Bharti Airtel’s Africa gamble: Why CLSA sees 26% upside ahead of Airtel Money IPO

CLSA maintains an ‘Outperform’ rating on Bharti Airtel with a 12-month target price of Rs 2,310, implying an upside of 26.6%. This report came after the company scheduled to list Airtel Money in the second half of 2026.

Here are the details on what CLSA has to say on the IPO plan of Bharti Airtel for Airtel Money-

Airtel Money IPO strategic

The IPO for Airtel Money, the mobile money unit of Airtel Africa, is scheduled for the second half of 2026. It is expected to raise between $1.5 billion and $2 billion, with unconfirmed reports suggesting a potential valuation of $10 billion—a fourfold increase from its 2021 valuation. London is currently considered the most likely venue for this listing.