Suzlon Energy Rights Issue 2022 Public Issue Price, Date, Allotment & Review (2024)

FAQs

Suzlon Energy Rights Issue 2022 Public Issue Price, Date, Allotment & Review? ›

The average one-year price target for Suzlon Energy (NSEI:SUZLON) has been revised to 52.02 / share. This is an increase of 72.88% from the prior estimate of 30.09 dated January 16, 2024.

The average one-year price target for Suzlon Energy (NSEI:SUZLON) has been revised to 52.02 / share. This is an increase of 72.88% from the prior estimate of 30.09 dated January 16, 2024.

The Suzlon Energy Rights issue size will be ₹1200 Crores. The entitlement ratio is 5:21, 5 rights share for every 21 fully-paid equity shares held on the record date.

What is the record date for Suzlon Energy Rights Issue 2022? The record date for the Suzlon Energy Rights Issue 2022 is October 4, 2022.

How to check your REs? Rights Entitlement Letter sent to the shareholders. On the website of Registrar (by keying in details like Folio Number/ DP ID-Client ID, PAN, etc.). Receipt of credit message from NSDL/ CDSL on credit of REs.

The investor can either check it on the Website of BSE or on the website of the Registrar appointed for the issue. Customer can visit the IPO Order book after logging in to their i-Direct account and check the “Shares Allotted” column to check the Allotment status.

"We expect Suzlon to deliver revenue, EBITDA and PAT CAGR of 42 per cent, 43 per cent and 176 per cent, respectively over FY23-26E," said the brokerage. To expedite wind energy additions, various policy initiatives have been taken viz.

Investors are showing interest in Suzlon due to its current profitability, with a projected Suzlon Share Price Target of ₹60.25 by 2025. Suzlon's target stock price is set at ₹60.25 for 2025, with a projected increase to ₹65.25 for further growth in the same year.

ICICI Securities has upgraded Suzlon Energy Ltd and Inox Wind Ltd shares to 'Buy' rating and said the recent dip in the stocks is a good buying opportunity, as the two firms have deleveraged balance sheets and significantly enhanced their order books in recent quarters.

The Eligible Equity Shareholders may renounce the Rights Entitlements, credited to their respective demat accounts by trading/selling them on the secondary market platform of the Stock Exchanges through a registered stock-broker in the same manner as the existing Equity Shares of our Company.

What is value of right per share? ›

With that information the value of the right can be calculated using the following formula: (Stock Price - Rights subscription price per share) / (Number of rights required to buy one share + 1)

What is the Suzlon Share Price Target in 2030? Suzlon NSE's Share Price in 2030 is predicted to remain between Rs 144 and Rs 123.

At present, the paid-up capital of the company is Rs 2718.85 crores divided into Rs 1357.58 crores fully paid-up equity shares having a face value of Rs 2 and Rs 3.68 crore partly paid-up equity shares having a face value of Rs 2.00 each with Re 1 each paid-up.

The record date for rights issue is the cut-off date as on which a company takes out a list of existing shareholders holding the stock of the company to determine the eligible shareholders for the rights issue. The right issue record date is announced well in advance by the company through the Letter of Offer.

In this rights issue, the offer is required to be made to the existing shareholders on pro-rata to their existing holdings. The shareholders who are offered may or may not subscribe to the same. They may subscribe partly or fully the offer.

The company may then issue partly paid shares along with a payment schedule that establishes when the shareholder must pay the balance. After the company receives the balance, the partially paid shares convert to fully paid shares.

PAYMENT MODES

You are requested to pay the First and Final Call Money immediately, using any of the following modes: 1. By net-banking / UPI through the R-WAP portal: https://rights.kfintech.com/callmoney. Kindly note that the interest amount is pre-computed when you make payment through the R-WAP portal.