The much-anticipated listing of ITC Hotels as a standalone entity is one of the most anticipated events on Dalal Street now. After its demerger from ITC, the hotel arm is now gearing up for its stock market debut. The demerger of ITC Hotels officially came into effect on January 1, 2025, allowing its hotel division to focus on its growth trajectory. The listing process typically can happen anytime within the following 60 days. However, there is buzz about ITC Hotels listing before Budget.
ITC Hotel: Listing in January?
According to a report by NDTV quoting a person privy to the matter, it added that the shares of the company is likely to be listed on the Indian bourses before the Union Budget 2025. The Union Budget 2025 is scheduled to be presented on February 1, 2025,. This will be the 8th consecutive Union Budget presented by the Sitharaman in a row after the Modi government retained power for the third consecutive term in 2024. However, just to remind our readers, there is no official confirmation on the listing date yet.
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Nuvama Research expects the shares to list at approximately Rs 200 per share, with a potential holdco discount of 20%. They expect the hotels business market cap around Rs 42000 crore.
ITC Hotel: Special trading session
On January 6, a special pre-open trading session was held to adjust ITC’s stock price following the demerger. ITC’s share price on the NSE was adjusted by Rs 26, closing at Rs 455.60. On the BSE, the adjustment was Rs 27, bringing the price to Rs 455.
This session also marked the record date for ITC Hotels shareholders. Equity shares were allotted to eligible investors based on their holdings in ITC Limited.
Ahead of the official listing on the Indian bourses, the company has completed all necessary preparations, including share allotment and price discovery.
Also ReadITC Hotels listing update. 5 things to know Regulatory updates
On January 11, ITC announced the allotment of over 125 crore equity shares of Rs 1 each to shareholders as part of the demerger arrangement.
In the regulatory filing the company added,
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