat account.

And only 2.5 per share debited(Blocked amount) from my account. Remaining money when it will be debited?
67. Aman     Link|Nov 1, 2022 3:58:06 PM
Hi, I had 1100 suzlon shares and applied 10000 shares under suzlon right share entitlement at 1.9 rs, there is no movement on this since last 15 days, can someone pls help here. Is my blocked blocked or what is reason.
66. Ainosha Lyngdoh Marshillong     Link|Oct 29, 2022 6:07:40 PM
My block amount get debited from bank today .will i be alloted for right share?
66.1. Preetham     Link|Nov 1, 2022 1:10:14 PM
Hi any update my money also debited from account but shares not yet received in account.
65. Harry     Link|Oct 28, 2022 3:32:52 PM
Can someone please provide what is the next steps for suzlon rights issue? 2.5 per share money is blocked from my ICICI account as I submitted application for rights issue of suzlon.
65.1. Ajay     Link|Oct 28, 2022 4:34:40 PM
I have also faced same issue.
65.2. Pradeep     Link|Oct 31, 2022 11:43:42 PM
Harry wait & watch.
The application money is debited from your account.
Total allotment money @ Rs.2.50 will be kept for alloted shares. Balance amount will be paid back to your bank account.
Then call for Rs.2.50 will be made which we have to pay on allotted shares.
64. Ajay     Link|Oct 28, 2022 4:35:29 PM
Can someone please provide what is the next steps for suzlon rights issue? INR 2.5 per share money is blocked from my ICICI account as I submitted application for rights issue of suzlon.
64.2. Harry     Link|Oct 29, 2022 5:42:17 PM
Amount is debited from my account
64.3. Ankit     Link|Oct 31, 2022 10:58:23 AM
Same for me also..amt got deducted on 28th oct but when will the rest amt deduct? Any information?
63. Vimla     Link|Oct 30, 2022 2:19:45 AM
shareholders authorised RE se jyada apply Kar sakte h kya or RE se extra milne ke chance kese hote h