Emerald Leisures Rights Issue is scheduled on 17 – 24 September 2024
Emerald Leisures is a comprehensive hospitality company offering club services, banquet halls, and accommodation. The company operates its facility under the name ‘Club Emerald,’ which spans approximately 5,977 square meters of land.
Emerald Leisures offers a variety of sports facilities to its Club members, including badminton, table tennis, squash, snooker/billiards, and other indoor and outdoor games. Members also enjoy access to a gym, library, spa, beauty salon, multi-cuisine restaurants, a bar, a swimming pool, and well-designed rooms, all available on a fee-based arrangement. As of 31 March 2024, the company had 672 club members and held 78 affiliations with other clubs and resorts.
Promoters of Emerald Leisures – Jaydeep Vinod Mehta, Nikhil Vinod Mehta, Jashwant Bhaichand Mehta, and Chetan Jashwant Mehta
Emerald Leisures Rights Issue Details
| Emerald Leisures Rights Issue Date | 17 – 24 September 2024 |
| Emerald Leisures Rights Issue Price | INR 12.5 per share |
| Issue Size (in Shares) | 1,00,12,400 shares |
| Issue Size (in INR) | INR 12.52 crore |
| Issue Entitlement | 2 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Emerald Leisures Rights Issue Record Date | 10 September 2024 |
| Face Value | INR 5 per share |
| Listing On | BSE |
Emerald Leisures Rights Issue Calculation
| Emerald Leisures Rights Issue Price | INR 12.5 per share |
| Market Price on Rights Issue Approval | INR 99.2 per share |
| Dilution Factor (X) | 3 |
| Fair Value After Dilution at Prevailing Price | INR 41.40 per share |
Emerald Leisures Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 8.57 | 14.75 | 16.0 |
| Expenses | 15.06 | 21.76 | 10.0 |
| Operating Margin (%) | 25.29 | 40.49 | 35.0 |
| Net Income | (9.69) | (10.14) | (9.73) |
| ROCE (%) | (3.0) | 7.0 | 8.0 |
Emerald Leisures Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objectives
- To repay, in full or in part, identified secured and unsecured loans availed by the company
- General corporate purposes
Emerald Leisures Rights Offer Documents
Emerald Leisures Rights Issue Dates
| Rights Issue Approval Date | 4 September 2024 |
| Rights Issue Record Date | 10 September 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 17 September 2024 |
| Last Date for Market Renunciation | 18 September 2024 |
| Rights Issue Closing Date | 24 September 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Emerald Leisures Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132/ 31998810
Email: [email protected]
Website: www.purvashare.com
EMERALD LEISURES LIMITED
Club Emerald Sports Complex, Plot No. 366/15,
Swastik Park, Near Mangal Anand Hospital,
Chembur, Mumbai, Maharashtra – 400 071
Phone: +022 25277504
E-mail: [email protected]
Website: www.clubemerald.in
Emerald Leisures Rights Offer FAQs
What is the Emerald Leisures Rights Issue Price?
The issue price is INR 12.5 per share.
What is the Emerald Leisures Rights Issue entitlement ratio?
The eligible shareholders are offered 2 Equity Shares for every 1 Equity Shares held on the record date.
What is the Emerald Leisures Rights Issue Record Date?
The Record date is 10 September 2024.
How to Apply in Emerald Leisures Rights Offer?
The best way to apply in Emerald Leisures 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.
