Horizon Industrial Parks Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹57 - ₹60
- Lot size
- 250 shares
- Issue amount
- ₹2,600.45 cr
- Total subscription
- 1.52×
- Opens
- 17 Aug 2026
- Closes
- 19 Aug 2026
- Allotment
- 20 Aug 2026
- Listing
- 24 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 43,34,09,090 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹2,600.45 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,44,95,26,460
- Shares after issue
- 2,88,29,35,550
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 250 | ₹15,000 |
| sHNI | 14 | 3,500 | ₹2,10,000 |
| bHNI | 67 | 16,750 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 19 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,73,030 | 1,32,757 |
| EMPLOYEES | 0 | 2,304 |
| HNIs(10L +) | 12,359 | 903 |
| HNIs (2-10L) | 6,180 | 3,739 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 778.84 | 1,513 |
| FIIs | 0 | 967.38 |
| FIs | 0 | 40.02 |
| Mutual Funds | 0 | 222 |
| Others | 0 | 283.61 |
| RETAIL | 259.55 | 261.98 |
| HNIs 2+ | 129.77 | 90.62 |
| HNIs 10+ | 259.55 | 309.01 |
| EMPLOYEES | 5 | 8.19 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | -1.18 | -3.11 | -2.96 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -4.23 | -136.35 | -59.46 |
| PRE IPO(PE) | -72.29 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2009, Horizon Industrial Parks is backed by Blackstone Group and is one of India’s largest developers and operators of industrial and logistics infrastructure. The company owns a strong portfolio of 45 assets across 10 major cities, covering over 58 million square feet, and primarily focuses on developing and leasing modern warehouses, fulfillment centers, and industrial facilities to sectors like e-commerce, FMCG, manufacturing, and logistics. It also offers value-added solutions such as in-city delivery hubs, solar energy, cold storage, and turnkey infrastructure services, making it a complete logistics partner for businesses. With a customer base of 100+ companies including large corporates and MNCs, the company benefits from strong demand driven by India’s growing consumption and supply chain needs, while its scale, strategic locations, and integrated offerings support long-term growth.
Strengths
- Leading Position & Strategic Locations: Horizon has built a strong industrial and logistics infrastructure platform with high-quality assets located in key markets near major urban centres.
- Strong Industry Growth Opportunity: The company is well positioned to benefit from the growth of manufacturing, consumption, and e-commerce in India, which can increase demand for industrial and logistics facilities.
- Strong Customer Relationships: The company serves 100+ customers across manufacturing, e-commerce, and 3PL sectors, supported by its ability to lease and manage assets efficiently.
Risk factors
- Recent Acquisition Risk: A significant portion of the company's assets was acquired from promoters and other sellers in recent years. Future acquisitions may involve uncertainties and may not deliver the expected financial benefits.
- History of Losses: The company has reported losses in the past, mainly due to high finance costs and depreciation expenses. There is no guarantee that it will achieve consistent profitability in the future.
- Customer Concentration Risk: A significant share of revenue comes from the top 10 customers. Loss of major customers or reduction in their lease commitments could negatively impact revenue and business performance.
Promoters
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.
Registrar & documents
Lead manager
360 ONE WAM Limited, Axis Capital Limited, IIFL Capital Services Limited, Jm Financial Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Horizon Industrial Parks Ltd. One World Centre, Unit No 1501B, Tower 1, 841 Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, 400013
+91 22 4158 1000
[email protected]Company website ↗Understanding HORIZONIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.