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Emerald Leisures Ltd Rights Issue (Emerald Leisures Rights Issue 2024) Detail

September 17, 2024 - September 30, 2024
Emerald Leisures Ltd Logo

Emerald Leisures Limited, formerly known as The Apte Amalgamation Limited, was incorporated in March 1933 and offers premium lifestyle club services with sports, leisure and dining facilities in Mumbai under the club name "Club Emerald".

The club is a modern facility with an advanced design and a new indoor sports complex that meets international standards. It is located in Chembur, a key emerging area in Mumbai. The company offers club members various sports facilities such as badminton, table tennis, squash, snooker/billiards and other indoor and outdoor games along with additional access and benefits related to a gym, library, spa and beauty salon, multi-cuisine restaurants and bar, swimming pool and well-designed rooms on a fee basis.

As of March 31, 2024, the company had 672 club members. Emerald Leisures has 78 partnerships with other clubs and resorts (as at March 31, 2024).

As at March 31, 2024, Emerald Leisures had 34 permanent employees and 24 contract employees/staff.

Emerald Leisures Rights Issue 2024 Detail

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 2024 Issue Timetable

Last Date to buy sharesSeptember 9, 2024
Record Date September 10, 2024
Credit of Rights Entitlements September 12, 2024
Bid/Offer Opens On September 17, 2024
Renunciation of Rights Entitlements September 18, 2024
Bid/Offer Closes On September 30, 2024
Deemed Date of Allotment October 3, 2024
Credit Date October 9, 2024
Listing Date October 11, 2024

Company Financials

Emerald Leisures Ltd Financial Information (Restated)

Emerald Leisures Ltd's revenue increased by 11% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets67.6470.2873.94
Revenue16.5914.898.72
Profit After Tax-9.73-10.14-12.31
Net Worth-982.37-1,056.51-959.2
Reserves and Surplus-79.49-69.79-59.66
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:

  1. To repay, in full or in part, identified secured and unsecured loans availed by the Company, and
  2. General Corporate Purposes.

Emerald Leisures Rights Issue 2024 Subscription Status

Emerald Leisures Rights Issue 2024 is subscribed 1.6 times as on September 26, 2024 5:00:00 PM. The total bid quantity received by BSE is 16,025,626 shares.

Emerald Leisures Rights Issue 2024 Documents

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Company Contact Information

Emerald Leisures Ltd
CLUB EMERALD SPORTS COMPLEX PLOT NO. 366/15,
SWASTIK PARK, NEAR MANGAL ANAND HOSPITAL,
CHEMBUR, MUMBAI - 400071

Phone: 91222526580
Email: companysecretary@clubemerald.in
Website: https://corporate.clubemerald.in/

Emerald Leisures Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: newissue@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Emerald Leisures Rights Issue 2024 Lead Manager(s)

Emerald Leisures Rights Issue 2024 FAQs

The Emerald Leisures Rights Issue 2024 opens on September 17, 2024, and closes on September 30, 2024.

Emerald Leisures Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 12, 2024
Last Date for renunciation of Rights EntitlementsSeptember 18, 2024
Issue Opening DateSeptember 17, 2024
Issue Closing DateSeptember 30, 2024
Date of Allotment (on or about)October 3, 2024
Date of Credit (on or about)October 9, 2024
Date of Listing (on or about)October 11, 2024

Emerald Leisures Rights Issue 2024 price is set at ₹12.5 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (September 10, 2024).

The record date for the Emerald Leisures Rights Issue 2024 is September 10, 2024.

The issue size of Emerald Leisures Rights Issue 2024 is of 10,012,400 equity shares at ₹12.5 per share aggregating upto ₹12.52 Crores.

The Letter of Offer for Emerald Leisures Rights Issue 2024 can be download here.

You can apply for Emerald Leisures Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Emerald Leisures Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Emerald Leisures Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Emerald Leisures Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Emerald Leisures Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Emerald Leisures Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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