Horizon Industrial Parks IPO: Rs 2737 Cr Launch on Aug 17

Horizon Industrial Parks is set to launch its initial public offering, aiming to raise Rs 2737.35 crore. The 100% book building issue will offer 45,62,24,695 shares, each with a face value of Rs 10. The price band for the equity shares is fixed between Rs 57 and Rs 60.

IPO Key Details

• The subscription window opens on August 17, 2026, and closes on August 19, 2026.
• Shares will list on both BSE and NSE.
• Not more than 75% of the issue is for Qualified Institutional Buyers (QIBs), including 5% for mutual funds.
• Non-institutional bidders will receive not less than 15%, with the remaining 10% allocated to retail investors.
• The share is priced at 5.70 times its face value on the lower side and 6.00 times on the higher side.

Horizon Industrial Parks operates as India’s largest industrial and logistics infrastructure developer, owner, and operator. They provide Grade A fulfillment centers, industrial facilities, and in-city centers across major Indian consumption hubs.

Their business ecosystem delivers end-to-end solutions, encompassing built-to-suit facilities, plug-and-play options, cold storage, and energy solutions. This setup helps customers streamline operations and reduce market entry time.

Extensive National Network

• The company’s asset network spans 10 major hubs in India.
• Key locations include Delhi National Capital Region (Delhi-NCR) and Mumbai (Maharashtra).
• Other hubs are Bangalore (Karnataka), Chennai (Tamil Nadu), Pune (Maharashtra), Hyderabad (Telangana), Ahmedabad (Gujarat), and Nagpur (Maharashtra).
• This network was established through strategic acquisitions, greenfield developments, and targeted redevelopments.

Fund Utilisation Plan

• Proceeds will primarily go towards partial or full repayment/prepayment of certain borrowings.
• These borrowings include those taken by the company and its wholly-owned subsidiaries through investments.
• The remaining funds are earmarked for general corporate purposes.

The book running lead managers for the IPO include JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets, and 360 ONE WAM. Shraddha Poddar serves as the compliance officer for the issue.