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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

29. Anurag     Link|October 14, 2022 8:29:06 AM
I am smart account in venture, how I can apply for right issue , there is no option of apply right issue
28. Bhagwan das maheshwari     Link|October 13, 2022 6:19:56 PM
How cancle bid or amend
27. John     Link|October 11, 2022 3:19:57 PM
HDFC NetBanking lists Suzlon in Rights Issue now

Simply login to your HDFC account, left side you'll 'Request', scroll to the bottom, you'll see 'Rights Issue', click on it.

It'll show the current listed companies for Rights Issue, select Suzlon and click on Buy.

Provide details like 'no. of shares', your Demat details, click Submit.
27.2. Saranya     Link|October 13, 2022 4:03:36 PM
Thank you so much for this message. Can u pls explain how many shares shud i buy on right issue. Currently I hold 75 suzlon shares on my demat
27.3. Joe     Link|October 13, 2022 5:55:12 PM
Hi

Do you know if I can apply of Rights Issue through HDFC Bank ASBA of any DP (since I have rights issue shares in ICICIDirect). Because HDFC bank instructions say you can apply for any DP. Just want to make sure.
26. Sam     Link|October 13, 2022 4:28:12 PM
Hi All ,

I see some shares in HDFC demat for Suzlon . Believe that is rights entitlement but not able to apply for the same through HDFC Securities any idea how I can apply? Do I need to apply from HDFC netbanking rather than through Securities
25. N. RAGHU RAMA RAO     Link|October 12, 2022 7:28:41 PM
I APPLIED FOR SEL RIGHTS ISSUE THROUGH ASBA OF SBI. THANKS THE BOARDERS OF CHITTORGARH.
25.1. Pritesh     Link|October 13, 2022 12:35:23 PM
What's the url of SBI asba?
25.2. shankar     Link|October 13, 2022 1:00:45 PM
preetish
Log in sbi online. go to e services. you can find suzlon RT tab
24. Amit     Link|October 11, 2022 11:08:27 AM
Can one buy from market rather than applying for it
24.2. StockChomu     Link|October 12, 2022 5:03:08 PM
Yes, I like to buy from market for RE
24.3. NarenGoud     Link|October 13, 2022 11:55:05 AM
This is what I have received from Zerodha

The trading window for Suzlon Energy Limited REs you have received or purchased closes on 14 October 2022. Suzlon Energy Limited RE is a Rights Entitlement for the rights issue by the company. You can read more about REs here. After the rights issue closes, the REs will be extinguished and removed from your holdings. In order to ensure that your REs don't expire underutilized, you may either:

Apply for the rights shares by 20 October 2022 to utilize the REs.
Sell the REs on Kite by 14 October 2022.
The REs are traded in the trade to trade segment. Accordingly, if you've purchased the REs less than 3 trading days before the window closes, you will not be able to sell the REs on Kite. However, you may still apply for the rights shares before the application window closes.

The application can be made using net banking ASBA if your bank supports it or offline by submitting an Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post. Please ignore this email if you have already applied for the rights shares.

Regards,
Team Zerodha
23. rakesh     Link|October 12, 2022 8:52:10 PM
while applying for SEL what should we put in bid value
22. Amit Surana     Link|October 12, 2022 4:49:23 PM
DD Dir review it Avoid :(

now it is confusion... and market view unstable and global view not good.....

well have to rethink on whether to apply for it or not...
21. Yeshwanth     Link|October 12, 2022 3:42:27 AM
Please let me know what is SHA1, SHA2 ... SHA5 in Yes bank investor category? Which one to select while applying for rights?
20. viral     Link|October 11, 2022 4:16:57 PM
there is extra right issue suzlon share in my account today. and i don't know how to apply for right issue
20.1. Rajeev krishna     Link|October 11, 2022 8:36:25 PM
How apply right issue of Suzlon Energy ltd
19. M Ladha     Link|October 11, 2022 7:33:06 PM
For NRI having account in ICICIDIRECT the rights issue is not reflected how to apply
18. K K VERMA     Link|October 10, 2022 6:21:56 PM
1. Any one can advise how to make payment, can online payment be made
2. Wether any form is to be submitted, if yes, can it be online
18.1. No limit     Link|October 11, 2022 11:19:25 AM
You can apply for Suzlon Energy Rights Issue 2022 in two ways:

Net Banking (ASBA)
Registrar's Website (R-WAP Facility)
Steps to apply for Suzlon Energy Rights Issue 2022 using Net Banking (ASBA)

Log in to the net banking account of your bank.
Go to the 'IPO & Rights Issue' section.
Check if the Suzlon Energy Rights Issue 2022 available on the list.
Click the Apply button next to the Suzlon Energy Rights Issue 2022.
Fill and check your information.
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)

Visit registrar's website
Go to the 'Rights Issue' section
Select Suzlon Energy Rights Issue 2022 from the dropdown.
Enter Demat Account Number.
Fill the online application form.
Validate and submit the application.
18.2. Raj     Link|October 11, 2022 3:22:09 PM
You can apply for Suzlon Energy Rights Issue 2022 in two ways:

Net Banking (ASBA)
Registrar's Website (R-WAP Facility)
Steps to apply for Suzlon Energy Rights Issue 2022 using Net Banking (ASBA)

Log in to the net banking account of your bank.
Go to the 'IPO & Rights Issue' section.
Check if the Suzlon Energy Rights Issue 2022 available on the list.
Click the Apply button next to the Suzlon Energy Rights Issue 2022.
Fill and check your information.
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)

Visit registrar's website :
https://rights.kfintech.com/suzlon/
17. Prasad Lekhwar     Link|October 11, 2022 2:11:39 PM
How to pay online for right issued
17.1. John     Link|October 11, 2022 3:09:49 PM
Either through
1. https://rights.kfintech.com/suzlon/
or
2. Netbanking (bank that supports ASBA)

16. Mukund Onkar     Link|October 11, 2022 2:18:42 PM
Hi,

Can anyone send Registrar website address please????
15. No limit     Link|October 6, 2022 8:28:34 PM
i have 95 shares already in my demat on Record Date      Oct 4, 2022 and today i got 22 shares extra as of Entitlement of 5 shares each for 21 shares
15.1. Madhu     Link|October 11, 2022 1:43:41 PM
How you applied ? How you got same ?
14. Umadevi santosh bakare     Link|October 11, 2022 1:28:09 PM
Hi, how to apply right issue shares of suzlon in upstop
13. Rajeev     Link|October 11, 2022 1:19:40 PM
As per rights issue letter, I am entitled for 952 shares. I have been trying to apply online for right issues since morning but I am unable to find out any link. HDFC doesn't have 'IPO & Rights Issue" on Netbanking. The other option you have mentioned is to visit "registrar's website." What is that? Instead of such vague instructions, you should have given the direct link for online application. This is absolutely confusing.
12. N. RAGHU RAMA RAO     Link|October 7, 2022 9:06:06 AM
How to apply RI of Suzlon in Zerodha? It's not seen in Zerodha-Kite IPO section. When it will be seen? Or else we have to apply through bank. Please guide me.
12.1. Sanjeev     Link|October 11, 2022 12:36:08 PM
You need to apply through bank (Net banking) under investment option where you would find IPO/Rights issue button.
11. saurabh     Link|October 11, 2022 11:33:31 AM
online apply ka option nahi aa raha .any solution?
10. Deep     Link|October 10, 2022 2:39:20 PM
not able to apply online. only form download ho rha hai. wo kaise kare

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