Adani Airport IPO: One more company of Adani Group may be listed in the stock market. The group is reportedly preparing to list its airport business. According to a media report, Adani Enterprises will consider listing its airport business by fiscal 2028. The Gautam Adani-led group plans to raise between $2 billion and $3 billion through equity in the current financial year (FY25), the report said. Let us inform you that shares of Adani Enterprises were last traded at ₹ 3.169 on BSE today, down 0.80 percent.
What are the details?
According to a report by CNBC-TV18, the Adani Group is gearing up to list its airport business by FY 2027-28. Let us tell you that since the flagship company went public in 1994, Adani Enterprises has established and listed six other independent businesses, with a combined market cap of over $10 billion. Let us tell you that Adani Enterprises has eight airports in the country, seven of which are operational and the Navi Mumbai International Airport is likely to be completed by the end of the year. Brokerage firm Cantor Fitzgerald has valued the Adani Airports business at ₹1,622 per share.
This stock of auto company created history, investors bought shares, Vijay Kedia’s stake
Opportunity to profit in this share of Tata! 20 experts say together – buy
What is the brokerage’s opinion?
Let us tell you that earlier this year, brokerage firm Cantor Fitzgerald initiated coverage on the stock with a “buy” rating and a target of ₹4,368 per share. He wrote in his note that the valuation of Adani Enterprises is driven by three core businesses, the primary of which is the airport business. Here, Jefferies also advises Adani Enterprises to Buy with a target price of ₹3,800 per share. It recently wrote in its note that the company aims to bid for the new airport under the privatization plan. Let us tell you that Jefferies and Cantor Fitzgerald are the two analysts who have coverage on Adani Enterprises.