Raymond Lifestyle Listing after demerger of retail and lifestyle business from flagship

Raymond Group's new share Raymond Lifestyle got listed in the market today on Thursday. Raymond Lifestyle's share got listed on BSE this morning at a price of Rs 3,000, while on NSE it started at Rs 3,020. This listing has happened after the recent demerger as part of the group's restructuring plan.

5 shares of the new company in exchange for 4 shares of Raymond

Raymond Group has started restructuring its companies and its business spread across various sectors, under which retail and lifestyle company Raymond Lifestyle was demerged from Raymond Limited. After that Raymond Lifestyle has become a standalone company of the Rs 9,286 crore Raymond Group. Under the restructuring plan, shareholders have received 5 shares of Raymond Lifestyle in exchange for every 4 shares of Raymond Limited.

The company had made several appointments in the past few days before listing in the market. It had appointed former HCL Technologies CEO Vineet Nayyar, former ICICI chairman GC Chaturvedi, Abbott board member Anisha Motwani and Raymond director Dinesh Lal as independent directors.

Such is the business of Raymond Lifestyle

According to brokerage firm Ventura Securities, Raymond Lifestyle's business is mainly in 4 verticals. Those 4 verticals are – wedding business, non-wedding branded business, garmenting and high value shirting business. The brokerage firm believes that the EBITDA margin is likely to double in all the four verticals of the company. The company has also planned to expand its business rapidly in the coming years. The company can open 900 outlets in the next 3 years.

2 new shares may be listed by 2025

It is being claimed in the news that under the restructuring plan, two new shares of Raymond Group can be listed in the stock market by the end of 2025. After such news, Raymond's flagship share Raymond Limited is registering a good rise in price. Today this stock has reached close to Rs 2,100 with a gain of about 1 percent. In the last 2 days itself, the price has increased by up to 8 percent.

Also read: Raymond's stock got wings due to one news, now BSE and NSE have sought clarification from the company