Upcoming IPOs of Adani Group

About Adani Group

The Adani Group, founded by Gautam Adani in 1988, is a prominent Indian multinational conglomerate headquartered in Ahmedabad. It operates across diverse sectors including port management, electric power, mining, renewable energy, airport operations, and food processing. The group has a significant global presence and is known for its large-scale infrastructure projects. Despite facing controversies and allegations of stock manipulation and environmental concerns, the Adani Group continues to expand its footprint, contributing to India’s economic growth and sustainability efforts. Adani Group's stocks have gained significant attention in the Indian stock market. Adani Enterprises shares have seen strong movement, while Adani Green Energy stocks are popular in the renewable sector.

Adani Group IPO Updates

With the Adani group's equities, every day of 2023 revealed a story of turbulence, uncertainty, and resiliency. Adani group firms made news almost every other day, giving investors and market watchers an unpredictable trip.

This was due to the group's accusations of corporate wrongdoings, among other things, from January 2023. By December 2023, the combined market value of all 10 listed Adani equities had dropped from ₹ 19.6 trillion at the end of 2022 to ₹ 13.6 trillion. By 2024, it should be reasonable to conclude that the Adani Group's stock volatility has peaked. After the Supreme Court hearing, the giant conglomerate has seen some relief. Gautam Adani's fortune increased and moved to #15 on the Bloomberg Billionaires Index when equities rebounded.

Adani Ports share price has shown consistent growth, attracting investors. Meanwhile, Adani Power stocks are seen as a strong player in India's energy sector. Read the in-depth piece we wrote about when the Adani group first said it will list a number of more firms in the upcoming years.

Why Adani Group is preparing IPOs?

Between 2026 and 2028, Gautam Adani, the richest man in Asia, intends to sell shares of at least five firms to the general public. With this action, the port-to-power conglomerate hopes to strengthen its debt ratios, expand its investor base, and produce copious cash flow to support the self-sustained growth of its verticals.
The company's spin-off plan aligns with the IPOs. In recent years, the Adani Group has already divided out its operations in electricity, coal, transmission, and green energy. In the upcoming years, it now intends to demerge or spin off its operations in data centers, airports, highways, mining, metals, and logistics.

Overview of the Upcoming Adani Group IPO

Following are the Most Probable Adani Upcoming IPO in Streamline:

1. Adani New Industries

Adani Enterprise established Adani New Industries as a utility business in January 2022. In addition to producing solar module batteries and wind turbines, the firm works on green hydrogen initiatives. Adani Group declared in November 2021 that over the following 10 years, the company will invest US$ 70 billion in the new energy sector. One step in that approach was the company's creation. This renewable energy project would be funded and the debt incurred for it repaid with the revenues from the Adani New Industries IPO.
By creating the least expensive hydrogen in the future years, the business hopes to overtake all other renewable energy companies worldwide. Additionally, the business is excited to explore downstream goods like green urea and green ammonia.

2. Adani Airport Holdings

Adani Airport Holdings is a company that develops airport infrastructure, trades commodities and goods, and ignites enterprises related to aviation. Six brownfield airports make up the company's portfolio, which it founded two years ago. Mumbai Airport and the brand-new Navi Mumbai Airport were the two additional airports it purchased last year.
The GVK Group was the seller of the Mumbai Airport. In terms of both passenger and cargo traffic, it is India's second busiest airport. With 25% of passengers and 40% of aviation cargo, Adani Airport Holdings is now the biggest airport operator in the nation. Airport operating companies must control their capital needs as they are consumer platforms that serve about 300 million users.

3. Adani Road Transport

Adani Road Transport is in charge of developing and promoting infrastructure projects, including highways. The business offers construction services for utilities and transportation infrastructure. It is mostly concerned with the building of large-scale infrastructure.

At the moment, it is constructing railroads, metro-rail, tunnels, national highways, and expressways. The corporation has created an order book with 14 constructions and operating contracts totalling more than 5,000 lane kilometers for the next quarter. Adani Road is serving as a national demonstration of innovative build-operate-transfer approaches. The government's increasing emphasis on infrastructure has the corporation looking forward to further projects. Adani Total Gas share price is gaining traction, reflecting the growth in gas distribution.

Conclusion

The main business of the diverse Adani group, Adani Enterprises, will celebrate 30 years of listing in November 2024. On the exchanges, it is the oldest Adani Group company. But the group's wide-ranging impact goes beyond the flagship company and includes a number of listed companies as well, including Adani Wilmar, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy, Adani Total Gas, and the newly acquired Ambuja Cements and ACC. Aside from that, the organization intends to list a number of other firms on the exchanges in the upcoming years. Adani Transmission stock price has been on the rise due to the expanding energy transmission network. Lastly, Adani Wilmar stocks have become a significant name in the FMCG space.