ITC Hotels Listing: The wait is finally over! The much anticipated listing of ITC Hotels has got the green light and the stock will make its share market debut on NSE, BSE tomorrow- January 29. ITC in a regulatory filing on Monday (January 27) said, “We write to advise that ITC Hotels Limited (ITCHL) has informed us today that ITCHL has received approval from the National Stock Exchange of India Limited and BSE Limited for listing and trading of its equity shares effective 29th January, 2025.”
Ahead of the listing of ITC Hotels, let’s take a look the key points that shareholders need to keep in mind-
1. What price will ITC Hotels list at
There is no clear indication of the ITC Hotels shares price yet. Different analysts have different projections. Overall, the expectation is that the share price can list anywhere between Rs 113 to Rs 170 a share price. Existing market sentiment and the global uncertainty will also play a part in determining the final share price. Currently it is a wait and watch approach till 9:15 tomorrow.
2. Brokerage views on ITC Hotels
Most brokerage houses are waiting for the listing to put out their views on the stock. However, earlier last week Nuvama had put out a report highlighting that the ITC Hotels share could potentially list closer to the Rs 200 per share mark.Nomura anticipates a range of Rs 200-300 a share while SBI Securities suggests a price band of Rs 113- 170.
Also ReadITC Hotels to list on January 29- Here are 4 things that shareholders need to know now 3. ITC Hotels listing time and other details
ITC Hotels is all set to make its debut as a standalone company on the BSE and NSE on January 29. Investors are awaiting the listing, with the market opening at 9:15 AM tomorrow.
4. Will ITC Hotels trade on Nifty, Sensex
ITC is a Index Heavyweight but will ITC Hotels also trade on the Benchmark indices? Well, ITC Hotels be part of benchmark indices for 3 trading days. After that it will be excluded. However, the timeline may be altered if the stock hits circuit limits during the time.
5. Demerger of ITC Hotels
The demerger of ITC Hotels from its parent company ITC was completed on January 1,
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