Raymond Realty listing: Shares debut at ₹1,000 on NSE against discovered price of ₹1,039.30

The stock on the NSE debuted at ₹1,000 against the discovered price of ₹1,039.30. Moreover, the scrip witnessed further pressure after listing. Last seen, shares were trading at ₹985 apiece on the NSE.

On the BSE, the stock made its debut at ₹1,005, down 2.55% against the discovered price of ₹1,031.30. Last seen, the scrip stood at ₹990.

Recently, Raymond Realty said it would launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about ₹14,000 crore as the company looks to expand the property business amid strong demand.

The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.

The company's CEO Harmohan Sahni, in an interview with PTI, highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR).

"In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said.

Asked about the pipeline for the current fiscal year, Sahni said the company will launch six projects in MMR this fiscal year with sales bookings potential of around ₹14,000 crore.

The company will offer housing units in a price range of ₹2 crore to ₹20 crore in the upcoming projects.

Sahni said the company is focusing a lot on quality and timely completion of projects.

Since its inception, Raymond Realty has completed two housing projects, while six projects are under construction.

Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth ₹2,314 crore last fiscal as against ₹2,268 crore in the preceding year.

Raymond Realty's revenue rose 45% to ₹2,313 crore in 2024-25 from ₹1,593 crore in the preceding year.

Sahni said the company is exploring acquiring more land parcels in MMR under joint development agreements (JDAs) with landowners. It also wants to enter the Pune residential market under the JDA model.

Raymond Realty: Reason behind demerging realty ventures

Explaining its rationale, Raymond Ltd said it seeks to reorganise the real estate business carried on by itself and through its subsidiaries.

To exploit the growth potential of the real estate business and attract a fresh set of investors/strategic partners to participate in the real estate business, it is proposed to consolidate the entire real estate business of the group under one single entity, the company said.

"Therefore, it is proposed to demerge the Real Estate Business Undertaking of Raymond Limited into Raymond Realty Limited, thereby unlocking the value of the real estate business of Raymond Limited as a whole," the company said.

Raymond 2.0

Raymond Group’s chairman and managing director, Gautam Hari Singhania, on Monday, June 30, unveiled “Raymond 2.0”, a strategy to align the company into a modern, purpose-led enterprise aligned with India’s transformation.

Singhania, in a letter to shareholders, said that the occasion was marked with a key milestone, the listing of Raymond Realty, its demerged realty arm.

“Thanks to the support of our stakeholders, Raymond Group’s journey over the past few years has been remarkable. Through achieving our net debt-free status, divestments of our FMCG business, the demerger and listing of our lifestyle business, and the scaling of our real estate operations, along with the acquisition and consolidation of our engineering capabilities, we continue to unlock shareholder value at every step,” Singhania said.