ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger

ITC Hotels Ltd shares got listed at a discovery price of ₹180 per share on the National Stock Exchange on Wednesday, January 29, 2025. This is a discount of nearly 31% from its implied price of ₹260 per share and comes after the hotels business demerged from the main parent organisation ITC Ltd.

Meanwhile, the company's shares got listed at ₹188 per share on the Bombay Stock Exchange (BSE). This was a discount of 30% from the implied price of ₹270 per share. Notably, the listing price is slightly higher than Nuvama's estimate, according to the report which added that the brokerage had expected the shares to be listed at a range of ₹150-175 per share.