Horizon Industrial Parks
Price band ₹57–60 · Issue ₹2600.00 Cr
Opens
17 Aug 2026
Closes
19 Aug 2026
Allotment
20 Aug 2026
Listing
24 Aug 2026
Lot size
250
At a glance
IPO Open Mon, Aug 17, 2026 IPO Close Wed, Aug 19, 2026 Price Band ₹57 to ₹60 Market Cap * ₹17,297.61 Cr * on Upper Price IPO Details IPO Date 17 to 19 Aug, 2026 Listing Date Mon, Aug 24, 2026 T Face Value ₹ 10 per share Price Band ₹57 to ₹60 Lot Size 250 Shares Sale Type Fresh capital only Issue Type Bookbuilding IPO Listing At BSE, NSE Employee Discount ₹ 5.00 Total Issue Size 43,34,09,090 shares (agg. up to ₹ 2,600 Cr) Fresh Issue 43,34,09,090 shares (agg. up to ₹ 2,600 Cr) Share Holding Pre Issue 2,44,95,26,460 shares Share Holding Post Issue 2,88,29,35,550 shares IPO Timetable (Tentative) IPO Open Mon, Aug 17, 2026 IPO Close Wed, Aug 19, 2026 Allotment Thu, Aug 20, 2026 Refund Fri, Aug 21, 2026 Credit of Shares Fri, Aug 21, 2026 Listing Mon, Aug 24, 2026 IPOs Timetable Issue Reservation Investor Category Shares QIB Not less than 75% of the Net Issue Retail Not more than 10% of the Net Issue NII Not more than 15% of the Net Issue IPO Lot Size Investors can bid for a minimum of 250 shares and in multiples thereof. Application Lots Shares Amount Retail (Min) 1 250 ₹15,000 Retail (Max) 13 3,250 ₹1,95,000 S-HNI (Min) 14 3,500 ₹2,10,000 S-HNI (Max) 66 16,500 ₹9,90,000 B-HNI (Min) 67 16,750 ₹10,05,000 IPO Subscription Details Investor Category Reservations Category Limit Cut-off RII Up to ₹2 Lakhs Yes sNII ₹2 Lakhs – ₹10 Lakhs No bNII Above ₹10 Lakhs No Employee (EMP) Up to ₹5 Lakhs Yes Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII) About Horizon Industrial Parks Ltd. 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
Overview
Horizon Industrial Parks IPO is a book build issue of ₹2,600.00 crores. The issue is entirely a fresh issue of 43.34 crore shares of ₹2,600.00 crore.
Horizon Industrial Parks IPO opens for subscription on Aug 17, 2026 and closes on Aug 19, 2026. The allotment for the Horizon Industrial Parks IPO is expected to be finalized on Aug 20, 2026. Horizon Industrial Parks IPO will list on NSE and BSE with a tentative listing date fixed as Aug 24, 2026.
Horizon Industrial Parks IPO is set issue price band at ₹57 to ₹60 per share. The lot size for an application is 250 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (250 shares) (based on upper price).
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Horizon Industrial Parks IPO RHP for detailed Information.
Issue details
IPO Date
17 to 19 Aug, 2026
Listing Date
Mon, Aug 24, 2026T
Face Value
₹10 per share
Price Band
₹57 to ₹60
Lot Size
250 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Employee Discount
₹5.00
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 3,250 | ₹1,95,000 |
| S-HNI (Min) | 14 | 3,500 | ₹2,10,000 |
| S-HNI (Max) | 66 | 16,500 | ₹9,90,000 |
| B-HNI (Min) | 67 | 16,750 | ₹10,05,000 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 75% of the Net Issue |
| Retail | Not more than 10% of the Net Issue |
| NII | Not more than 15% of the Net Issue |
About the company
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).
The company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include:
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”).
- Largest player with premium-quality offerings strategically located across prime markets, including in-city locations with a 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 the ability to provide a comprehensive business ecosystem to our customers, not just real estate solutions.
- Proven engineering and technical capabilities enabling the 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.
- Commitment to enhanced sustainability practices with high sustainability standards.
- Highly skilled and professional leadership team.
Financials
| Metric | 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 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 |
|---|---|
| RoNW | -4.23% |
| EBITDA Margin | 79.16% |
| NAV | 27.89 |
| Price to Book Value | 2.15 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
-0.83
P/E (x)
-72.29
Market Cap at Offer Price
₹14,697Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.74% | 75.4% |
| Public | 11.26% | 24.60% |
| Total | 100% | 100% |
Objects of the issue
- — 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
- — General Corporate Purposes
Intermediaries
Registrar
Kfin Technologies Ltd.
Lead manager(s)
JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd.
FAQs
How to apply in Horizon Industrial Parks IPO through Zerodha?+
Zerodha customers can apply online in Horizon Industrial Parks IPO using UPI as a payment gateway. Zerodha customers can apply in Horizon Industrial Parks IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Horizon Industrial Parks IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Horizon Industrial Parks IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Horizon Industrial Parks IPO will open?+
The Horizon Industrial Parks IPO opens on Mon, Aug 17, 2026 and closes on Wed, Aug 19, 2026.
What is the lot size of Horizon Industrial Parks IPO?+
Horizon Industrial Parks IPO lot size is 250 , and the minimum amount required for application is ₹15,000 .
How to apply for Horizon Industrial Parks IPO?+
You can apply in Horizon Industrial Parks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Horizon Industrial Parks IPO allotment?+
The finalization of Basis of Allotment for Horizon Industrial Parks IPO will be done on Thursday, August 20, 2026 , and the allotted shares will be credited to your demat account by Fri, Aug 21, 2026 . Check the Horizon Industrial Parks IPO allotment status .
When is Horizon Industrial Parks IPO listing date ?+
The Horizon Industrial Parks IPO listing date is not yet announced. The tentative date of listing is Mon, Aug 24, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.