Horizon Industrial Parks IPO: India’s largest industrial and logistics infrastructure developer company has launched its IPO. The company aims to raise ₹2,600 Cr. The Horizon Industrial Parks IPO will open for subscription on August 17, 2026, and close on August 19, 2026.
Horizon Industrial Parks IPO is a book build issue of 43,34,09,090 shares (₹2,600.00 Cr.). The issue is a combination of a fresh issue of 43,34,09,090 shares (₹2,600.00 Cr.).
The price band for Horizon Industrial Parks IPO is ₹57 to ₹60 per share. The minimum application size is 1 lot (250 shares), requiring a retail investor to invest at least ₹15,000 (based on the upper price band).
Horizon Industrial Parks IPO GMP
| Date | Price | GMP |
|---|---|---|
| 12/08/2026 | ₹60 | ₹0 |
Horizon Industrial Parks IPO Subscription
| Category | Day 1 |
|---|---|
| QIB | 0.00x |
| NII | 0.00x |
| RII | 0.00x |
| Total | 0.00x |
Horizon Industrial Parks IPO Details
| Open Date | August 17, 2026 |
| Close Date | August 19, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹57.00 – ₹60.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹2,600.00 Cr. (43,34,09,090 Shares) |
| Fresh Issue | ₹2,600.00 Cr. (43,34,09,090 Shares) |
| Offer For Sale | Not Applicable |
| EMP Discount | ₹5.00 |
| Prospectus | RHP | Anchor Investors |
Horizon Industrial Parks IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 75.00% | 32,50,56,817 |
| NII | 15.00% | 6,50,11,364 |
| RII | 10.00% | 4,33,40,909 |
| Total | 100.00% | 43,34,09,090 |
Horizon Industrial Parks IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 250 | ₹15,000 |
| Retail Maximum | 13 | 3,250 | ₹1,95,000 |
| S-HNI Minimum | 14 | 3,500 | ₹2,10,000 |
| S-HNI Maximum | 66 | 16,500 | ₹9,90,000 |
| B- HNI Minimum | 67 | 16,750 | ₹10,05,000 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹17,297.61 Cr. |
| P/E Ratio | -72.29x |
| EPS | ₹-0.83 |
| ROE | — |
| ROCE | — |
| RoNW | -4.23% |
| Dept/Equity | — |
| EBITDA Margin | 79.16% |
| PAT Margin | — |
| Net Assets Value | ₹27.89 |
| Price To Book Value | 2.15x |
Horizon Industrial Parks IPO No Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| N/A | — | — | — | — |
Horizon Industrial Parks IPO Dates
| Open Date | August 17, 2026 |
| Close Date | August 19, 2026 |
| Allotment Date | August 20, 2026 |
| Refund Date | August 21, 2026 |
| Share Credit Date | August 21, 2026 |
| Listing Date | August 24, 2026 |
Horizon Industrial Parks Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 (Consolidated) | ₹13,495.13 Cr. | ₹767.84 Cr. | ₹965.13 Cr. | ₹4,676.16 Cr. | ₹-203.65 Cr. | ₹607.80 Cr. | ₹3,214.54 Cr. | ₹6,884.34 Cr. |
| March 2025 (Consolidated) | ₹9,851.54 Cr. | ₹439.35 Cr. | ₹596.41 Cr. | ₹122.00 Cr. | ₹-178.78 Cr. | ₹339.12 Cr. | ₹-530.09 Cr. | ₹7,009.11 Cr. |
| March 2024 (Consolidated) | ₹4,993.18 Cr. | ₹245.52 Cr. | ₹403.00 Cr. | ₹266.95 Cr. | ₹-162.21 Cr. | ₹151.51 Cr. | ₹-334.75 Cr. | ₹3,688.21 Cr. |
Company Promoters
- BREP Asia II EIP Holding (NQ) Pte.Limited
- Brep ASIA II Indian Holdings Co.VI (NQ) Pte.Limited
- BREP Asia III India Holdings Co.III Pte.Limited
| Holding Pre Issue | 2,44,95,26,460 Shares | 88.74% |
| Holding Post Issue | 2,88,29,35,550 Shares | 75.40% |
Horizon Industrial Parks IPO Lead Managers
- JM Financial Limited
- Axis Capital Limited
- IIFL Capital Services Limited
- SBI Capital Markets Limited
- 360 One WAM Limited
Horizon Industrial Parks IPO Registrar
Kfin Technologies Limited
Telephone: 040-79615565
Email: horizon.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
About Horizon Industrial Parks Limited
The company was incorporated on September 22, 2009. As of May 2021, Jazz Leaf Investment Limited and Embassy Property Developments Private Limited (“Earlier Shareholders”) held 100% of the company’s equity share capital.
In May 2021, one of the existing promoters, BREP Asia II EIP Holding (NQ) Pte. Ltd., and others acquired 100.00% of the company’s then equity share capital. The promoters are part of the Blackstone Group and leverage Blackstone’s global expertise in the logistics sector, with logistics holdings exceeding 1.2 billion square feet worldwide as of September 30, 2025.
The change in control of the company accelerated the growth of our total network. Prior to May 2021, his company owned five assets: Horizon Industrial Park Bilaspur, Horizon Industrial Park Farukhnagar I, Horizon Industrial Park Hosur, Horizon Industrial Park Chakan II, and JCK Horizon Industrial Park Kothur. Following the change in control of his company, all remaining 40 assets in his total network have been acquired by his company and subsidiaries.
It is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network (based on the total area of its assets). It provides its clients with Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers in the country’s major industrial and consumption hubs. Its comprehensive business ecosystem provides a holistic end-to-end solution that helps its customers operate seamlessly and reduce time-to-market. Its solutions include, among others, built-to-suit facilities, fully fitted plug-and-play facilities, cold storage, energy solutions, on-site staff accommodation, racking, and material handling equipment (“MHEs”), all designed to support efficient operations.
Core Offering
- Fulfillment centers: Their fulfillment centers provide bulk storage solutions to customers across multiple sectors, including e-commerce, third-party logistics, FMCG, and retail. These Grade A facilities are a vital part of our customers’ supply chains, connecting manufacturing factories to retailers and customers. These facilities comprise 16.34 msf, or 57.23%, of our total operational network as of May 31, 2026. These facilities typically range in size from 50,000 square feet to over 500,000 square feet. These facilities feature advanced specifications to meet the needs and requirements of our diverse customers, such as a clear height of approximately 12 meters, a 5-8 ton load floor, a 16m wide concrete docking apron, and a 12m turning radius, ensuring efficient customer service.
- Industrial facilities: Their industrial facilities are designed to support assembly, light engineering, manufacturing activities, and related storage across a range of sectors, including renewable energy, electric vehicles, automotive, electronics, aerospace, specialty chemicals, telecommunications, and packaging. As of May 31, 2026, these facilities represent 11.42 msf, or 40.00%, of our total operational network. In addition to standard plug-and-play offerings, we offer built-to-suit solutions, allowing customers to customize their space to their specific needs. These industrial facilities deliver high yields and customer retention. Our industrial facilities have a large footprint, typically ranging from 50,000 square feet to 800,000 square feet, with wide column spans that provide design flexibility to support complex manufacturing processes.
- In-city centers: Their in-city centers are multi-use facilities located near densely populated areas, making it possible to be close to customers. Our in-city centers provide easy access to a market of over 20 million end-consumers, all within a 10-30 minute driving distance. Use cases for these centers include last-mile delivery stations, micro fulfillment centers, dark stores, direct-to-customer businesses, online pharma, cold storage, cloud kitchens, service centers, airline catering, online laundry services, experience centers, large-format retail, R&D centers, and SME industrial facilities. As of May 31, 2026, we operate three in-city facilities with an operational network of 0.79 msf, and are in various stages of construction of 14 more facilities in key metropolitan areas. As of the date of this Red Herring Prospectus, its total network of in-city centres is spread across seven cities, with a total area of 6.91 msf.
Additionally, it acquired a 49.00% stake in Vision Softech Facilities Private Limited, which has been awarded a 100-acre parcel of land in Narasapura, Bangalore, with a capacity of 2.55 msf. With this acquisition, its total network comprises 46 assets with a total size of 61.13 msf.
As of May 31, 2026, they served over 118 customers across key sectors of the Indian economy, including e-commerce, retail, fast-moving consumer goods (“FMCG”), renewable energy, auto-ancillary, and manufacturing. Their scale, technical capabilities, network of strategically located sites, and full-service offerings enable them to partner with both multinational corporations (“MNCs”) and domestic companies seeking to establish storage or manufacturing facilities in India.
As of May 31, 2026, 54.05% of their committed operational network is contracted with Fortune 500 companies, demonstrating the confidence these global companies have in their capabilities and highlighting the quality of their customer base. Additionally, 40.65% of their incremental area contracted since fiscal 2024 was signed through repeat engagements, demonstrating customer stickiness and strengthening their customer relationships.
Company Strengths (In Details)
- Largest player with premium-quality offerings strategically located across prime markets, including in-city locations with
- fully integrated platform;
- Well positioned to benefit from 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 track record of executing joint ventures and maintaining government partnerships;
- Commitment to enhanced sustainability practices with high sustainability standards;
- Highly skilled and professional leadership team backed by an experienced promoter with extensive industry experience and execution expertise.
Objects Of The Issue (In Details)
- Repayment and/or prepayment, in part or full, of certain borrowings availed by: (Estimated Amount ₹2,250.00 Cr)
- His Company; and
- Certain wholly owned subsidiaries of the Company, namely, Bagur Logistics Park Private Limited, Embassy Industrial Park Hosur Private Limited, Farukhnagar Logistics Parks LLP, FRK II Industrial Park Private Limited, Goodluck Buildtech Private Limited, ILV Distripark Private Limited, ILV Distripark (MWC) Private Limited, Jindpur Industrial Park Private Limited, Kalina Warehousing Private Limited, Lakshmipati Realtors Private Limited, LI Industrial Parks Private Limited, Malur Logistics & Industrial Parks Private Limited, Panvel Warehousing Private Limited, Patancheru Industrial Park Private Limited, Redhills Industrial Park Private Limited and Vertical Logistics Park LLP, (“Identified Subsidiaries”), by way of investments in such subsidiaries;
- General corporate purposes.
- The main object and the main object necessary for the furtherance of the main object as set out in the Memorandum of Association enable them: (i) to carry on their existing business activities; (ii) to carry on activities funded from the net proceeds (including activities for which funds are earmarked for general corporate purposes), and (iii) to carry on the activities for which loans were raised and which are to be prepaid or repaid from the net proceeds. In addition, the main object and the main object as set out in the Memorandum of Association of their identified subsidiaries enable the respective identified subsidiaries to carry on the activities for which loans were raised and which are to be prepaid or repaid from the net proceeds.
Company Address
Horizon Industrial Parks Limited
Address: One World Centre, Unit No 1501B Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg
Mumbai, Maharashtra, 400013
Telephone: +91 22 4158 1000
Email: complianceofficer@hiparks.com
Website: https://www.hiparks.com/
Horizon Industrial Parks IPO FAQs
What are the open and close dates of the Horizon Industrial Parks IPO?
The IPO will open on August 17, 2026 and will close on August 19, 2026.
What is the price band for Horizon Industrial Parks IPO?
The price band for the IPO is fixed at ₹57 to ₹60 per share.
What is the issue size of the Horizon Industrial Parks IPO?
The total issue size of the IPO is ₹2,600.00 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Horizon Industrial Parks IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 250 Shares with ₹15,000 amount while the maximum bid is 13 Lot, 3,250 shares with ₹1,95,000 for the IPO.
What is Horizon Industrial Parks IPO Investors Portion?
The investors’ portion for QIB 75.00%, NII 15.00%, RII 10.00% for the IPO.
When will the basis of allotment for the Horizon Industrial Parks IPO be finalized?
The the IPO allotment is expected to be finalized on August 21, 2026.
When will the shares of Horizon Industrial Parks IPO get listed?
The IPO shares are expected to be listed on the BSE and NSE on August 24, 2026.
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| IPO GMP Check Here |
| IPO Subscription Check Here |
| IPO Allotment Check Here |
| IPO Listing Check Here |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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