As a result of its demerger from ITC Limited on January 1, 2025, ITC Hotels will be listed on the stock exchange. On January 6, ITC’s initial share price was determined at a pre-open session, while its shares dropped after the hotels division’s value was removed. While the exact listing date for ITC Hotels has not yet been announced, market analysts predict a positive impact on the hospitality industry.
ITC Hotels, a leading player in the Indian hospitality sector, is preparing to go public, setting off a major boom for the sector. As a result of this move, not only will ITC Limited see significant value, but investor sentiment in the hospitality space is likely to be buoyed as well.
ITC Hotels Share Listing Date
We do not yet have an official listing date for ITC Hotels shares.
The ITC Hotels brand was demerged from ITC Limited on January 6, 2025. On that day, ITC Hotels shares were priced in a special pre-open session. The listing process usually takes a few weeks.
Key Points:
- Demerger: ITC Hotels was demerged from ITC Limited on January 1, 2025.
- Record Date: January 6, 2025 was the record date for the demerger.
- Price Discovery: A special pre-open session was held on January 6 to determine the price of ITC Hotels shares.
- Listing Date: The official listing date for ITC Hotels shares has not yet been announced and is expected to be announced soon.
ITC Share Price Update: Impact of Hotel Demerger
ITC’s share price ended at ₹442.50 on the BSE, down 2.7%. On the NSE, the stock closed at ₹445.35, down 2.25%.
As a result of ex-demerger, ITC shares now do not reflect the value of its hotel division.
According to ICICI Direct, despite the decline, the demerger was a “win-win” move.
ITC: Hotel Demerger a Win-Win
🟠 Buy for strong growth in both entities.
🟢 ITC Hotels: Target price ₹195 (15-30% upside from ₹150-170 expected listing).
🔵 ITC (ex-hotels): Target price ₹555 post adjustment.
🔸 ITC’s hotel business demerged on Jan 1, 2025.…
— ICICI Direct (@ICICI_Direct) January 5, 2025
At What Price Will Itc Hotels Be Listed?
On Monday, January 6, from 9:00 AM to 9:45 AM, the NSE and BSE held a special pre-open session for the purpose of determining the share price of ITC Hotels.
During this session, ITC’s shares closed at ₹455 on the BSE, a drop of 5.6% from the previous close of ₹482. The stock closed at 455.60 on the NSE, down 5.4% from 481.60 the previous day.
With this adjustment, ITC’s share price on the BSE and NSE decreased by 27 per share and 26 per share, respectively. So we can expect that itc hotels share price will be 27 per share.
Read more about the demerger in detaisl: What is Demerger? The Impact on Shareholders and Stakeholders
ITC Hotels: Key Updates and Listing Details
- Index Adjustment: Based on the difference between ITC’s closing price on January 3, 2025, and the open price during the special pre-open session on January 6, 2025, ITC Hotels will continue to be listed in the NSE and BSE indexes at a fixed price.
- Index Exclusion: ITC Hotels will be removed from all indices three business days after its listing. If the stock hits circuit limits, the removal will be delayed by two days for each instance.
- Listing Timeline: While an exact listing date isn’t confirmed, approvals are expected within a month, possibly sooner, given ITC Hotels’ significance.
- Churning Effect: Actual buying and selling adjustments in indices will occur on the third trading day post-ITC Hotels’ exclusion.
- Financial Performance:
- H1FY25: Total income was ₹1,489 crore, EBITDA ₹413 crore, and revenue ₹1,471 crore.
- FY24: Total income rose to ₹3,069 crore from ₹2,654 crore in FY23, with revenue climbing to ₹3,034 crore from ₹2,629 crore.
- Legacy of ITC Hotels: Established in 1975, ITC Hotels is a leading luxury hotel chain in India with 140+ hotels across 90+ destinations, blending Indian hospitality with world-class services.
