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IPO Stock Quote & Charts

₹25.41

-0.79 (-3.02%)

Open

₹26.00

Day High - Low

₹26.50 - ₹25.30

Previous Close

₹26.20

Traded Value

1,628.00

No. of Trades

11

52 Weeks High

₹36.31 (Oct 15, 2025)

52 Weeks Low

₹22.65 (Jan 30, 2026)

Updated On: Sep 10, 2026

Record Date

Thu, Sep 3, 2026

Entitlement Ratio

1 : 1

Open Date

Tue, Sep 15, 2026

Listing At

Fri, Sep 25, 2026

  • Issue Size (Shares)
    1,14,65,520
  • Issue Price
    ₹20 per share
  • Terms of Payment
  • Issue Size (Amount)
    ₹22.93 Crores
  • Face Value
    ₹1 per share
  • Listing At
    BSE

Rights Issue Timetable

  • Last Date to buy shares
    Wed, Sep 2, 2026
  • Credit of Rights Entitlements
  • Renunciation of Rights Entitlements
    Mon, Sep 21, 2026
  • Deemed Date of Allotment
    Mon, Sep 28, 2026
  • Listing Date
    Tue, Sep 29, 2026
  • Record Date
    Thu, Sep 3, 2026
  • Bid/Offer Opens On
    Tue, Sep 15, 2026
  • Bid/Offer Closes On
    Fri, Sep 25, 2026
  • Credit Date
    Tue, Sep 29, 2026

Company Financials (Restated Standalone)

Salem Erode Investments Ltd.’s revenue decreased by 9% and profit after tax (PAT) dropped by 3% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025
Assets 32.36 36.44
Total Income 3.57 3.91
Profit After Tax -4.85 -4.72

About Salem Erode Investments Ltd.

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.

Objects of the Issue:

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities
    20.00
  • 2 General Corporate Purposes
    2.33
  • Total
    22.33

Company Contact Information

Salem Erode Investments Ltd.
Door No. 61/A8 (38/A8)
VJP Parijatham Apartments
1st Avenue, Ashok Nagar
Chennai, 600083

Rights Issue Registrar

Cameo Corporate Services Ltd.

  • 044-28460390/28460391/28460392
  • rights@cameoindia.com
  • Visit Website

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