Horizon Industrial Parks IPO: Rs 57-60 Price Band for Rs 2,600 Cr Issue
By Business Desk
Blackstone-backed Horizon Industrial Parks launches Rs 2,600 crore IPO with a price band of Rs 57-60 per share. Public subscription opens August 17, 2026.
Horizon Industrial Parks Ltd, backed by Blackstone, has set its Initial Public Offering (IPO) price band at Rs 57-60 per equity share. The IPO aims to raise Rs 2,600 crore.
Public subscription for the IPO will run from August 17 to August 19, 2026, with anchor investors bidding on August 14.
Key IPO Details
- IPO Size: Rs 2,600 crore
- Price Band: Rs 57-60 per equity share
- Issue Type: Entirely fresh issue of equity shares
- Primary Use of Proceeds: Repayment of company borrowings
- Post-issue Market Capitalization (at upper end): Approximately Rs 17,298 crore
Blackstone currently holds about 89% stake in Horizon Industrial Parks. The company is a major industrial and logistics infrastructure developer, owner, and operator.
Company Portfolio
- Total Area: Approximately 60 million sq. ft.
- Assets: 46 industrial and logistics assets
- Locations: Spread across 10 different cities
The IPO allocation reserves 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. Equity shares are slated for listing on both the BSE and NSE stock exchanges on August 24.
Axis Capital, JM Financial, IIFL Capital Services, SBI Capital Markets, and 360 ONE WAM are the book-running lead managers for the issue, with KFin Technologies serving as the registrar.