Horizon Industrial Parks IPO
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Horizon Industrial Parks IPO details
Schedule of Horizon Industrial Parks
| Issue open date | 17 Aug 2026 |
| Issue close date | 19 Aug 2026 |
| UPI mandate deadline | 19 Aug 2026 (5 PM) |
| Allotment finalization | 20 Aug 2026 |
| Refund initiation | 21 Aug 2026 |
| Share credit | 21 Aug 2026 |
| Listing date | 24 Aug 2026 |
| Mandate end date | 03 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 18 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 17 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Horizon Industrial Parks
Horizon Industrial Parks is India’s largest industrial and logistics parks developer and operator. It offers custom solutions that range from cold storage and compressed air to high-capacity electrical infrastructure.The world’s largest alternative asset manager, Blackstone, owns 89% of Horizon. The rest is held by 360 One Funds, SBI Life, Radhakishan Damani, and other investors.
Financials of Horizon Industrial Parks
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 2600 |
| Fresh Issue – Proceeds go to the company | 2600 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repay or pre-pay certain borrowings | 2250 (86.54%) |
| General corporate purposes | 350 (13.46%) |
Strengths
- Market leader with a large, strategically located network of industrial and logistics parks.
- Operates a pure-play, integrated platform combining real estate, infrastructure, and services.
- Maintains an unrivalled network of in-city centers for last-mile delivery.
- Possesses proven engineering and technical capabilities for complex industrial projects.
- Backed by an experienced promoter with extensive industry and execution expertise.
Risks
- A significant portion of the network is under development and subject to construction and cost overrun risks.
- Substantial indebtedness requires significant cash flow to service, limiting operational flexibility.
- The business is capital-intensive and may be unable to secure timely funding for future growth.
- Operations are subject to a broad range of government regulations, including environmental and labor laws.
- Contingent liabilities and legal proceedings related to taxes, land titles, and other claims could have an adverse effect.
Subscription Figures for Horizon Industrial Parks
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 19, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 1365.79 | 2521.66 | 1.85x |
| NII | 682.89 | 666.05 | 0.98x |
| Retail | 455.26 | 436.62 | 0.96x |
| Employees | 9.62 | 13.64 | 1.42x |
| Total | 2513.56 | 3637.98 | 1.45x |
Horizon Industrial Parks listing performance
The shares listed flat on August 24, 2026, at ₹60.25 (0.42% premium) on the NSE and at ₹59.65 (0.58% discount) on the BSE compared to their IPO issue price of ₹60.