Analysts predict ITC Hotels' shares to list between Rs 120-175 as it debuts today. Keep track of the market dynamics now!

Nomura expects the ITC Hotels share to list in the Rs 200–300 range, while Nuvama Institutional Equities is looking at a listing price of between Rs 150 and Rs 175.

Following the listing of ITC Hotels, ITC shareholders are not expected to experience a material increase in value, as ITC's price will be adjusted to account for the holding company discount.

Shares of ITC Hotels Ltd. — the demerged hotels business of ITC Ltd. — were listed at a discount of 30.4% on Wednesday at Rs 188 per share on the BSE, against the implied price of Rs 270 per share. On the National Stock Exchange, the shares debuted at a 30.7% discount at Rs 180 per share.

ITC Hotels listed at Rs 188 per share on the BSE on Wednesday, January 29, 2025. On the NSE, ITC Hotels share price listed at Rs 180 per share

ITC Hotels shares debuted at Rs 188 on BSE following the ITC Ltd demerger, but quickly hit a 5% lower circuit due to shareholder exits. Despite this, analysts suggest holding onto the shares, citing growth prospects in hospitality,

ITC had decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding 10 shares of ITC,

Buoyed by the government's policy interventions for the hospitality sector and a flourishing domestic tourism industry, ITC Hotels has strong growth enablers in place.

ITC Hotels will debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wedne 29, 2025

Jefferies expects the ITC Hotels to see outflows related to ETF selling, "Given ITC is part of key indices, ITC Hotels could see outflows to the tune of $190-200 million (based on

ITC Hotels made its debut on the National Stock Exchange (NSE) today, with shares listing at a discovery price of ₹180 each. The IPO-less listing comes at a nearly 31% discount from the implied price of ₹260 per share.