Adani Airport Holdings Listing In Next 2-3 Yrs: Report

New Delhi: The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years. Jeet Adani, Director of Adani Airport Holdings Ltd, said in a media report that he wants to focus on three things before bringing the company’s IPO. First is the commercialisation and stabilisation of Navi Mumbai, which will start next year.

Second is city-side development around the airport which will be started in 2028-29 and third is non-aeronautical revenue growth.

“Since we started the business, it has tripled and is going to be a major source of income in the future,” he was quoted as saying in the report.

Jeet Adani further said that once these three things happen, AAHL’s EBITDA, which is currently around $300 million, will increase to $1 to $1.5 billion.

“When EBITDA will be at $1 billion, then we will be able to get our business listed. It will take at least 2 to 3 years to reach this level,” said Jeet Adani. He further added that consolidation among airlines in India brings both positive and negative impacts for airports.