Emerald Leisures Rights Issue will open for subscription from 17 September 2024. the company aims for an issue size of ₹12.52 Crores through this rights Issue.
About the company
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.
Objectives of the Issue
- To repay, in full or in part, identified secured and unsecured loans availed by the Company, and
- General Corporate Purposes.
Emerald Leisures Rights Issue Timetable
| Rights Issue Approval Date | 4 September 2024 |
| Rights Issue Record Date | 10 September 2024 |
| Credit of Rights Entitlement | 12 September 2024 |
| Rights Issue Opening Date | 17 September 2024 |
| Last Date for Market Renunciation | 18 September 2024 |
| Rights Issue Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | 1 October 2024 |
| Rights Allotment Date | 3 October 2024 |
| Credit Date | 9 October 2024 |
| Listing Date | 11 October 2024 |
Emerald Leisures Rights Issue Details
l
| Issue Open | September 17, 2024 – September 30, 2024 |
| Security Name | Emerald Leisures Ltd |
| Issue Size (Shares) | 10,012,400 |
| Issue Size (Amount) | ₹12.52 Crores |
| Issue Price | ₹12.5 per share |
| Face Value | ₹5 per share |
| Listing At | BSE |
| Terms of Payment | All Money payable at the time of Application |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
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 |
Company Financials
| 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 |
Rights Issue Documents
- Emerald Leisures Rights Issue Application Form
- Emerald Leisures Letter of Offer
- Board Meeting Outcome
Lead Manager(s)
Emerald Leisures 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: newissue@purvashare.com
Website: www.purvashare.com
Company Contact Information
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: companysecretary@clubemerald.in
Website: www.clubemerald.in
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
