Raymond Realty Set for Early July Listing Amid Corporate Restructuring
Raymond Realty, a subsidiary of the Raymond Group, is on track to list in early July. The listing aims to streamline the group's corporate structure and comes as the third publicly traded entity under the conglomerate.
Raymond RealtyGautam SinghaniaRaymondCorporate RestructuringStock MarketReal EstateJun 11, 2025
The listing will make Raymond Realty the third publicly traded entity under the Raymond Group, following Raymond Lifestyle, which houses the suits and shirts business. This move is part of the group's broader strategy to reorganize its corporate structure and enhance transparency.
“The exact date (for the listing) is not confirmed yet, but it should be early July,” Gautam Singhania, chairman and managing director of the group, said in an interview, without elaborating. Each shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said previously.
Raymond approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate business. The stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share price.
After adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June 2024. Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026.
The business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees. This robust performance underscores the potential of Raymond Realty in the Indian real estate market and the group's strategic vision.
Frequently Asked Questions
When is Raymond Realty expected to list?
Raymond Realty is expected to list in early July, though the exact date has not been confirmed yet.
What is the significance of Raymond Realty's listing?
The listing is significant as it is part of the Raymond Group's strategy to streamline its corporate structure and enhance transparency. It will also be the third publicly traded entity under the group.
How will the shares be distributed among Raymond shareholders?
Each shareholder will receive one share of Raymond Realty for every share held in Raymond.
What was the impact of the demerger on Raymond's stock price?
The stock price of Raymond fell around 66% on May 14 due to a price adjustment after the demerger, but this was a technical revision and not a real loss for investors.
What are the financial forecasts for Raymond Realty?
Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026.
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