Emkay Taps and Cutting Tools Limited is an SME company engaged in manufacturing HSS Taps and Cutting Tools. The company is doing an Offer for Sale (OFS) of 4,71,200 equity shares at ₹330 per share (face value ₹10) for listing on NSE EMERGE. This is the company's first public issue. The promoters (Ajayprakash Kanoria, Alka Kanoria and Ajayprakash Kanoria HUF) are selling 64,250, 1,24,910 and 2,32,040 shares respectively, while Nagpur Tools Private Limited is selling 50,000 shares. Post-issue, promoters will retain 73.46% of the company. The issue raised ₹1554.96 Crores (15.5496 Crores) with issue expenses estimated at ₹48 Lakhs. NAV per share pre-issue was ₹585.69 as of March 31, 2014, with a P/E ratio of 11.00x based on FY2014 EPS of ₹29.99.