ITC Hotels shares credited to demat accounts; listing expected soon, brokerages predict listing price

ITC Limited has successfully demerged its hotel division, establishing ITC Hotels as a separate entity. The demerger became effective on January 1, 2025, with January 6, 2025, designated as the record date to determine shareholder eligibility for ITC Hotels shares.

ITC Hotels shares credited to Demat Accounts

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Shareholders eligible for ITC Hotels’ shares have received their allocations in their demat accounts on Monday, January 13, 2025. Investors are now awaiting the listing of ITC Hotels on the stock exchanges, expected to occur shortly.

ITC Hotels shares allocation and listing timeline

  • Shareholders received 1 share of ITC Hotels for every 10 shares held in ITC Limited.
  • The listing of ITC Hotels is anticipated around mid-February 2025.

Brokerage Estimates on Listing Price of ITC Hotels share

Brokerage firms have provided estimates for ITC Hotels’ listing price, highlighting a range based on expected valuations:

  • Nomura: Projects a listing price between ₹200 and ₹300 per share, corresponding to a market capitalization of ₹42,500–62,000 crore.
  • Nuvama Institutional Equities: Estimates a listing price ranging from ₹150 to ₹175 per share.

Market Implications

The demerger is expected to unlock significant value for shareholders by allowing ITC Hotels to focus exclusively on its hospitality business. Analysts believe this strategic move could enhance operational efficiencies and attract focused investment into the hotel sector.

ITC Hotels, a prominent player in the Indian hospitality industry, is poised for growth with the new operational independence, making it a stock to watch for long-term investors.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult with a financial advisor before making investment decisions.