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Suven Life Sciences Limited Rights Issue (Suven Life Sciences Rights Issue 2022) Detail

October 31, 2022 - November 10, 2022
Suven Life Sciences Limited Logo

Incorporated in 1989, Suven Life Sciences provides a wide range of Drug Discovery and Development Support Services (DDDSS) to global Pharma and Biotech companies. Suven discovery research is focused on discovering and developing new chemical entities (NCEs), which are best-in-class central nervous system therapies for the treatment of cognitive disorders, major depressive disorders, sleep disorders, psychiatric disorders, pain and inflammation, gastro-intestinal motility disorders.

Suven Life Sciences Rights Issue 2022 Detail

Issue Open October 31, 2022 - November 10, 2022
Security Name Suven Life Sciences Limited
Issue Size (Shares) 72,691,239
Issue Size (Amount) ₹399.80 Crores
Issue Price ₹55 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The full amount of Rs. 55 per share has to be paid at the time of Application.

Entitlement 1 Equity Shares for every 2 Equity Shares held on the Record Date

Suven Life Sciences Rights Issue 2022 Issue Timetable

Record Date October 18, 2022
Credit of Rights Entitlements October 28, 2022
Bid/Offer Opens On October 31, 2022
Renunciation of Rights Entitlements November 3, 2022
Bid/Offer Closes On November 10, 2022
Deemed Date of Allotment November 18, 2022
Credit Date November 21, 2022
Listing Date November 24, 2022

Company Financials

Suven Life Sciences Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21128.4221.23-72.15
31-Mar-22108.0317.16-122
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards the funding of the following objects:

1. Meeting costs related to pharmaceutical research & development and clinical trial for molecules in the research pipelines.

2. Repayment of an inter-corporate deposit availed by the Company.

3. General corporate purposes.

Suven Life Sciences Rights Issue 2022 Documents

Suven Life Sciences Rights Issue 2022 Rating

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Suven Life Sciences Rights Issue 2022 Reviews

Company Contact Information

Suven Life Sciences Limited
8-2-334, SDE Serene Chambers,
6th Floor Road No.5, Avenue 7, Banjara Hills,
Hyderabad – 500 034

Phone: 91 40 2354 1142
Email: info@suven.com
Website: http://www.suven.com/

Suven Life Sciences Rights Issue 2022 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: suven.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Suven Life Sciences Rights Issue 2022 Lead Manager(s)

Suven Life Sciences Rights Issue 2022 FAQs

The Suven Life Sciences Rights Issue 2022 opens on October 31, 2022, and closes on November 10, 2022.

Suven Life Sciences Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsOctober 28, 2022
Last Date for renunciation of Rights EntitlementsNovember 3, 2022
Issue Opening DateOctober 31, 2022
Issue Closing DateNovember 10, 2022
Date of Allotment (on or about)November 18, 2022
Date of Credit (on or about)November 21, 2022
Date of Listing (on or about)November 24, 2022

Suven Life Sciences Rights Issue 2022 price is set at ₹55 per share per equity share.

The eligible shareholders are being offered 1 Equity Shares for every 2 Equity Shares held on the Record Date (October 18, 2022).

The record date for the Suven Life Sciences Rights Issue 2022 is October 18, 2022.

The issue size of Suven Life Sciences Rights Issue 2022 is of 72,691,239 equity shares at ₹55 per share aggregating upto ₹399.80 Crores.

The Letter of Offer for Suven Life Sciences Rights Issue 2022 can be download here.

You can apply for Suven Life Sciences Rights Issue 2022 in two ways:

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

Steps to apply for Suven Life Sciences 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 Suven Life Sciences Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Suven Life Sciences 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 Suven Life Sciences Rights Issue 2022 using Registrar's website (R-WAP)

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

2 Comments

2. arunARUN     Link|October 29, 2022 5:32:36 PM
Any One has any outlook. Not inspiring. let us see renuincian rate on monday
1. ipo.investor     Link|October 21, 2022 10:54:48 AM
Does anyone know how to sell right entitlements for Suven Life? Got an sms from cdsl for credit of rights entitlements but i don't see them in the demat account

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