Horizon Industrial Parks IPO: Day 1 Subscription at 0.14x
By ThePip Desk
Horizon Industrial Parks (HIPL) IPO opened on Aug 17, 2026, with a 0.14x subscription rate. The Rs 2,600 crore IPO aims to raise funds primarily for debt repayment.
Horizon Industrial Parks (HIPL) IPO opened on August 17, 2026, receiving bids for 3.52 crore shares against 25.13 crore shares on offer, resulting in a 0.14 times subscription rate. The IPO is set to close on August 19, 2026, with a price band of Rs 57-60 per share.
The public offering is a fresh issue of shares, targeting to raise Rs 2,600 crore. A significant portion of these proceeds, Rs 2,250 crore, is designated for the re/pre-payment of certain company borrowings.
Key Financials & IPO Details
- Subscription Rate: 0.14 times
- Shares Bid: 3.52 crore
- Shares on Offer: 25.13 crore
- Target Raise: Rs 2,600 crore
- Debt Repayment Allocation: Rs 2,250 crore
- Price Band: Rs 57-60 per share
Before the IPO’s opening, HIPL secured Rs 1,167.75 crore from 54 anchor investors on August 14, 2026. These investors were allotted 19.46 crore shares at Rs 60 each.
Company Overview
HIPL operates as a pure-play industrial and logistics platform in India, specializing in Grade A fulfillment centers, industrial facilities, and in-city centers. Its integrated solutions cover real estate, infrastructure, and operational services.
The company’s network spans 58.58 million sq ft across seven cities/metropolitan areas. This includes 51.67 million sq ft of industrial and logistics parks and 17 in-city centers totaling 6.91 million sq ft.
- Total Network Area: 58.58 million sq ft
- Industrial & Logistics Parks: 51.67 million sq ft
- In-City Centers: 17 (6.91 million sq ft)
- Sales (FY ending March 31, 2026): Rs 691.38 crore
- Consolidated Net Loss (FY ending March 31, 2026): Rs 197.64 crore
For the twelve months ending March 31, 2026, HIPL reported a consolidated net loss of Rs 197.64 crore on sales of Rs 691.38 crore.