ITC Lodges share worth: ITC Lodges will likely be making its debut on the Bombay Inventory Trade (BSE) and the Nationwide Inventory Trade (NSE) on Wednesday, January 29, 2025, in keeping with its regulatory submitting.
ITC Lodges share worth: Surrounded by the Aravalis, Mementos by ITC Lodges, Ekaaya presents gorgeous vistas of the verdant valley beneath, whereas the sky enhances its magnificence.(Representational Picture)
Subsequently, the next are the highest 10 elements shareholders must know, in keeping with a Monetary Specific report.
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1) ITC Lodges itemizing worth
Although there is no such thing as a clear indication of the ITC Lodges itemizing worth but, the general expectation is a worth bracket between ₹113 to ₹170 per share, in keeping with the report.
2) Brokerage views
Based on Nuvama, the itemizing may very well be nearer to the ₹200 per share mark, whereas Nomura expects the worth to be between ₹200 and ₹300 per share whereas SBI Securities expects it to round ₹113-170, the report learn.
3) ITC Lodges itemizing time
ITC Lodges will make its debut on the BSE and NSE on January 29 on the market opening at 9:15 am.
4) Will ITC Lodges be part of the Nifty and Sensex?
ITC Lodges will likely be a part of the benchmark Sensex and Nifty indices for 3 buying and selling days and will likely be excluded afterwards. Nonetheless, this timeline might also get altered if the inventory hits circuit limits throughout the time.
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5) ITC Lodges demerger
The demerger of ITC Lodges from its mum or dad firm ITC was accomplished on January 1, 2025, permitting ITC Lodges to function as a standalone entity.
ITC nonetheless, continues to carry a 40% stake in ITC Lodges, with the remaining 60% distributed amongst current ITC shareholders.
6) Particular pre-open session: Value adjustment
A particular pre-open buying and selling session on January 6 established the adjusted worth for ITC shares. On the NSE, ITC’s share worth was lowered by ₹26 to ₹455.60, whereas on the BSE, the adjustment was ₹27, bringing it to ₹455 per share, in keeping with the report.
7) ITC Lodges share allotment
ITC allotted 125,11,71,040 (125.11 crore) fairness shares of ITC Lodges to its shareholders on January 11.
8) ITC Lodges share allotment ratio and distribution
The share allotment ratio was set at 1:10, that means that for each 10 shares of ITC held by a shareholder as of January 6, they obtained one share of ITC Lodges.
The allotted shares are presently marked as “dummy tickets” and will likely be tradeable as soon as the itemizing goes dwell, in keeping with the report.
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9) Demerger’s affect on ITC’s market capitalisation
ITC shareholders now maintain stakes in two separate entities, realigning the principle ITC’s market capitalisation.
10) Acquisition price apportionment
Based on an ITC regulatory submitting, if a shareholder buys 1,000 ITC shares at ₹400 per share, the full acquisition price can be ₹4,00,000.
After the demerger, 86.49% ( ₹3,45,960) of this price can be attributed to ITC shares, whereas 13.51% ( ₹54,040) to ITC Lodges shares, in keeping with the report.