Raymond Lifestyle shares list at Rs 3,000 on BSE in IPO-less debut after demerger

Raymond lifestyle shares list directly on the bourses,

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26 Aug, 2025 12:21

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Shares of Raymond Lifestyle (RLL), the demerged lifestyle business of Raymond Ltd got listed at Rs 3,000 per share on the BSE, in an IPO-less debut for the stock. On the NSE, the shares were listed at Rs 3,020 apiece. The lifestyle business of Raymond will house all apparel-related businesses of the group.

The group announced the demerger of its apparel business in last year in 2023, putting in place a strategy of three verticals of businesses – real estate, lifestyle and engineering.

The listing price was a premium over the base price of Rs 1,563 per share which was derived during a special trading session ahead of the listing.

However shortly after listing, the shares witnessed profit-taking and hit the lower circuit limit of 5 percent on both the NSE and BSE.

The market cap of the newly demerged company was at Rs 17,363.23 crore on the BSE, as on 5th September.

As part of its restructuring, Raymond separated its lifestyle business into a new company, offering four shares of Raymond Lifestyle for every five shares held in Raymond.

Motilal Oswal expects Raymond Lifestyle’s wedding business to generate revenue of Rs 350 crore by the financial year 2027, driven by a shift from the unorganised to the organised sector, with 114 stores catering to both occasion and ethnic wear.

Shares of the parent company Raymond Ltd dropped nearly 3 percent in today's trading session. At around 10.30 am, the stocks were trading at Rs 2,019.20 per share on the NSE, down 2.86 percent.

In an exclusive conversation with Moneycontrol, Gautam Singhania, chairman and managing director of Raymond said that the real estate vertical is expected to list next year. Singhania also confirmed that the group has lined up plans for expansion of its clothing business

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