The shares of Raymond Realty made a weak market debut on stock markets on July 1, listing at Rs 1,000 apiece on NSE after the firm's demerger from its parent-company Raymond. The listing price marks a discount of 3.78 percent from the discovered price of Rs 1,039 apiece.
On BSE, the shares of the company listed at Rs 1,005 apiece, marking a discount of around 2.5 percent from the discovered price of Rs 1031.30 apiece.
Ventura had placed a target price of Rs 1,383 apiece, nearly 38 percent higher than the current market price. "Given the substantial opportunities and growth prospects, the demerger of Raymond Realty will unlock significant value for shareholders by allowing the company to pursue sustainable growth with a focused, pure-play real estate strategy," it said.
After the IPO-less market debut, the shares surged 5 percent to hit the upper circuit at Rs 1,050 apiece. After opening, the stock had a market capitalisation of nearly Rs 6,990 crore.
However, the shares later erased all gains to close in the red at Rs 999 apiece on NSE. The stock is now 3.88 percent lower than its discovered price.
Raymond Realty was demerged from its parent company Raymond on May 1, 2025 at a ratio of 1:1. This means that every Raymond shareholders as on the record date would receive one share of Raymond Realty for every share of Raymond they own.
The demerger was said to be part of Raymond Group’s plan, in its 100th year of existence, to transform into what Raymond Group Chairman Gautam Singhania referred to as 'Raymond 2.0' in a letter to shareholders.
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Earlier last year, Raymond Lifestyle was demerged and listed separately. Raymond and Raymond Lifestyle shares surged after the listing of Raymond Realty's shares. Raymond shares jumped nearly 7 percent in the morning, while Raymond Lifestyle was up nearly 1 percent.
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