The day of June 30 was a great day for investors of Raymond Limited. The share price rose by 13.56 percent on BSE at Rs 708.80. During the day, the stock saw an increase of up to 15 percent from the previous closed price and the price went up to Rs 718.05. The main reason for the competition to buy shares is that the company’s separate real estate branch Raymond Realty Limited (RRL) shares are going to be listed in the stock market on July 1.
The realty business of Raymond Limited was separated from this year from 1 May. According to the Scheme of Arrangement, the shareholders of Raymond Limited will get the shares of Remond Realty in the 1: 1 ratio. This means that the shareholders who had shares of Raymond till the record date will get a share of Raymond Realty on every stock with him. Raymond’s board fixed the record date on 14 May 2025 to decide the eligible shareholders of Raymond Limited.
Which price can be listed
Brokerage believes that the listing of Raymond Realty can be good. SBI Securities hopes that the stock may be listed in a range of Rs 897–1,430. Brokerage in the base case cinereo is expecting a growth of 10% on an annual basis for Remond Realty in FY 2026. However, SBI Securities have also counted some risk in the project launch, increasing competition.
Ventura Securities estimates that Raymond Realty’s share can start in the stock market at Rs 1,383. The brokerage believes that during FY25–28, the company’s revenue will grow 20%, Ebitda 17% and net profit will grow by 15.9% CAGR. With this, the revenue will be Rs 4,065 crore, Ebitda 813 crore and net profit will be Rs 426 crore by FY28.
The Raymond Group had previously separated its lifestyle and fashion business. This was followed by a separate listed entity called Raymond Lifestyle Limited. Under this disorder, the shareholders of Raymond Limited received 4 shares of Raymond lifestyle on every 5 shares of Raymond with him.
Raymond Realty has got a new board
Before the listing, the new board of directors have been appointed in Raymond Realty. The board of RRL has 4 Independent Directors- K Narasimha Murthy, Deepali Sheth, Ashish Kapadia and Bharat Khanna. Gautam Hari Singhania, chairman of Raymond Limited and Managing Director, will also be the chairman of Raymond Realty. At the same time, Harmohan Sahni has been made Managing Director and CEO. Napian Capital co-founder Gautam Trivedi has been made non-executive director on the board of Remond Realty.
Raymond shares climbed 42 percent in 3 months
The market cap of Raymond Ltd has increased to Rs 4700 crore. The stock has come down 32 percent in a year. It has seen a rise of 18 percent in 6 months. At the same time, the price has increased 42 percent in 3 months, while it has increased by about 20 percent in 2 weeks. By the end of March 2025, the promoters had 48.87 percent stake in the company.