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

October 11, 2022 - October 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 October 11, 2022 - October 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 October 4, 2022
Credit of Rights Entitlements October 10, 2022
Bid/Offer Opens On October 11, 2022
Renunciation of Rights Entitlements October 14, 2022
Bid/Offer Closes On October 20, 2022
Deemed Date of Allotment October 31, 2022
Credit Date November 1, 2022
Listing Date November 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://kosmic.kfintech.com/ipostatus/

Suzlon Energy Rights Issue 2022 Lead Manager(s)

Suzlon Energy Rights Issue 2022 FAQs

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

Suzlon Energy Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsOctober 10, 2022
Last Date for renunciation of Rights EntitlementsOctober 14, 2022
Issue Opening DateOctober 11, 2022
Issue Closing DateOctober 20, 2022
Date of Allotment (on or about)October 31, 2022
Date of Credit (on or about)November 1, 2022
Date of Listing (on or about)November 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 (October 4, 2022).

The record date for the Suzlon Energy Rights Issue 2022 is October 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.

109 Comments

89. Madhan     Link|November 7, 2022 11:25:45 AM
I can see SUZLONPP - E1 in my holdings,what can do next
88. SHAILESH PAPRIWAL     Link|November 4, 2022 2:33:37 PM
RIGHT ISSUE ALLOTMENT SHARES NOT CREDITED IN DEMAT ACCOUNT & NOT LISTED NSE & BSE
88.1. NarenGoud     Link|November 4, 2022 7:38:41 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     Link|November 7, 2022 8:44:08 AM
I can see SUZLONPP-E1 shares under holdings, waiting for the next action.
87. Mohd Arshad     Link|November 5, 2022 7:56:09 PM
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     Link|November 4, 2022 12:45:24 PM
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     Link|November 4, 2022 4:04:02 PM
And what will happen to the funds involved? Is it also lapsed in the process?
86.3. Saravanan     Link|November 5, 2022 11:32:01 AM
Yes, Funds also lapsed, everything zero now.
85. PASALA ADINARAYANA     Link|November 4, 2022 5:46:35 PM
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     Link|November 4, 2022 12:52:22 PM
Can anyone enlighten us about the listing of rights issue and credit to our dmat account
83. D S LAMBA     Link|November 4, 2022 2:04:02 PM
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.
82. D S LAMBA     Link|November 4, 2022 1:47:10 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|November 4, 2022 12:40:35 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|November 3, 2022 10:39:49 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|November 4, 2022 10:16:42 AM
now will have to wait for pending call money....
80.6. No limit     Link|November 4, 2022 11:35:57 AM
@pk .... wait for pending call money
79. T.N.Roshan prakaash     Link|November 3, 2022 8:26:40 PM
I work 6 month in windform
78. Ansar     Link|November 3, 2022 4:55:22 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|November 3, 2022 1:02:53 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|November 3, 2022 10:15:50 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|November 2, 2022 10:09:28 AM
Yes , email received for alloted but did not receive any shares in my demat account.

75.1. Preetham     Link|November 3, 2022 9:25:53 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|November 3, 2022 9:35:10 AM
Hi preetam
Yet still not credited any shares my account.

74. Scott     Link|November 3, 2022 6:36:49 AM
When should I pay the balance 2.5 per right issued share?
73. V RAJALINGAM     Link|November 1, 2022 2:38:36 PM
My shares 134285 blocked SUZLON RE
HOW TO RELEASE
73.1. Vineet     Link|November 2, 2022 7:13:57 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|November 1, 2022 9:53:26 PM
Got allotment mail from Suzlon.
72.1. Parveen     Link|November 1, 2022 10:41:34 PM
Hi when did you receive the email from Suzlon
72.2. Parth     Link|November 2, 2022 8:55:52 AM
Yesterday.
71. hbk     Link|October 28, 2022 6:13:33 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|November 1, 2022 5:13:55 PM
Hi hbk did u get allotment I did not grt it
71.10. hbk     Link|November 2, 2022 12:24:03 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|November 1, 2022 9:40:48 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|November 1, 2022 10:44:05 PM
Hi Yeshwant did you get email today

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