ITC Hotels Ltd. is gearing up for its much-anticipated stock market debut following the demerger from its parent company, ITC. The demerger was finalized on January 1, 2025, with the record and ex-date set for January 6, 2025. ITC Hotels has completed the necessary steps for the listing process, including share allotment and price discovery.
Expected Listing Date: ITC Hotels shares are expected to be listed on the NSE and BSE by mid-February 2025. Although the exact date hasn't been confirmed yet, market analysts anticipate an official announcement shortly.
Share Allotment: Eligible shareholders of ITC received one ITC Hotels share for every ten ITC shares held as of the record date. These shares have been credited to the shareholders' demat accounts but will remain frozen until the official listing.
Grey Market Premium and Expected Price: Analysts predict that ITC Hotels shares may list between ₹150 and ₹300 per share, reflecting strong investor interest and a significant premium over the issued price.
Future Prospects: Post-listing, ITC Hotels plans to expand internationally, leveraging its strong brand reputation and environmental credentials. With a portfolio of 140 properties and plans to grow to over 200, ITC Hotels aims to solidify its position as a leading hospitality player in India and beyond.