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Horizon Industrial Parks Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹60
Per Share
GMP
+₹2
+3.33% Grey Market
Est. Listing
₹62
Expected Price
Min. Application
₹30,000
2 lots × 250 shares
IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size250 Shares per Lot
Total Issue Size43,34,09,090 shares (agg. up to ₹2,600 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 17 Aug 2026
Subscription CloseWed, 19 Aug 2026
Anchor AllotmentFri, 14 Aug 2026
Basis of AllotmentThu, 20 Aug 2026
Initiation of RefundsFri, 21 Aug 2026
Credit of Shares to DematFri, 21 Aug 2026
Listing DateMon, 24 Aug 2026
UPI Mandate Deadline5:00 PM on 19 Aug 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)15,000 — 250 shares
Retail — Max (13 Lots)₹195,000 (13 Lots)
HNI — Min (67 Lots)10,05,000 — 16,750 shares
EPS (Pre-IPO)₹-0.83
P/E Ratio (Pre-IPO)-72.29x
Pre-IPO Promoter Holding2,44,95,26,460 shares
Post-IPO Promoter Holding2,88,29,35,550 shares
Fresh Issue Shares43,34,09,090 shares (agg. up to ₹2,600 Cr)
About Horizon Industrial Parks Ltd

Incorporated in 2009, Horizon Industrial Parks, backed by Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network, according to a JLL report. As of the DRHP date, the company owns 45 logistics and industrial assets across 10 major Indian cities, totaling 58.01 million square feet (msf).Core OfferingsThe company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include:Fulfillment Centers (Warehousing): Used by e-commerce, FMCG, retail, and logistics companies, 15.55 msf (58%) of operational area as of Nov 30, 2025.Industrial Facilities: Used for manufacturing, EVs, renewables, electronics, auto, etc, 10.36 msf (39%) of operational area as of Nov 30, 2025.In-City Centers: Located close to consumers for last-mile delivery. Used for dark stores, pharma, cloud kitchens, retail, and service. Total pipeline of 6.31 msf across 7 cities.Additionally, it also offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, skill development centers, etc.Customers: As of Nov 30, 2025, the company has served over 100 customers across key sectors, including e-commerce, retail, fast-moving consumer goods (“FMCG”), renewable energy, auto-ancillary, and manufacturing. Our scale, technical capabilities, network of strategically located sites, and full-service offerings allow us to partner with both multinational corporations (“MNCs”).Competitive StrengthsLargest player with premium-quality offerings strategically located across prime markets, including in-city locations with a fully integrated platform.Well-positioned to benefit from strong industry tailwinds; Our business is derivative of India’s manufacturing, consumption, and e-commerce tailwinds.Strong customer relationship - A testament to our ability to lease and actively manage our assets with the ability to provide a comprehensive business ecosystem to our customers, not just real estate solutions.Proven engineering and technical capabilities enabling the execution of complex industrial projects.Proven expertise in development and acquisitions, backed by a strong track record of executing joint ventures and maintaining government partnerships.Commitment to enhanced sustainability practices with high sustainability standards.Highly skilled and professional leadership team.

Objects of the Issue

Horizon Industrial Parks Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subsidiaries of Company, namely Bagur Logistics Park Pvt.Ltd., Embassy Industrial Park Hosur Pvt.Ltd., Farukhnagar Logistics Parks LLP, FRK II Industrial Park Pvt.Ltd., Goodluck Buildtech Pvt.Ltd., ILV Distripark Pvt.Ltd., ILV Distripark (MWC) Pvt.Ltd., Jindpur Industrial Park Pvt.Ltd., Kalina Warehousing Pvt.Ltd., Lakshmi
2,250.00
2
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 2,44,95,26,460 shares
Post-IPO Promoter Holding 2,88,29,35,550 shares
Lock-in Period (30%)Sat, Sep 19, 2026
Lock-in Period (50%)Wed, Nov 18, 2026
Check AllotmentCheck Status →
Horizon Industrial Parks Ltd — Live Price LIVE
₹60.00
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Issue ₹60.00 GMP: +₹2 (+3.33%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹60
GMP+₹2
Est. Listing₹62
Lot Size250 shares
Min Amount₹30,000
Listing Date24 Aug 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹60
Listing Date24 Aug 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 325,721,771 ₹1,954.33 Cr 1.38x
NII / HNI 65,144,353 ₹390.87 Cr 1.03x
Retail (RII) 41,993,750 ₹251.96 Cr 0.97x
TOTAL 516,500 100.00% ₹3.10 Cr 0.57x
* Based on ₹60.00 (upper price band)
Day-wise Subscription
QIB
1.38x
NII / HNI
1.03x
Retail
0.97x
Total
0.57x
In Progress
Lot Size & Investment Details
Lot Size
250
Shares
Issue Price
₹60.00
Per Share
Min Investment
₹15,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 250 ₹15,000
Retail (Max) 13 3,250 ₹195,000
sNII (Min) 14 3,500 ₹210,000
bNII (Min) 68 17,000 ₹1,020,000
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 767.84 439.35 245.52
EBITDA 607.80 339.12 151.51
Profit After Tax (PAT) -203.65 -178.78 -162.21
Net Worth 4676.16 122.00 266.95
Total Assets 13495.13 9851.54 4993.18
Reserves & Surplus 3214.54 -530.09 -334.75
Total Borrowings 6884.34 7009.11 3688.21
Key Ratios & Valuation
Issue Price ₹60
Face Value ₹10 Per Share
P/BV 2.15
RoE N/A
RoCE -4.23
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) 79.16
Debt / Equity N/A
Company Details
Company
Horizon Industrial Parks Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
One World Centre, Unit No 1501B Tower 1, 841, Jupiter Textile Mills Senapati Bapat Marg Mumbai, Maharashtra, 400013
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