Suzlon Rights Issue Review by suzlon Rights issue
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    Oversubscription: The rights issue is oversubscribed by 1.8 times on the last day of the issue.

    About Suzlon Energy ltd

    Suzlon Group is among the world’s leading renewable energy solutions provider that is revolutionising and redefining the way sustainable energy sources are harnessed across the world. Presence in 17 countries across Asia, Australia, Europe, Africa and the Americas, Suzlon is powering a greener tomorrow with its strong competencies in renewable energy systems. Suzlon’s extensive range of robust and reliable products backed by its cutting-edge R&D and more than two decades of expertise are designed to ensure optimum performance, higher yields and maximum return on investment for the customers.
    Since its inception in 1995, Suzlon has rapidly expanded its footprint across the world and made a mark for itself through technological and product innovation. Suzlon is a pioneer in the field of wind energy and is currently presence in 17 countries. With over 12,380 wind turbines installed across six continents and 14 world class manufacturing facilities in India, Suzlon wind energy solutions have become the byword for innovation and competitive advantage.

    Suzlon Rights Issue 2022 Details

    Issue Open Oct 11, 2022 – Oct 20, 2022
    Security Name Suzlon Energy Ltd
    Issue Size (Shares) 2,400,000,000
    Issue Size (Amount) Rs. 1,200.00 Crores
    Issue Price Rs. 5 per share
    Face Value Rs. 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 Rights Issue 2022 Timetable

    Record Date 04-Oct-22
    Credit of Rights Entitlements 10-Oct-22
    Bid/Offer Opens On 11-Oct-22
    Renunciation of Rights Entitlements 14-Oct-22
    Bid/Offer Closes On 20-Oct-22
    Deemed Date of Allotment 31-Oct-22
    Credit Date 01-Nov-22
    Listing Date 03-Nov-22

    Objects of The Suzlon Rights Issue:

    The proposed utilization of the Net Proceeds by the Company is for Repayment or pre-payment of a portion of certain outstanding borrowings availed by the Company and its Subsidiaries.

    Snapshot of Suzlon financials

    Period Ended Total Revenue Profit After Tax
    31-Mar-21 3365.59 100.34
    31-Mar-22 6603.97 -166.19
    Amount in Rs. Crore

    Company Contact Information
    Suzlon Energy Ltd
    Suzlon House,
    5 Shrimali Society, Navrangpura,
    Ahmedabad 380009
    Email: [email protected]

    Suzlon Energy Rights Issue 2022 Lead Manager
    Inga Ventures Pvt Ltd

    Suzlon Energy Rights Issue 2022 Registrar
    KFin Technologies Limited
    Email: [email protected]

    Suzlon Rights Issue 2022 Guidance by Paresh Gordhandas, Research Analyst
    As compared to current price of Rs. 9.25, the rights shares are being offered at Rs. 5. After incurring huge losses, during last few years, the company has endeavored to reduce loan burden and out of the proceeds of the rights issue, Rs. 900 is proposed to be utilized for repayment of loans. This will help the company to reduce interest burden and help in improving its working capital. Renewable energy sector has huge potential and now after ease in working capital, the company proposes to take on more orders and there are all chances of sharp recovery in the financials of the company. Yes, the rights issue comes with huge risks, and yet the investors may take chance and there are all possibilities that the company may come out of financial mess and show strong rise in its market price.

    17 Comments on “Suzlon Rights issue 2022, 1.8T oversubscribed

    1. P SESHAN

      I purchased 1071 shares of SUZRE1 as I was entitleed for these Right Issue shares os SUZLON ENERGY.

      To my surprise I was alloted 220 + 100 shares as rights issue shares.
      Now I am unable to understand about this SUZRE1 shares and its fate.
      Am I to loose that amount?

    2. Harish

      Adani gave order of 48 mw plant. Who knows couple of such orders and fortune of company and investor may turn bright…

    3. Suresh Bangar

      As fear of all energy resources will finished after some time,the renowable is only never end only matter is how efficiently use& will happened in due course of time.The Government is promoting such source to endover customer . Keeping in to mind this my own view is share price will touch to all time high in next 5 year.

    4. Dr. J.M.Pandya

      Suzlon is already active in the production of Solar Power. Solar Power production and Transmission of power businesses are more lucrative than wind power production. Suzlon has the knowledge, Technology and trained man power for this. Therefore, it should consider expanding in this direction too. Albeit, finances can be the biggest limitation. Can do so in near future, may be !

    5. Dinesh Sampat

      After successful Right issue company’s financial position will improve. Ratios will improve and long term is really good. Investors will gain.

    6. Dilip p

      I’m exiting share holder and i have taken re issue shares also, can I have to apply the form or the share will allot.

    7. Surendran C

      Unfortunately the eligible right issue shares (1190) could not be able applied due server down at Ottapalam Sbi. Any favourable action in this regard taken from Suzlon directors.

    8. Ashwin Trivedi

      New energy sources is the demand of time and future of economy by Alvin Tofler, this is the best investment opportunity subsequent to FMCG


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