Raymond's plan to list realty businesses in July-August unchanged: Sources

Raymond Realty has planned to chart a 20 percent annual growth in its EBITDA every year

Market sources said that conglomerate Raymond is planning to list its realty business separately in the July-September quarter, with a target of July. Raymond, which has already demerged and listed its apparel business last year, has demerged the realty vertical from May 1.

"It has already been in the public domain that the realty business, Raymond Realty, will be listed separately in the markets around 45-60 days after the demerger. Raymond is already trading ex-realty, and the realty business is being planned to be listed in July or August," said the source.

In December 2024, Raymond Chairman Gautam Singhania told Moneycontrol that the realty operations may be listed separately in August 2024, after the demerger from the parent.

As part of the demerger, Raymond shareholders will receive one share in Raymond Realty for every share they hold in the parent company. Raymond had initiated the demerger to unlock the value in its verticals, to provide more value to shareholders.

After the demerger and separate listing of Raymond Realty, the rump Raymond will hold the company's engineering and defence businesses.

Raymond Realty has planned to chart a 20 percent annual growth in its EBITDA every year, as well as a 15 percent growth in the topline, with growth in business development as well. The company, which markets residences across segments under three main brands, has around 10 million square feet of development potential at its large Thane land parcel, of which it has developed around 5 million square feet.

Besides the Thane land, the company has a largely redevelopment led growth trajectory, having signed on six housing societies for redevelopment across the Western suburbs, including Bandra.