Horizon Industrial Parks IPO Details
Horizon Industrial Parks IPO Summary
Horizon Industrial Parks IPO opens for subscription on 17 Aug 2026 and closes on 19 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 24 Aug 2026.
Horizon Industrial Parks IPO price band has been fixed at ₹57 – ₹60 per share. The face value is ₹10 per share with a lot size of 250.
Horizon Industrial Parks IPO total issue size comprises 43,34,09,090 shares (aggregating up to ₹2600.45 Cr). This includes a fresh issue of 43,34,09,090 shares (aggregating up to ₹2600.45 Cr). Pre-issue shareholding stands at 2,44,95,26,460, which will increase to 2,88,29,35,550 post-issue.
Horizon Industrial Parks IPO carries a ₹1.5 (2.5%) GMP, reflecting investor sentiment.
Horizon Industrial Parks IPO Lot Size :Retail Minimum is 1 lot (250 shares) amounting to ₹15,000. Retail Maximum is 13 lots (3,250 shares) amounting to ₹1,95,000. SHNI Minimum is 14 lots (3,500 shares) amounting to ₹2,10,000. SHNI Maximum is 66 lots (16,500 shares) amounting to ₹9,90,000. BHNI Minimum is 67 lots (16,750 shares) amounting to ₹10,05,000.
Horizon Industrial Parks IPO Details
Horizon Industrial Parks IPO Subscription
Horizon Industrial Parks IPO Application Wise Breakup (Approx)
Horizon Industrial Parks IPO Dates
- 17 Aug 2026Opening dateOpen
- 19 Aug 2026Closing dateClose
- 20 Aug 2026Allotment Date Allotment
- 21 Aug 2026Initiation of RefundsRefund
- 21 Aug 2026Credit of SharesCredit
- 24 Aug 2026Listing dateListing
Horizon Industrial Parks IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 250 | ₹15,000 |
| Retail Maximum | 13 | 3250 | ₹1,95,000 |
| SHNI Minimum | 14 | 3500 | ₹2,10,000 |
| SHNI Maximum | 66 | 16500 | ₹9,90,000 |
| BHNI Minimum | 67 | 16750 | ₹10,05,000 |
Horizon Industrial Parks IPO Reservation
Promoter Holding
Documents
Horizon Industrial Parks IPO Valuations
Horizon Industrial Parks Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 | 607.80 | 339.12 | 151.51 |
| NET Worth | 4,676.16 | 122.00 | 266.95 |
| Reserves and Surplus | 3,214.54 | -530.09 | -334.75 |
| Total Borrowing | 6,884.34 | 7,009.11 | 3,688.21 |
| Amount in ₹ Crore | |||
About Horizon Industrial Parks IPO
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”).
Strength Of Horizon Industrial Parks IPO
- Largest player with premium-quality offerings strategically located across prime markets, including in-city locations with 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 an ability to provide a comprehensive business ecosystem to our customers, not just real estate solutions.
- Proven engineering and technical capabilities enabling 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.
- Proven track record of active asset management.
- Commitment to enhanced sustainability practices with high sustainability standards.
- Highly skilled and professional leadership team backed by a strong promoter with extensive industry experience and execution expertise.
Risk Of Horizon Industrial Parks IPO
- A significant portion of the company's assets in our network have been acquired by the Company from its Promoters and other sellers recently (in Fiscals 2025 and 2026) and the company may undertake such acquisitions to expand its network in the future. Further, the Proforma Financial Information included in this Draft Red Herring Prospectus is presented for illustrative purposes only, to demonstrate the impact of the Acquisition Transactions as if such acquisitions had been consummated on April 1, 2022 or from the date of incorporation of such acquired entities, whichever is later, and may not accurately reflect its financial condition or results of operations.
- The company incurreds losses of Rs.576.45 million, Rs.1,295.66 million, Rs.1,389.68 million and Rs.1,512.68 million, on a restated consolidated basis and Rs.597.12 million, Rs.2,337.03 million, Rs.2,545.42 million and Rs.2,937.18 million, on a proforma basis, in the three months ended June 30, 2025 and Fiscals 2025, 2024, 2023, respectively and some of the company's Material Subsidiaries incurred losses in the past, based on their respective standalone financial information primarily due to high finance costs and depreciation and amortization expenses. There can be no assurance that the company will achieve or maintain profitability in the future.
- The company's revenues are significantly dependent on the company's top 10 customers (identified based on their proforma revenue contribution in Fiscal 2025). These customers accounted for 41.52%, 44.44%, 53.97% and 53.20% of the company's proforma revenue from operations in the three months ended June 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Loss of any of these customers or a significant reduction in their lease commitments could adversely affect its business, results of operations, financial condition and prospects.
- A significant portion of the company's revenue is derived from its assets situated in the cities of Delhi-NCR, Chennai, Bangalore and Pune, which collectively contributed 79.86%, 79.95%, 87.65% and 85.57% of the company's proforma revenue from operations for the three months period ended June 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any adverse developments affecting the locations of the company's assets in these cities could have an adverse effect on the company's business, results of operations, financial condition and prospects.
- The title and development rights or other interests over land where the company's assets are located, may be subject to legal uncertainties and defects, which may interfere with its ownership of the company's assets and result in the company incurring additional costs to remedy and cure such defects.
- The company is exposed to the risks pertaining to land scarcity and the limited supply of land, increasing competition and applicable regulations, which may adversely affect its business, results of operations and financial condition.
- The company relies on independent contractors for the construction of our assets and any failures on their part to perform their obligations could adversely affect its business, results of operations, financial condition and prospects.
- The company's Development Network (which constitutes 53.91% of our Total Network) is subject to various risks and uncertainties, including construction delays and increasing construction costs, which could lead to time and cost overruns, and adversely affect its business, financial condition, operations and cash flows.
- A portion of the Net Proceeds are proposed to be utilized for repayment or pre-payment of certain borrowings availed by the company's Subsidiaries from State Bank of India and Axis Bank Limited, which is an associate of SBI Capital Markets Limited and Axis Capital Limited, respectively, two of the BRLMs.
- The company requires substantial funds for meeting its capital expenditure requirements. The company may not be able to secure funding for such capital expenditure in a timely manner or at all which may adversely impact its growth prospects and overall financial performance.
Objectives Horizon Industrial Parks IPO
1. Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subsidiaries of Company, namely Bagur Logistics Park Pvt.Ltd., Embassy Industrial Park Hosur Pvt.Ltd., Farukhnagar Logistics Parks LLP, FRK II Industrial Park Pvt.Ltd., Goodluck Buildtech Pvt.Ltd., ILV Distripark Pvt.Ltd., ILV Distripark (MWC) Pvt.Ltd., Jindpur Industrial Park Pvt.Ltd., Kalina Warehousing Pvt.Ltd., Lakshmi
2. General Corporate Purposes
Company Contact Details
Horizon Industrial Parks Ltd. Address
One World Centre, Unit No 1501B, Tower 1, 841
Jupiter Textile Mills, Senapati Bapat Marg,
Mumbai, Maharashtra, 400013
Phone: +91 22 4158 1000
Email: complianceofficer@hiparks.com
Website: http://www.hiparks.com/
Registrar Contact Details
Horizon Industrial Parks FAQs
The Horizon Industrial Parks IPO is a MAINBOARD public issue comprising 433409090 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹2600.45 Cr. The issue price has been fixed at ₹60 per equity share, and the minimum application size is 250 shares.
The IPO opens for subscription on 17 Aug 2026, and closes on 19 Aug 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹1.5 (2.5%).
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