Horizon Industrial Parks IPO
ListedMainboardOpens 17 August 2026Closes 19 August 2026
Horizon Industrial Parks Limited (incorporated in 2009), backed by Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network. As of the RHP date, the…
Horizon Industrial Parks Limited (incorporated in 2009), backed by Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network. As of the RHP date, the company manages a total network of 58.58 million square feet (msf) across 45 logistics and industrial assets in 10 major Indian cities. Its core offerings include fulfillment centers, industrial manufacturing facilities, and in-city distribution centers for e-commerce, 3PL, FMCG, retail, renewable energy, and auto-ancillary companies.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
17 Aug
IPO Closes
19 Aug
Allotment
20 Aug
Listing
24 Aug
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 17 August 2026 |
| IPO Close Date | 19 August 2026 |
| Allotment Date | 20 August 2026 |
| Listing Date | 24 August 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 75% |
| NII (Non-Institutional Investor) | 15% |
| SHNI (Small Non-Institutional Investor) | 5% |
| BHNI (Big Non-Institutional Investor) | 10% |
| Retail | 10% |
| Total | 100.00% |
IPO Objectives
- Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and certain wholly owned Subsidiaries (₹2,250.00 Cr).
- General Corporate Purposes.
Strengths
- Largest industrial and logistics developer, owner, and operator in India by total network, backed by Blackstone Group.
- Premium-quality offerings strategically located across prime markets including fast-growing in-city locations.
- Well-positioned to capture strong tailwinds driven by India's manufacturing, consumption, and e-commerce expansion.
- Strong relationships with over 100 multinational and domestic blue-chip corporate customers.
Weaknesses
- History of consolidated net losses (₹203.65 Cr in FY26) primarily driven by substantial finance costs and depreciation expenses.
- High geographical concentration, with Delhi-NCR, Chennai, Bangalore, and Pune contributing nearly 79% of proforma operating revenues.
- Substantial indebtedness requiring significant cash flows to service (₹6,884.34 Cr in borrowings as of FY26).
- Heavy reliance on top 10 customers for a significant portion of revenue (42.60% in FY26).
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 13,495.13 | 9,851.54 | 4,993.18 |
| Revenue (₹ Cr.) | 767.84 | 439.35 | 245.52 |
| PAT (₹ Cr.) | -203.65 | -178.78 | -162.21 |
| Net Worth (₹ Cr.) | 4,676.16 | 122 | 266.95 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.19x | 0.22x | 1.94x |
| NII | 0.03x | 0.16x | 1.03x |
| S-HNI | 0.04x | 0.11x | 0.7x |
| B-HNI | 0.03x | 0.19x | 1.19x |
| RII | 0.21x | 0.46x | 1.02x |
| EMP | 0.35x | 0.71x | 1.64x |
| Total | 0.15x | 0.25x | 1.52x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 12,98,06,819 | 25,21,66,000 | 1,513 |
| NII | 6,48,86,363 | 6,66,05,000 | 399.63 |
| Small NII | 2,16,28,788 | 1,51,03,750 | 90.62 |
| Big NII | 4,32,57,576 | 5,15,01,250 | 309.01 |
| RII | 4,32,57,576 | 4,39,07,250 | 263.44 |
| EMP | 8,33,332 | 13,64,500 | 8.19 |
| Total | 23,87,84,090 | 36,40,42,750 | 2,184.26 |
Company Details
- Horizon Industrial Parks Limited
- One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai 400 013, Maharashtra, India
- +91 22 4158 1000
- complianceofficer@hiparks.com
- https://www.hiparks.com/
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- horizon.ipo@kfintech.com
- https://www.kfintech.com/
Frequently Asked Questions
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Horizon Industrial Parks IPO News & Updates
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Horizon Industrial Parks IPO IPO Pages
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Horizon Industrial Parks IPO Details
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Horizon Industrial Parks IPO GMP
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Horizon Industrial Parks IPO Subscription
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Horizon Industrial Parks IPO Allotment
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Sources
We match Horizon Industrial Parks IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.