IPO details · Updated
Horizon Industrial Parks Limited
- Price Band
- ₹57 – ₹60
- Lot Size
- 250 shares
- Min. Investment
- ₹15,000
- Issue Size
- ₹2,600 Cr
- Offer Dates
- 17 Aug – 19 Aug 2026
- Listing
- 24 Aug 2026
Issue Details
- Total Issue Size
- ₹2,600 Cr
- 43,33,76,374 shares
- Fresh Issue
- ₹2,600 Cr
- 43,33,76,374 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 2,44,95,26,460
- Shares Post-Issue
- 2,88,29,02,834
IPO Timeline
Offer opens
17 Aug 2026
Offer closes
19 Aug 2026
Allotment
20 Aug 2026
Listing
24 Aug 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor44.9%19,46,25,000 shares
- QIB29.9%12,97,50,000 shares
- HNI15.0%6,48,75,000 shares
- Retail10.0%4,32,50,000 shares
- Employee0.2%9,09,090 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 12,97,50,000 | 25,21,66,000 | 1.94x |
| NII | 6,48,75,000 | 6,66,05,000 | 1.03x |
| Retail | 4,32,50,000 | 4,36,62,500 | 1.01x |
| Employee | 9,09,090 | 13,64,500 | 1.50x |
| Total | 23,87,84,090 | 36,37,98,000 | 1.52x |
Lot Size & Investment
1 lot = 250 shares
Retail (min)
1 lot · 250 shares
Retail (max)
13 lots · 3,250 shares
S-HNI (min)
14 lots · 3,500 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 250 | ₹15,000 |
| Small HNI (S-HNI) | 14 | 3,500 | ₹2,10,000 |
| Big HNI (B-HNI) | 67 | 16,750 | ₹10,05,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 13,495.13 | 9,851.54 | 4,993.18 |
| Total Income | 767.84 | 439.35 | 245.52 |
| Profit After Tax | -203.65 | -178.78 | -162.21 |
| EBITDA | 607.8 | 339.12 | 151.51 |
| Net Worth | 4,676.16 | 122 | 266.95 |
| Reserves & Surplus | 3,214.54 | -530.09 | -334.75 |
| Total Borrowing | 6,884.34 | 7,009.11 | 3,688.21 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| RoNW (%) | -4.23 |
| EPS (₹) | -0.83 |
| P/E (pre-issue) | -72.29 |
| P/E (post-issue) | -84.51 |
About Horizon Industrial Parks Limited
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 Offerings The 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 Strengths Largest 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
- 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 Cr)
- General Corporate Purposes (₹241.88 Cr)
- Issue Expenses (₹108.12 Cr)
Promoters
- <p>BREP Asia II EIP Holding (NQ) Pte.Ltd.
- Brep ASIA II Indian Holdings Co.VI (NQ) Pte.Ltd.
- BREP Asia III India Holdings Co.III Pte.Ltd.</p>
Company Information
- Book running lead managers
- JM Financial Ltd.
- Axis Capital Ltd.
- IIFL Capital Services Ltd.
- SBI Capital Markets Ltd.
- 360 One WAM Ltd.
- Registered office
- One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, 400013
Official Documents
Opens the source filing in a new tab
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