SALEM ERODE INVESTMENTS LTD

CLOSED

OFS · IPO Guide

Floor Price

₹28

Lot Size

1Shares

Min. Investment

₹28

Subscription

2.95x

Expert Rating

Avoid

Salem Erode Investments Limited, is a company of Finance Sector. Company has shown zigzag results and also posted losses in FY20. Current share price is around Rs 1.89 and OFS price Rs 28. So, we give AVOID rating for this OFS.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
H1 FY21	0.58	0.05	0.39
FY20	1.21	1.26	(0.12)
FY19	0.44	0.19	0.73
FY18	0.24	0.13	0.10
FY17	0.45	0.34	0.16

Start Date	Feb 15, 2021
Close Date	Feb 16, 2021
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 1/- Per Equity Share
Floor Price	Rs 28/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 28/-
Retail Clearing Price	Rs [ . ]/-
Selling Member	Choice Equity Broking Ltd
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

SALEM ERODE INVESTMENTS LTD

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