ITC Hotels Share Listed at ₹188 Per Share on BSE

On January 29, 2025, ITC Hotels shares were listed on the BSE at ₹188 per share, reflecting a 30.37% discount to the discovered price of ₹270 per share. On the NSE, ITC Hotels shares were listed at ₹180 per share, which represented a 30.77% discount to the discovered price of ₹260 per share. ITC Hotels shares will be removed from the Nifty 50 and Sensex indices on the T+3 day, meaning three business days after the listing date.

ITC Demerger Ratio

The demerger ratio for ITC Hotels was set at 1:10. This means that for every 10 ITC shares held, shareholders received 1 ITC Hotels share. ITC Ltd, the parent company, will retain a 40% stake in ITC Hotels, while the remaining 60% will be distributed to the shareholders.

About ITC Hotels Limited

ITC Hotels is the demerged entity of ITC Ltd, a conglomerate known for its cigarettes and FMCG businesses. As of October 2024, ITC Hotels is one of the largest hotel companies in India, with 140 hotels and approximately 13,000 operating keys. The company aims to expand its portfolio to more than 200 hotels and over 18,000 keys by 2030.

Approximately 35% of ITC Hotels’ portfolio is owned by the company, while the remainder is managed through various models, including franchises.

In FY24, ITC Hotels saw significant growth, with its owned hotels experiencing a 20% YoY increase in Average Room Rate (ARR) and an 18% YoY increase in Revenue per Available Room (RevPAR). Occupancy levels stood at 69%. The company also boasts strong return ratios, with a Return on Capital Employed (RoCE) of around 20%.ITC Hotels is in a strong financial position, with a net cash surplus and negligible debt on its books.

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