Tailor-Made for the Market? Raymond Realty’s Bold Debut Begins at Dalal Street

Image Source: Equity Master

Raymond Realty Ltd, the group's demerged real estate division of Raymond Ltd, is set to join the stock markets tomorrow, July 1, as part of the group's restructuring exercise. Listing will make investors directly accessible to the company's expanding realty business, particularly in the Mumbai Metropolitan Region (MMR).

What's Creating the Frenzy?

Demerger Details: Raymond Realty was demerged from Raymond Ltd on May 1, 2025, based on a 1:1 share allotment ratio—one Raymond Ltd share for every one Raymond Realty share.

Listing Price Expectations:

SBI Securities expects listing price at ₹897–₹1,430
Ventura Securities estimates it at ₹1,383 per share

Business Outlook & Expansion Plans

FY25 Performance:

Revenue: ₹2,313 crore (up 45% YoY)
EBITDA: ₹507 crore (up 37% YoY)

FY26 Target:

₹3,000 crore in pre-sales
Launch of six MMR residential developments with revenue potential of ₹14,000 crore
Estimated Gross Development Value (GDV): ₹40,000 crore

Leadership & Governance

Chairman: Gautam Hari Singhania
MD & CEO: Harmohan Sahni
New Board Appointments: Four independent directors and Gautam Trivedi as non-executive director4

Shareholding Snapshot