Raymond Realty to list on stock exchanges on July 1. What to expect

Raymond Realty, demerged from Raymond Ltd, will list on July 1; SBI Securities pegs fair value at Rs 1,148.

Focused on “affordable luxury” in Mumbai and Pune, operating via an asset-light JDA model.

FY25 revenue/EBITDA grew 45%/37% YoY; FY26 sales bookings targeted at Rs 3,000 crore.

Each Raymond Ltd shareholder to get 1 Raymond Realty share; estimated listing range: Rs 897–1,430.