Valor Estate's demerged arm Advent Hotels hits 5% upper circuit after listing at Rs 313 on NSE

Advent Hotels International

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26 Aug, 2025 12:21

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The shares of Advent Hotels International debuted at Rs 313 apiece on NSE on November 13, marking almost zero premium over its discovery price of Rs 312.70 apiece. This comes after the demerger of the company from Valor Estate (formerly DB Realty).

The stock's market capitalisation during market debut stood at around Rs 1,688 crore. The newly-listed shares however jumped 5 percent to hit the upper circuit at Rs 328.65 apiece. It is now 5.1 percent higher than its discovery price. Its market capitalisation at the end of the debut day stood at around Rs 1,773 crore.

Valor Estate shares meanwhile jumped more than 6 percent to close at Rs 152.40 apiece. The demerger of the company’s real estate and hotel management operations had officially been completed in April this year.

Earlier yesterday, Valor Estate had said that the "listing will mark a significant milestone in Advent’s journey as a dedicated hospitality platform, enabling enhanced market visibility, liquidity for existing shareholders, and a strengthened capital structure to support future growth".

The company had approved the demerger scheme of its hospitality business in the ratio of 1:10 earlier in 2024. The record date to determine the eligibility of shareholders set to take part in the demerger scheme has been set at July 18, 2025.

"The listing of Advent Hotels International reinforces our commitment to building an institutionally governed and capital-efficient hospitality platform. We are committed to building a lean, operationally excellent hotel platform that is maniacally focused on long-term shareholder value creation. Our goal is to deliver a mid-teens compounded ROE over the next decade or so, through careful acquisitions and disciplined capital allocation," said Arshad Balwa, Promoter Director of Advent Hotels International.

"This listing is a defining moment for Advent Hotels International, as we aim to build one of India’s most admired hospitality platforms. As an independent, asset-heavy company with marquee partnerships and a strong development pipeline, we are well-positioned to capture the next phase of growth in India’s premium and luxury hospitality sector. This listing enhances our financial flexibility, strengthens governance, and enables sustainable value generation for all stakeholders," said Rahul Pandit, Managing Director & CEO of Advent Hotels International.

Advent Hotels International currently operates two marquee hotels - the 313-key Grand Hyatt-flagged property in Bambolim, Goa (with an additional 113 keys under development), and a 171-key Hilton-branded property in Mumbai's Andheri East.

Advent Hotels International said that it is expanding its portfolio through strategic partnerships and joint ventures, including two upcoming hotels at Aerocity, Delhi - St. Regis and Marriott Marquis, which are being developed in partnership with the Prestige Group and are expected to open in FY27.

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