The situation in the stock will change after the demerger of ITC Hotels. The notification of receipt of loan from ITC Limited is effective from January 1, 2025. After this, many metrics will change in the stock.

The ITC Hotels share price will be announced in a special trading session on January 6, which is also the demerger record date. After the ITC Hotels share price is announced, its shares will be credited to the demat accounts of eligible shareholders. What will be the ITC Hotels share price on this record date? Brokerage firms Nomura and Nuvama have shared their observations on the ITC Hotels share price and valuation.

According to Nomura's forecast, the ITC Hotels share price during the special trading session may be between Rs 150 and Rs 175.

The ITC Hotels share price will be determined based on the difference between the closing price of ITC shares on January 3 (Rs 483.95 on NSE) and the opening price during the pre-open session on January 6.

Nuvama has estimated that the ITC Hotels share price at the time of listing may be between Rs 150 and Rs 175 per share. Based on the ex-date price search of ITC Hotels, ITC share price may adjust to around Rs 22-25. ITC share price adjustment will be in proportion to shareholding.

ITC will hold 40 per cent stake in ITC Hotels while the remaining 60 per cent stake will be held by ITC shareholders. The brokerage noted that BAT (15% stake) and SUTTI (5% stake) may exit their positions in ITC Hotels post listing.

ITC Hotels Market Cap Projection

On the other hand, Nomura has estimated the price of ITC Hotels shares to be Rs 200 to Rs 300 per share on listing. The market valuation of ITC Hotels on listing can be between Rs 42,500 crore and Rs 62,200 crore.

ITC Hotels Share Credit Debt

ITC Hotels shares will be credited at a demerger ratio of 10:1. This means that for every 10 ITC shares on the record date, 1 ITC Hotels share will be issued.

ITC Hotels shares will be credited to the demat account after the ex-date of January 8. Trading in ITC Hotels shares will commence after listing, for which the company will announce the date in due course.

ITC Hotels Share Listing Date

ITC has said that the listing of ITC Hotels shares will be completed within 60 days from the date of NCLT's demerger order dated December 16, 2024. Thus, ITC Hotels shares will have to be listed on NSE and BSE before mid-February, 2025. Nuwama has said that after the price split, ITC Hotels shares will be part of all NSE and BSE indices. ITC Hotels stock will be the 51st stock in the Nifty 50 index and the 31st stock in the BSE Sensex index.

ITC Hotels shares will be available as dummy tickers in the Nifty 50 and Sensex index. ITC Hotels stock will be removed from the index 3 days after listing. However, if the stock continues to hit the circuit, the decision to remove ITC Hotels shares from Nifty 50 and Sensex will be deferred by the exchanges.