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About Eraaya Lifespaces Ltd
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Eraaya Lifespaces Limited was formerly incorporated as Tobu Enterprises Limited in February, 1967. The Company name was changed from Tobu Enterprises Limited to Justride Enterprises Limited in 2016-17 and further to Eraaya Lifespaces Limited in 2023. Earlier, the Company engaged in the business of trading in Tricycles and Plastic Items. At present, it is engaged in the business of marketing services and support services, business of trading in securities and shares and the Hospitality business. The production activities at Bhiwadi factory were stopped effective on December 31, 1996 and even the production in Delhi unit also declined because of increasing financial constraints. In 2021-22, the Company entered into the Share Purchase Agreement with M/s Just Right Life Limited (Formerly Known as Stepping Stone Constructions Private Limited) and Ms. Sukriti Garg. Accordingly, with M/s Just Right Life Limited and Ms. Sukriti Garg through Open Offer process acquired upto 3,83,022 Fully Paid-Up Equity Shares of Face Value of Rs. 10/- of the Company. As a result, the management or control of the Company got changed and M/s Just Right Life Limited and Ms. Sukriti Garg became the Promoters and Promoter Group of the Company. In 2022-23, the Company entered again through Share Purchase Agreement dated April 20,2022, with M/s Just Right Life Limited (Formerly Known as Stepping Stone Constructions Private Limited and Ms. Sukriti Garg and acquired 73.02% shares i.e. a total of 10,75,704 equity shares and voting rights in the Company. With the Open Offer process, they acquired 3,83,022 fully paid-up equity shares of face value of Rs. 10 each representing the 26% of the Voting Share Capital of the Company, which got completed on June 30, 2022. Pursuant to the Share Purchase Agreement, 5,00,000 equity shares were transferred in the name of Ms. Sukriti Garg and 5,75,704 equity shares transferred in the name of M/s Just Right Life Limited respectively. After successful completion of the Open Offer, management or control of the Company was changed and Justride Enterprises Limited and Ms. Sukriti Garg became the Promoters and Promoter Group of the Company in 2023. The Company ventured into the business of hospitality along with existing line of business of the Company in FY2023-24. The Company acquired Ebix Inc., a U.S.-based multinational provider of on-demand software and e-commerce services to the insurance, financial, healthcare, and e-learning industries along with its global subsidiaries on August 30, 2024 in FY 2024-25.
Eraaya Lifespaces share price as on 17 Dec 2025 is Rs. 28.82. Over the past 6 months, the Eraaya Lifespaces share price has decreased by 31.88% and in the last one year, it has decreased by 81.74%. The 52-week low for Eraaya Lifespaces share price was Rs. 19.75 and 52-week high was Rs. 159.
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Sep
Eraaya Lifespaces Ltd FAQs
You can buy Eraaya Lifespaces Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Eraaya Lifespaces Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Dec 17, 2025 02:04 PM the closing price of Eraaya Lifespaces Ltd was Rs.28.82.
The latest PE ratio of Eraaya Lifespaces Ltd as of Dec 17, 2025 02:04 PM is -1.72
The latest PB ratio of Eraaya Lifespaces Ltd as of Dec 17, 2025 02:04 PM is -25.20
The 52-week high of Eraaya Lifespaces Ltd share price is Rs. 159.00 while the 52-week low is Rs. 19.75
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Dec 17, 2025 02:04 PM, the market cap of Eraaya Lifespaces Ltd stood at Rs. 549.58 Cr.
Market Outlook
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