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Salem Erode Investments Ltd Right Issue

₹22.93 Cr BSE 15 Sep 2026 – 25 Sep 2026

Closed Ratio: 1 : 1 BSE
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Issue Price
₹20.00
Face Value
₹1.00
Issue Size (Shares)
11,465,520
Issue Size (₹ Cr.)
₹22.93
Current Market Price
📅 Right Issue Timetable
Last Date to Buy SharesWed, Sep 2, 2026
Record DateThu, Sep 3, 2026
Credit of Rights Entitlements—
Bid/Offer Opens OnTue, Sep 15, 2026
Issue Open DateTue, Sep 15, 2026
Renunciation Last DateMon, Sep 21, 2026
Bid/Offer Closes OnFri, Sep 25, 2026
Issue Close DateFri, Sep 25, 2026
Deemed Date of AllotmentMon, Sep 28, 2026
Credit DateTue, Sep 29, 2026
Listing DateTue, Sep 29, 2026
📋 Right Issue Details
Issue Size (Shares)11,465,520
Issue Size (Amount)₹22.93 Cr.
Issue Price₹20.00 per share
Face Value₹1.00 per share
Entitlement Ratio1 : 1
Listing AtBSE
Terms of Payment—
📊 Company Financials (Restated)
Period Ended2026-03-312025-03-31FY I
Income3.573.91—
EBITDA———
Net Worth———
Reserves & Surplus———

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Crores)
1To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities₹20.00
2General Corporate Purposes₹2.33
Total₹22.33
🏢 About the Company
Incorporated in May 1931, Salem Erode Investments Limited is a financial services company engaged in providing lending and financing solutions to its customers. The Company was originally incorporated as Salem Erode Electricity Distribution Limited and subsequently underwent name changes before becoming Salem Erode Investments Limited in 1992.

The Company operates primarily in the financial services sector, with its business historically focused on gold loans and other lending activities. Its financing operations are supported by a customer-centric approach aimed at providing financial assistance and addressing the borrowing requirements of individuals.

Salem Erode Investments Limited is led by an experienced management team and follows corporate governance and regulatory frameworks applicable to its operations. The Company also focuses on operational efficiency, customer service, expansion into new markets and the development of its financial services business.

Competitive Strengths

Experience in gold loan and financing operations.
Long operating history spanning several decades.
Customer-focused approach to financial assistance.
Focus on operational efficiency and business expansion.
Established presence in the financial services and lending sector.
Professional management and corporate governance framework.
📞 Company Contact
CompanySalem Erode Investments Ltd
AddressDoor No. 61/A8 (38/A8)
VJP Parijatham Apartments
1st Avenue, Ashok Nagar
Chennai, 600083
Phone04446053887
Emailcs@salemerode.com
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd.
Phone044-28460390/28460391/28460392
Emailrights@cameoindia.com
WebsiteVisit ↗
📊 Subscription Status
Day Total Shares Bid Subscription (Times) Updated At
5,385,005 0.47x 24 Sep 2026, 03:50 PM
Day 1 5,220,331 0.46x 01 Oct 2026, 11:05 PM
Day 2 5,266,635 0.46x 01 Oct 2026, 11:05 PM
Day 3 5,271,399 0.46x 01 Oct 2026, 11:05 PM
Day 4 5,289,557 0.46x 01 Oct 2026, 11:05 PM
Day 5 5,365,304 0.47x 01 Oct 2026, 11:05 PM
Day 6 5,369,532 0.47x 01 Oct 2026, 11:05 PM
Day 7 5,387,507 0.47x 01 Oct 2026, 11:05 PM
Day 8 5,491,569 0.48x 01 Oct 2026, 11:05 PM
Day 9 5,522,861 0.48x 01 Oct 2026, 11:05 PM
Day 10 5,606,969 0.49x 01 Oct 2026, 11:05 PM
Day 11 5,908,038 0.52x 01 Oct 2026, 11:05 PM
Day 12 9,329,914 0.81x 01 Oct 2026, 11:05 PM
Day 13 11,786,899 1.03x 01 Oct 2026, 11:05 PM
Latest (Day 13) 11,786,899 1.03x 01 Oct 2026