Gautam Adani plans to launch at least five IPOs between 2026 to 2028

Jan 23, 2023

By: Bhakti Makwana

​Adani group companies plans to list more companies

World’s third richest man Gautam Adani plans to list at least five Adani Group companies on the exchanges, between 2026 and 2028.

Credit: Adani-Group

Public issues to expand investor base

The move to list these companies will help improve debt ratios and expand the company's investor base, said Jugeshinder Singh, Adani Group CFO in an interview to Bloomberg.

Credit: Adani-Group

Companies to hit market

Adani New Industries, Adani Airport Holdings, Adani Road Transport, AdaniConneX are the companies that will list along with the group's metals and mining units, said Singh.

Credit: Adani-Group

​Adani New Industries

The Ahmedabad-based company undertakes green hydrogen projects wherein it manufactures wind turbines, solar modules, batteries among other components.

Credit: Adani-Group

​Adani Airport Holdings

Adani Airports has won the mandate to modernize and operate six airports such as Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram through a competitive tendering process held by Airports Authority of India (AAI). Adani Airports will operate, manage & develop all these six airports for a period of 50 years.

Credit: Adani-Group

​Adani Road Transport

The company is a wholly-owned subsidiary of Adani Enterprises that is engaged in the development, construction, operation and management of roads and highway projects in India.

Credit: Adani-Group


AdaniConneX is a joint venture between Adani Group and EdgeConneX, a data center operator. It will provide a full range of data center solutions across India from Hyperscale Campuses to Hyperlocal Edge facilities leveraging EdgeConneX’s global expertise.

Credit: Adani-Group

​Ongoing Adani Enterprises FPO

Adani Flagship company Adani Enterprises launched a ₹20,000 crore follow-on public offer (FPO) that opens on January 27 and closes on Jan 31. It plans to fuel its green hydrogen ambitions, and repay a part of its debt with the proceeds.

Credit: Adani-Group

Listed Adani companies

Most Adani group companies including Adani Wilmar, Adani Power, Adani Total Gas and Adani Enterprises that are listed on the exchanges delivered multibagger returns to investors in the last one year.

Credit: Adani-Group

Mukesh Ambani races past Gautam Adani as richest Indian: Only Indian in the top 10 in 2023 M3M Hurun Global Rich List