Raymond Realty Makes Strong Debut, Hits Upper Circuit on Listing Day
MUMBAI, India – July 1, 2025 – Raymond Realty Limited, the demerged real estate arm of Raymond Limited, made a robust debut on the Indian stock exchanges today, with its shares listing and quickly hitting the 5% upper circuit. This strong performance reflects positive investor sentiment and bullish forecasts following the company’s strategic restructuring.
On the Bombay Stock Exchange (BSE), Raymond Realty shares opened at ₹1,005 apiece, slightly below its discovered price of ₹1,031.30. However, the stock swiftly gained momentum, surging to an intraday high of ₹1,055.20, thereby hitting its 5% upper price band. Similarly, on the National Stock Exchange (NSE), the shares listed at ₹1,000, a marginal dip from its discovered price of ₹1,039.30, but soon climbed to its 5% upper circuit of ₹1,050.
The demerger of Raymond Realty from its parent company, Raymond Ltd., became effective on May 1, 2025. As part of the demerger scheme, shareholders of Raymond Ltd. received one share of Raymond Realty for every share held in the parent company (a 1:1 ratio). This move aims to unlock value by creating a focused entity solely dedicated to the real estate business.
Ahead of the listing, Raymond Realty bolstered its leadership, with Gautam Singhania appointed as Chairman and Harmohan Sahni elevated to Managing Director and CEO, signaling a clear strategic direction for the independent entity.
The company has ambitious plans, targeting ₹3,000 crore in sales bookings for FY26, representing a 30% year-on-year growth. Raymond Realty’s current portfolio includes significant development projects in the Mumbai Metropolitan Region (MMR), with a potential revenue generation of ₹14,000 crore.
Brokerages had expressed optimism regarding Raymond Realty’s listing prospects, with some estimating the listing price to range between ₹897 and ₹1,430 per share, based on various valuation multiples. The strong debut today appears to align with the higher end of these expectations, indicating significant investor confidence in the company’s future in India’s competitive real estate market.
Meanwhile, Raymond Ltd. (the parent company) also saw a positive movement, with its share price rising more than 8% during morning trades on Tuesday, ahead of the Raymond Realty listing. This indicates that the demerger is being viewed favorably by the market, potentially unlocking value for shareholders of the broader Raymond Group.