Horizon Industrial Parks Limited logo

IPO details · Updated

Horizon Industrial Parks Limited

ClosedMainboardNSE: HORIZONINDBSE: 544880
Check Allotment
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

Full 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

  1. Offer opens

    17 Aug 2026

  2. Offer closes

    19 Aug 2026

  3. Allotment

    20 Aug 2026

  4. 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

CategoryOfferedBidsSubscribed
QIB12,97,50,00025,21,66,000
1.94x
NII6,48,75,0006,66,05,000
1.03x
Retail4,32,50,0004,36,62,500
1.01x
Employee9,09,09013,64,500
1.50x
Total23,87,84,09036,37,98,000
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

ApplicationLotsSharesAmount
Retail1250₹15,000
Small HNI (S-HNI)143,500₹2,10,000
Big HNI (B-HNI)6716,750₹10,05,000

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets13,495.139,851.544,993.18
Total Income767.84439.35245.52
Profit After Tax-203.65-178.78-162.21
EBITDA607.8339.12151.51
Net Worth4,676.16122266.95
Reserves & Surplus3,214.54-530.09-334.75
Total Borrowing6,884.347,009.113,688.21

Key Performance Indicators

Key performance indicators
PeriodMar-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

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.