Salem Erode Investments Rights Issue dates are not finalized.
Salem Erode Investments (SEIL) is a Chennai-based listed non-banking financial company (NBFC) with a legacy dating back to 1931. Originally incorporated as Salem Erode Electricity Distribution, the company transitioned from plantation-linked activities to a finance-focused business model over the decades.
At present, SEIL primarily operates as an investment and lending company, focusing on deploying capital across debt instruments, inter-corporate loans, and other financial assets. The company’s core objective is wealth preservation and steady income generation through prudent investment strategies. Its revenue model is largely driven by interest income and returns on investments, making asset quality and capital efficiency key performance indicators.
Promoters of Salem Erode Investments – ICL Fincorp Limited
Salem Erode Investments Rights Issue Details
| Salem Erode Investments Rights Issue Date | Coming soon |
| Salem Erode Investments Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 22.93 crore |
| Issue Entitlement | NA equity shares for every NA equity share held on the record date |
| Terms of Payment | Fully paid-up |
| Salem Erode Investments Rights Issue Record Date | Coming soon |
| Face Value | INR 1 per share |
| Listing On | BSE |
Salem Erode Investments Rights Issue Calculation
| Salem Erode Investments Rights Issue Price | Coming soon |
| Market Price on Rights Issue Approval | INR 31 per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | Coming soon |
Salem Erode Investments Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 4.03 | 4.14 | 3.90 |
| Expenses | 2.11 | 3.44 | 4.90 |
| Operating Margin (%) | 8.19 | (21.98) | (86.41) |
| Net Income | (0.10) | (1.82) | (4.72) |
| ROE (%) | (0.39) | (7.28) | (21.72) |
Salem Erode Investments Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment capital base and fulfil fund requirements for increasing the company’s operational scale with respect to its NBFC activities – INR 20 crore
- General corporate purposes – INR 2.33 crore
Salem Erode Investments Rights Offer Documents
Salem Erode Investments Rights Issue Dates
| Rights Issue Approval Date | 24 March 2026 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Salem Erode Investments Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com
SALEM ERODE INVESTMENTS LIMITED
Door No. 61/A8 (38/A8), VJP Parijatham Apartments,
1st Avenue, Ashok Nagar,
Chennai – 600083, Tamil Nadu, India
Telephone: +91 022 46043970
Email: [email protected]
Website: www.salemerode.com
Salem Erode Investments Rights Offer FAQs
What is the Salem Erode Investments Rights Issue Price?
The issue price is INR NA per share.
What is the Salem Erode Investments Rights Issue entitlement ratio?
The eligible shareholders are offered NA Equity Shares for every NA Equity Shares held on the record date.
What is the Salem Erode Investments Rights Issue Record Date?
The Record date is coming soon.
How to Apply in Salem Erode Investments Rights Offer?
The best way to apply in Salem Erode Investments Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
