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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

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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

2. Amit Surana     Link|Oct 2, 2022 1:01:40 AM
lot of news going around about some big company may take over it... or this company itself has turnaround and can expect good returns...

what is your view and will you apply for this right?
1. arunARUN     Link|Sep 29, 2022 7:45:05 PM
I think this forum will be more active on post record date basis. Given 22 lakh shareholder (all demat) i expect more comments