Emerald Leisures Rights Issue: Key Details Discussed Here

1. Emerald Leisures Rights Issue Bid/offer opens from Sept 17, 2024 till Sept 24 2024
2. The company issued a total of 1.01 crore Equity shares amounting to Rs 12.52 crore
3. The company set the rights issue price at Rs 12.5 per share

Emerald Leisures Limited came up with the rights issue. The company issued a total of 10,012,400 Equity shares with a decided issue price of Rs 12.5 per share, a total amounting to Rs 12.52 Crores. Meanwhile, the face value is reported as Rs 5 per share. Investors who currently do not hold shares of Emerald Leisures Limited have the opportunity to purchase shares until Sept 9, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is Sept 10, 2024. However, Purva Sharegistry India Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 2 Rights Equity Share(s) is used for every 1 fully paid-up Equity Shares held on Record Date.

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About Emerald Leisures Limited

Emerald Leisures Limited, originally incorporated as The Apte Amalgamation Limited in March 1933, offers premium lifestyle club services with a focus on sports, leisure, and dining in Mumbai, operating under the name "Club Emerald." The club features a modern, internationally designed indoor sports complex located in Chembur, a rapidly developing area of Mumbai.

Club Emerald provides members with a wide range of sports facilities, including badminton, table tennis, squash, snooker/billiards, and other indoor and outdoor activities. In addition, members enjoy access to a gym, library, spa and beauty salon, multi-cuisine restaurants, a bar, a swimming pool, and well-appointed rooms on a fee basis. As of March 31, 2024, the club had 672 members and had established 78 partnerships with other clubs and resorts. The company employed 34 permanent and 24 contract staff as of the same date.

Financial Performance of Emerald Leisures Limited (Amt in Rs Crore)

The company's revenue was reported to be Rs 16.59 Crore for the year ended March 2024, which shows an increase of 11% as compared to March 2023. The profit after tax increased by 4% for the year ended 2024 compared to March 2023.

Important Dates for Emerald Leisures Rights Issue

Timetable of Emerald Leisures Rights Isue

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not disclosed their lead manager for the rights issue. However, Purva Sharegistry India Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. Emerald Leisures released a Letter of Offer. To read it in detail, click here.

FAQs

1. What are the important dates for Emerald Leisures's rights issue?

The important dates include the opening & closing dates of the rights issue: Sept 17, 2024, and Sept 24, 2024, respectively.

2. What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Emerald Leisures Limited, an investor can buy its shares till Sept 09, 2024.

3. What is the record date for the Emerald Leisures Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is Sept 10, 2024.

4. How can I apply for the Emerald Leisures Limited Rights Issue?

You can apply for Emerald Leisures Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

5. How can I check the allotment status of the Emerald Leisures Issue?

The registrar for this rights issue is Purva Sharegistry India Private Limited. You can check your allotment status here.

6. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7. Where will the Emerald Leisures Rights Issue be listed?

The Rights Issue will be listed on the BSE.

8. What is the entitlement ratio for the Emerald Leisures Limited Rights Issue?

The entitlement ratio is set at 2 Rights Equity Share (s) for every 1 fully paid-up equity share (s) held on the record date.

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