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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

69. Parveen     Link|November 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|November 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|November 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|November 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|November 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|October 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|November 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|October 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|October 28, 2022 4:34:40 PM
I have also faced same issue.
65.2. Pradeep     Link|October 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|October 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|October 29, 2022 5:42:17 PM
Amount is debited from my account
64.3. Ankit     Link|October 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|October 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
62. Manup     Link|October 29, 2022 6:53:23 PM
Amount still lien in BOB .Any updates BOB a/c holders ?
61. Dharmik     Link|October 29, 2022 5:40:21 PM
I have application apply for 400 share and today lien amount debit in my account.

Bank narratiion written in Transfer to Mr. Br parking.

Please share allotted or not?
60. Manup     Link|October 21, 2022 1:11:15 PM
Any predictions how much ℅ of extra shares anyone get ?
59. A     Link|October 20, 2022 8:18:07 PM
How do I withdraw my application submitted through net banking
58. Vikas     Link|October 19, 2022 4:08:58 PM
What is to be written in application no
58.1. Hiren Adhvaryu   I Like It. 1|  Link|October 20, 2022 5:31:18 PM
ज्यादातर शेयर होल्डर को सुजलोन ने राइट इश्यू का प्रॉस्पेक्ट और एप्लिकेशन फॉर्म भेजा ही नही है।ऐसी घटिया कंपनी हमने मार्केट मे कभी देखी ही नहिऔर उसका रजिस्ट्रार भी बोगस है।ये शेयर होल्डर के साथ चीटिंग है।लास्ट मोमेंट तक शेयर होल्डर राइट इश्यू भरनेक लिए इधर उधर भटक रहे थे।शेयर मार्केट के जमादार SEBI और NSE BSE को सुजलोन एनर्जी लि कंपनी के ऊपर ऐक्शन लेना चाहिए।
57. SHAREKHAN BROKER     Link|October 20, 2022 2:56:23 PM
what is CAF/CNN Number?
56. arunARUN     Link|October 19, 2022 9:36:53 PM
On 19th Oct 2022 at 5 PM Suzlon rights issue subscription was 90%.
It looks like it will get over suscribed
56.1. Amit Surana     Link|October 19, 2022 10:59:00 PM
with todays rise this will surely be over subscribed....
i just hope this is not just a rise to attract more application in Rights... finger crossed...
55. Anil     Link|October 19, 2022 10:37:48 PM
How to apply for Suzlon rights issue, its not visible in fintech rights .. IN HDFC net banking also I cant see the option. PLease suggest
54. Hitesh     Link|October 19, 2022 10:28:37 PM
how can know subscription of suzlon right issue details
53. harsh     Link|October 19, 2022 9:18:21 PM
My netbanking is not allowing me to do the purchase what are my options
52. Mohd Arshad     Link|October 18, 2022 4:06:10 PM
I have 100 Suzlon shares, so i got 23 RE shares.
On trading days, I have bought 20000 more Suzlon right issues.
kfintech.com entitlement letter is showing 23 RE shares. What happen to my 20000 shares. Can I apply for those also.?
52.1. Sushil Kumar Pugalia     Link|October 19, 2022 7:07:53 PM
KFintech will show only what is your entitled quantiy on record date. You can apply for original plus purchased REs in full or something more. It will be considered when allotment is made. Tomorrow is last date, so please do so today through net banking.
51. Hari     Link|October 17, 2022 5:12:34 PM
Hello by default i got Suzlon-RE with x amount from previous holding, I again bought some Y amount before 14th Oct.

Now entire Suzlon-RE is not showing on my zerodha account. did i lost my RE?
i want to apply for right issue
51.5. Nakul     Link|October 18, 2022 4:34:53 PM
I also bought some RE shares on trading days. I can see that in my console-portfolio in addition to what I am entitled to. (X+Y as commented here by Hari).
I've the same question- How can I apply for the additionally bought RE shares (Y)?

Thanks!
51.6. Sushil Kumar Pugalia     Link|October 19, 2022 7:04:06 PM
Apply for your original RE plus what you puchased. Tomorrow is last date. Apply without fail else you lose money what you paid for purchased RE
50. Bimal Parida     Link|October 19, 2022 2:31:57 PM
I have purchased Suzlon RE share from Zerodha when it was visible in my portfolio and made payment on 14th, but now it’s not visible so what next I have to do get those shares
50.1. Sushil Kumar Pugalia     Link|October 19, 2022 6:59:35 PM
Tomorrow is last date. Apply for full entitled RE or may be something additional. At the time of allotment your purchased RE will be considered.
50.2. —     Link|October 19, 2022 7:03:55 PM
It’s was visible in your holdings ..as the re was trading that time..since the re trading last day was 14th. You can now view the re in your dp statement and can apply through the net banking

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