Raymond Realty Shares Debut at Discount, Soar to Upper Circuit on NSE & BSE Post-Demerger
KhabriDose.com Business Desk: Raymond Realty Makes Eventful Stock Market Debut, Shares Surge to Upper Circuit After Initial Discount
Mumbai, India – July 1, 2025 – Raymond Realty, the demerged real estate arm of Raymond Limited, made its highly anticipated debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today, July 1, 2025. While the shares initially opened at a discount compared to their discovered price, they quickly rallied to hit the 5% upper circuit on both bourses, signaling robust investor confidence.
On the NSE, Raymond Realty shares listed at ₹1,000 apiece, marking approximately a 4% discount from its discovered price of ₹1,039.30. Similarly, on the BSE, the scrip opened at ₹1,005, slightly below its discovered price of ₹1,031.30. This initial dip, however, was swiftly overcome by strong buying interest.
Within minutes of debut, the stock surged, hitting its 5% upper circuit at ₹1,050 on the NSE and ₹1,055.20 on the BSE. This impressive recovery and subsequent locking at the upper circuit defied some expectations of sustained downward pressure given the initial opening.
The listing follows the successful demerger of Raymond Realty from its parent company, Raymond Limited, which became effective on May 1, 2025. As part of the demerger scheme, shareholders of Raymond Ltd received one fully paid-up equity share of Raymond Realty for every one share held in Raymond. This strategic move aims to unlock greater value for shareholders by creating a focused, pure-play real estate entity.
Ahead of its listing, Raymond Realty strengthened its leadership, appointing Gautam Hari Singhania as Chairman and elevating Harmohan Sahni to Managing Director and CEO. The company has ambitious plans, targeting a 30% increase in sales bookings this fiscal year to ₹3,000 crore. It also intends to launch six residential projects in the Mumbai Metropolitan Region (MMR) with an estimated revenue potential of approximately ₹14,000 crore.
Analysts had provided varied listing price expectations, with some projecting a range between ₹897 to ₹1,430, underscoring the market’s initial uncertainty about its precise valuation post-demerger. However, the strong performance on debut suggests a positive reception from investors keen on the company’s real estate prospects in India’s booming property market.
This demerger marks the second major restructuring for the Raymond Group, following the spin-off and listing of Raymond Lifestyle in 2024. The group now operates through three distinct verticals: lifestyle, real estate, and engineering, as it continues its “Raymond 2.0” transformation journey.
The debut of Raymond Realty will be closely watched by the market as it embarks on its independent journey, aiming to capitalize on its significant land bank and asset-light development model.
