Emerald Leisures Rights Issue Date, Price, Allotment, Entitlement

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Last updated on September 24, 2024

Emerald Leisures Rights Issue

Emerald Leisures Rights Issue is scheduled on 17 – 30 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.

Emerald Leisures Rights Issue Record Date

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 Date17 – 30 September 2024
Emerald Leisures Rights Issue PriceINR 12.5 per share
Issue Size (in Shares)1,00,12,400 shares
Issue Size (in INR)INR 12.52 crore
Issue Entitlement2 equity shares for every 1 equity shares held on record date
Terms of PaymentFully payable at the time of application
Emerald Leisures Rights Issue Record Date10 September 2024
Face ValueINR 5 per share
Listing OnBSE

Emerald Leisures Rights Issue Calculation

Emerald Leisures Rights Issue PriceINR 12.5 per share
Market Price on Rights Issue ApprovalINR 99.2 per share
Dilution Factor (X)3
Fair Value After Dilution at Prevailing PriceINR 41.40 per share

Emerald Leisures Financial Performance

 FY 2022FY 2023FY 2024
Revenue8.5714.7516.0
Expenses15.0621.7610.0
Operating Margin (%)25.2940.4935.0
Net Income(9.69)(10.14)(9.73)
ROCE (%)(3.0)7.08.0
Figures in INR Crores unless specified otherwise

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 Date4 September 2024
Rights Issue Record Date10 September 2024
Credit of Rights Entitlement12 September 2024
Rights Issue Opening Date17 September 2024
Last Date for Market Renunciation18 September 2024
Rights Issue Closing Date30 September 2024
Finalization of Basis of Allotment1 October 2024
Rights Allotment Date3 October 2024
Credit Date 9 October 2024
Listing Date11 October 2024

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 Issue Contact Details

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.

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