Horizon Industrial Parks Limited IPO Price: ₹57 to ₹60 per share
IPO Dates: 17 Aug to 19 Aug, 2026
Company Overview
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).
Business Operations
The company develops and leases large, modern warehouses and industrial facilities to major companies.
Its core asset types include fulfillment centers, industrial facilities, and in-city centers.
Fulfillment Centers
Fulfillment centers are used by e-commerce, FMCG, retail, and logistics companies. As of November 30, 2025, they accounted for 15.55 msf, or 58%, of the operational area.
Industrial Facilities
Industrial facilities are used for manufacturing, EVs, renewables, electronics, auto, and other applications. As of November 30, 2025, they accounted for 10.36 msf, or 39%, of the operational area.
In-City Centers
In-city centers are located close to consumers to support last-mile delivery. They are used for dark stores, pharma, cloud kitchens, retail, and services. The company has a total pipeline of 6.31 msf across seven cities.
Additional Offerings
The company also offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, and skill development centers.
Customer Base
As of November 30, 2025, the company had served over 100 customers across key sectors, including e-commerce, retail, fast-moving consumer goods (FMCG), renewable energy, auto-ancillary, and manufacturing.
The company partners with multinational corporations (MNCs), supported by its scale, technical capabilities, network of strategically located sites, and full-service offerings.
Market Position
According to a JLL report, Horizon Industrial Parks is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network.
The company has a strategically located network of assets across prime markets, including in-city locations, supported by a fully integrated platform.
Engineering & Technical Capabilities
The company has proven engineering and technical capabilities enabling the execution of complex industrial projects.
Development & Acquisition Expertise
The company has proven expertise in development and acquisitions, backed by a strong track record of executing joint ventures and maintaining government partnerships.
Sustainability
The company is committed to enhanced sustainability practices with high sustainability standards.
Competitive Strengths
- 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 related to India’s manufacturing, consumption, and e-commerce.
- Strong customer relationships with the ability to lease and actively manage assets and provide a comprehensive business ecosystem to customers.
- 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.
Bidding Starts In
Horizon Industrial Parks Limited IPO Specifics:
| IPO Date | 17 to 19 Aug, 2026 |
| Listing Date | Mon, Aug 24, 2026 |
| 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 |
Horizon Industrial Parks Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| 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 |
Horizon Industrial Parks Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 250 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Horizon Industrial Parks Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Horizon Industrial Parks Limited IPO Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 3,214.54 | -530.09 | -334.75 |
| Total Borrowing | 6,884.34 | 7,009.11 | 3,688.21 |
Key Performance Indicator-Horizon Industrial Parks Limited IPO
| KPI | Value |
|---|---|
| RoNW | -4.23% |
| EBITDA Margin | 79.16% |
| NAV | 27.89 |
| Price to Book Value | 2.15 |
| EPS (₹) | -0.83 |
| P/E (x) | -72.29 |
| Market Cap at Offer Price | ₹14,697Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Horizon Industrial Parks IPO DRHP
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