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Horizon Industrial Parks Limited IPO
Industrial & Logistics Infrastructure · Warehousing · Blackstone Group · Park Developer
📋 Mainline IPO
Fresh Issue Only
NSE, BSE
₹60
Upper Price
₹2,600.00 Cr
Issue Size
Aug 24, 2026
Listing Date
₹14,697.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Monday, 17 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 19 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 20 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 21 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 24 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date17 August 2026 (Mon)
IPO Close Date19 August 2026 (Wed)
Listing Date24 August 2026 (Mon)
Face Value₹10 per share
Price Band₹57 to ₹60
Issue Price (Upper Band)₹60 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size250 shares
Total Issue Size43,34,09,090 shares (₹2,600.00 Cr)
Fresh Issue43,34,09,090 shares (₹2,600.00 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares2,44,95,26,460
Post-Issue Shares2,88,29,35,550
Promoter Holding (Pre)88.74%
Market Cap (Pre-IPO)₹14,697.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerJM Financial, Axis, IIFL, SBI Caps, 360 One
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹60| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 250 | ₹15,000 |
| Retail — Maximum | 13 | 3,250 | ₹1,95,000 |
| S-HNI (sNII) — Min | 14 | 3,500 | ₹2,10,000 |
| S-HNI (sNII) — Max | 66 | 16,500 | ₹9,90,000 |
| B-HNI (bNII) — Min | 67 | 16,750 | ₹10,05,000 |
⚠️ Note: Investors can bid for a minimum of 250 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000. Employee discount of ₹5.00 per share is applicable.
👥 Investor Reservation
Allocated portion of Net OfferNot less than 75%
QIB Portion
Not more than 10%
Retail Portion
Not more than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 13,495.13 | 9,851.54 | 4,993.18 |
| Total Income | 767.84 | 439.35 | 245.52 |
| PAT | -203.65 | -178.78 | -162.21 |
| EBITDA | 607.80 | 339.12 | 151.51 |
| Net Worth | 4,676.16 | 122.00 | 266.95 |
| Reserves & Surplus | 3,214.54 | -530.09 | -334.75 |
| Total Borrowing | 6,884.34 | 7,009.11 | 3,688.21 |
Income Growth
FY 2023–24₹245.52 Cr
FY 2024–25₹439.35 Cr
FY 2025–26₹767.84 Cr
🎯 Key Performance Indicators
-4.23%
RoNW
FY 2025–26
79.16%
EBITDA Margin
FY 2025–26
2.15x
Price/Book
FY 2025–26
27.89
NAV
FY 2025–26
58.01 msf
Total Area
Logistics Network
45 Assets
Parks
Across 10 Cities
Blackstone
Sponsor Group
Global Backing
100+
Clients
MNC & Domestic
⚖️ Valuation & EPS
Pre-IPO EPS
-₹0.83
FY26 earnings + pre-issue shares
P/E: N/APost-IPO EPS
-₹0.71
FY26 earnings + post-issue shares
P/E: N/APrice to Book Value
2.15x
At upper price band ₹60
Market Cap (Pre-IPO)
₹14,697.00 Cr
At issue price ₹60
ℹ️
Pre-IPO EPS (-₹0.83) is calculated on negative FY26 restated PAT (-₹203.65 Cr) against pre-issue shares (2,44,95,26,460). Valuation multiples (P/E) are rendered Not Applicable due to net losses. Post-IPO Market Cap expands to ₹17,297.61 Cr following the fresh equity issuance of 43,34,09,090 shares extending post-issue capital base to 2,88,29,35,550 shares.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and certain wholly owned Subsidiaries
₹2,250.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹2,600.00 Cr
🏢 About Horizon Industrial Parks Ltd.
Est. 2009 · Mumbai, Maharashtra · Logistics InfrastructureHorizon Industrial Parks Limited, incorporated in 2009 and backed by the Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network footprint. The company controls an expansive portfolio of 45 logistics and industrial parks across 10 prime Indian urban markets, totaling 58.01 million square feet (msf) of high-grade real estate.
Serving over 100 top-tier multinational and domestic clients across e-commerce, retail, FMCG, renewable energy, and auto-ancillary sectors, Horizon develops modern fulfillment centers, specialized industrial manufacturing facilities, and in-city last-mile distribution centers. Built upon strong engineering and acquisition execution capabilities, Horizon integrates cutting-edge sustainability standards and full-service property management across its nationwide network.
Brand Ecosystem
🏢
Fulfillment Centers
15.55 msf operational warehousing space dedicated to e-commerce, FMCG, and 3PL networks
🏭
Industrial Facilities
10.36 msf operational area customized for manufacturing, EVs, renewables, and electronics
🏙️
In-City Last-Mile Hubs
6.31 msf strategic pipeline across 7 cities for dark stores, cloud kitchens, and pharma
☀️
Turnkey & Green Solutions
Solar energy integration, cold storage facilities, and on-site staff accommodation hubs
Competitive Strengths
🏆Largest player with premium-quality logistics offerings strategically located across prime Indian metro markets
🚀Well-positioned to benefit from strong manufacturing, consumption, and e-commerce growth tailwinds
⚙️Fully integrated platform with proven engineering capabilities for complex industrial projects
🤝Strong customer relationships providing comprehensive business ecosystems beyond traditional real estate
Company Promoters
BA
BREP Asia II EIP Holding (NQ) Pte.Ltd.
Promoter, Horizon Industrial Parks Ltd.
BI
Brep ASIA II Indian Holdings Co.VI & BREP Asia III
Promoter Entities, Horizon Industrial Parks Ltd.
📅 Key Dates
IPO Opens17 Aug 2026
IPO Closes19 Aug 2026
Allotment20 Aug 2026
Refund & Share Credit21 Aug 2026
Listing Day24 Aug 2026
💡 Quick Summary
Price Band₹57 – ₹60
Upper Price₹60 / share
Lot Size250 shares
Min. Investment (Retail)₹15,000
Issue Size₹2,600.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
JM Financial, Axis, IIFL, SBI Caps, 360 One
📍 Registered Address
Horizon Industrial Parks Ltd.
One World Centre, Unit No 1501B,
Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg,
Mumbai, Maharashtra — 400013
📞 +91 22 4158 1000
[email protected]
One World Centre, Unit No 1501B,
Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg,
Mumbai, Maharashtra — 400013
📞 +91 22 4158 1000
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Horizon Industrial Parks IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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