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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

49. Bhavesh     Link|October 14, 2022 12:03:37 AM
SBI YONO LITE se apply kar raha hu usme application number ka option nahi hai, application number jaruri nahi hai?
49.3. Shubham Lachure     Link|October 18, 2022 9:47:07 PM
Bhavesh bhai,
Goo to SBI internet banking
Login
Go to e service
SELECT Apply ASBA
THEN ACCEPT ACCEPT ACCPET
Add new account
Then apply
Enter profile password
Otp
Accept
Done
49.4. Sushil Kumar Pugalia     Link|October 19, 2022 7:02:05 PM
Your DP no is application no. Final application will alloted when it is lodged with BSE.
48. SUNIL     Link|October 19, 2022 2:35:37 PM
HOW CAN FIND APPLICATION NUMBER
47. RAJENDRA CHAUAHN     Link|October 19, 2022 11:10:18 AM
my account in Indusind bank, how can i apply for right issue of suzlon
46. nirav devta     Link|October 19, 2022 12:19:19 AM
can you some one tell my account in bank of baroda and demat is in upstock and in the CDSL shows the share but now what to do for apply, because money how to pay
45. VRJ     Link|October 18, 2022 4:50:47 PM
how to suzlon right isse by upi
45.1. arunARUN     Link|October 18, 2022 11:25:22 PM
no option as much as i know
44. RAJ     Link|October 18, 2022 6:07:37 PM
how to suzlon right isse by HDFC SECURITY
43. Kader Khan     Link|October 18, 2022 5:56:38 PM
Suzlon Energy. Re
42. Laxman     Link|October 18, 2022 10:31:58 AM
I see the RE shares in my iifl dmat account. Do i need ro buy them or they allotted to me?
42.1. hbk     Link|October 18, 2022 1:19:12 PM
Apply for Rights shares. If you dont apply till 20th, they will lapse.
41. hbk     Link|October 18, 2022 1:16:08 PM
Can I revise bid to increase number of rights applied for? I tried to revise, but application is rejected.
40. Ganesh Prajapati     Link|October 17, 2022 10:11:46 PM
In my account show Suzlon-RE 714 share against 3000 share. I applied in sbi nonbanking throw 714 share price of 2.5. then how to pay remaining 2.5 rs per share:
40.1. hbk     Link|October 18, 2022 1:15:24 PM
Rs. 2.5 is the first call. Pending Rs. 2.5 payable when company calls for it in future.
39. Parivesh     Link|October 17, 2022 9:51:09 AM
Does right issue affect holding of suzlon ? Like some of my share will get debited from account?
38. Ketan     Link|October 15, 2022 3:29:54 PM
How ti apply for suzlon rrights issue with debit card
38.1. arunARUN     Link|October 16, 2022 12:49:05 AM
Will try and let you know. but upi works
38.2. Bhagvat Devidas shende     Link|October 17, 2022 9:34:43 AM
nergy write issue apply
37. Ketan     Link|October 15, 2022 1:25:58 PM
How to apply for SEL rights issue with dr card? Am existing shareholder and also holding RE ( market Purchase)
36. Joe     Link|October 13, 2022 5:50:29 PM
I have entitlement of Suzlon Rights issue in ICICIDIRECT.

In HDFC Bank there is an option to apply for rights issue of any DP. Can anyone confirm if they have done this?

For those who say there is no option in HDFC Bank, please go to Accounts, then Request and see last options IPO/Rights Issue New
36.1. SR     Link|October 14, 2022 3:41:57 PM
Yes - you can apply via HDFC bank but ensure that you provide the correct demat account number as mentioned in your ICICIDIRECT account.
36.2. Ou Ai     Link|October 15, 2022 7:34:20 AM
You don't need to apply from HDFC bank. Suzlon rights link is available in ICICI Direct under IPO section Please check.
35. Jey     Link|October 11, 2022 7:50:35 PM
In ICICI ASBA, Suzlon is not listed. Please help me to understand does anyone did apply through ICICI
35.3. Anil Mele Veettil     Link|October 14, 2022 3:41:42 PM
I am also unable to see Suzlon RE in ICICI. Can anyone help me how can i make payment online through icici bank?
35.4. Dinesh Mittal     Link|October 14, 2022 10:21:20 PM
Right Issue of Suzlon Energy Ltd. is visible in ICICI Direct under IPO section.
34. JKC Pillai     Link|October 14, 2022 7:37:52 PM
from where can we check the subscription status of this Rights Issue?
33. Milind     Link|October 14, 2022 3:57:50 PM
Kindly provide direct link to apply online through registrar site.

33.1. devilbhai     Link|October 14, 2022 6:38:59 PM
It is not possible to apply direct in suzlon right. You need to do either ASBA or go to your bank and give them physical application form.
32. VIJAY     Link|October 14, 2022 5:26:35 PM
i have account with Axis bank , how can i apply for suzlon right issue
31. Subrata Saha     Link|October 14, 2022 12:59:34 PM
May I apply right through Bandhan Bank
30. Subrata Saha     Link|October 14, 2022 12:58:30 PM
May I apply right through Bandhan Bank

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