Horizon Industrial Parks Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹57 – ₹60
Lot Size: 250 shares
Min. Investment: ₹15,000
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

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

Financial performance by period
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

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.