If there is one rate that everyone is looking forward to this morning, it is the share price of ITC Hotels when it lists on the exchanges in a few hours from now. ITC had demerged its hotel business in early January and since then there are many numbers that are doing the rounds. However, the consensus seems to be that the share price range should be between Rs 120 and 175. There are of course a few who are suggesting a Rs 200 plus number while some see the prospect of a share price below Rs 100 a share too while it makes a debut at the exchanges.
ITC Hotels listing price- What does peer comparison indicate?
ITC Hotels currently operates a fairly comprehensive portfolio comprising 140 properties and 6 distinct brands. These include ITC Hotels, Mementos, WelcomHotel, Storii, Fortune and WelcomHeritage. In FY24, it had an occupancy rate of 69% and plans to add 5,000 additional rooms by 2030.
Also ReadITC Hotels Share Price Live Updates: ITC Hotels makes a smart debut, lists at Rs 188/share on BSE
ITC Hotel’s strong expansion strategy and favourable trends within the hospitality sector are seen as key positives for the ITC Hotel share price. Deven Choksey, Managing Director of DRChoksey FinServ highlighted that the company’s comparable peers, “Indian Hotels and EIH are currently trading at an FY26E EV/EBITDA multiple of 31x and 21.2x.”
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He anticipates ITC Hotel’s “listing to occur at an EV/EBITDA multiple of 20x-25x implying a market capitalization range of Rs 29,162.9 – 36,453.7 crore. This would result in a potential listing price in the range of Rs 140-175 per share.”
Also ReadCatch all the live updates on the listing of ITC Hotels’ share price ITC Hotels listing today- What are brokerages suggesting?
Leading brokerage house Nomura projects the listing price between Rs 200-300 per share on the anticipation that the market capitalisation of ITC Hotels may range between Rs 42,500 –
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