Horizon Industrial Parks IPO
Horizon Industrial Parks Limited
Minimum investment
Horizon Industrial Parks IPO Details
Bidding date
17 Aug - 19 Aug 2026
Price range
₹57 - ₹60
Minimum quantity
250
Minimum investment
₹14,250
Issue size
₹2,600 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Horizon Industrial Parks IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹2,600 Crore
Fresh Issue: 100% (₹2,600 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹2,600 Crore
- Repayment and/or prepayment of certain borrowings of the Company and identified wholly owned subsidiaries - ₹2,250 Cr
Offer for Sale – ₹0 Crore
Before Issue: 88.74%
After Issue: 75.4%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Promoters’ Contribution | 3 Years from the date of Allotment |
Promoters’ Shares above 20% contribution | 1 Year from the date of Allotment |
Pre-Issue Equity Shares held by persons other than Promoters | 6 Months from the date of Allotment |
Anchor Investors – 50% Shares | 90 Days from the date of Allotment |
Anchor Investors – Remaining Shares | 30 Days from the date of Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
About Horizon Industrial Parks IPO: Company Overview
Horizon Industrial Parks Ltd., incorporated in 2009 and backed by Blackstone Group, is an industrial and logistics infrastructure developer, owner and operator in India. According to a JLL report, the company is the largest player in India by total industrial and logistics network. As of the DRHP date, Horizon Industrial Parks owns 45 logistics and industrial assets across 10 major Indian cities, covering approximately 58.01 million square feet.
The company develops and leases modern warehouses and industrial facilities for businesses across sectors such as e-commerce, FMCG, retail, manufacturing, automotive, renewable energy and electronics. Its portfolio includes fulfillment centers, industrial facilities and in-city logistics centers designed to support last-mile delivery. As of November 30, 2025, fulfillment centers accounted for around 15.55 million square feet, while industrial facilities accounted for approximately 10.36 million square feet of operational area. The company also has a pipeline of around 6.31 million square feet of in-city centers across seven cities.
Horizon Industrial Parks serves more than 100 customers and also provides solutions such as turnkey development, solar energy solutions, cold storage facilities, on-site staff accommodation and skill development centers. For the IPO, the company plans to raise up to Rs. 2,600 crore through a fresh issue of 43.34 crore shares. A major portion of the IPO proceeds is proposed to be used for repayment and prepayment of borrowings.
Strengths & Risks of Horizon Industrial Parks IPO
Large Industrial & Logistics Portfolio: Horizon Industrial Parks owns 45 industrial and logistics assets across 10 major Indian cities, covering approximately 58.01 million square feet.
Strong Industry Positioning: The company operates in a sector that can benefit from the long-term growth of manufacturing, e-commerce, consumption, organised retail and logistics in India.
Diversified Customer Base: The company has served more than 100 customers across sectors such as e-commerce, FMCG, retail, renewable energy, auto-ancillary and manufacturing, helping diversify its customer base.
Strategic Asset Locations: Its properties are strategically located across major logistics markets, including in-city locations that cater to growing last-mile delivery requirements.
Integrated Business Capabilities: Horizon Industrial Parks offers development, leasing, turnkey solutions, solar energy, cold storage and other infrastructure-related services, providing a broader business platform.
Continued Net Losses: Horizon Industrial Parks reported a consolidated loss after tax of Rs. 203.65 crore in FY2026, compared with a loss of Rs. 178.78 crore in FY2025. Continued losses remain a key concern for investors.
Negative Return on Net Worth: The company's RoNW stood at -4.23% as of March 31, 2026, indicating that the company was not generating positive returns on its net worth.
High Borrowings: Total borrowings stood at Rs. 6,884.34 crore as of March 31, 2026. The high level of debt remains an important financial risk.
Interest Cost Pressure: A high debt burden can result in significant interest and financing costs, which may continue to put pressure on profitability if earnings do not improve.
Negative Earnings: The company reported negative EPS, which makes conventional P/E-based valuation assessment difficult and increases uncertainty around earnings-based valuation.
Real Estate & Logistics Sector Risk: The company's performance can be affected by changes in demand, rental rates, occupancy levels, property values and overall economic conditions.
Horizon Industrial Parks Financials: Revenue, Profit & EBITDA
767.84 Cr.
Mar'26
-203.65 Cr.
Mar'26
607.8 Cr.
Mar'26
How to Apply for Horizon Industrial Parks IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Horizon Industrial Parks IPO Market Sentiment: See How Many Are Interested
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