Horizon Industrial Parks made its stock market debut on Monday, August 24, 2026, with its shares listing flat at a 0.42% premium on the NSE. The stock opened at ₹60.25 apiece on the NSE against its IPO issue price of ₹60 per share. On the BSE, the shares debuted at ₹59.65 per share, representing a discount of 0.58% to its issue price.

The company’s ₹2,600.00 crore IPO was open for subscription from August 17 to August 19, 2026. The issue was subscribed 1.45 times by the end of the bidding period.

Horizon Industrial Parks IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹2,600.00 crore
Fresh Issue: Up to ₹2,600.00 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹57 to ₹60 per share
Lot Size: 250 shares
Minimum Investment Amount (Retail Investor): ₹15,00060 (250 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited, SBI Capital Markets Limited, 360 ONE WAM Limited
Registrar: KFin Technologies Limited

Horizon Industrial Parks Mart IPO Overall Subscription Status

[August 19, 2026, 7:00 P.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	1.85x
Non-Institutional Investors (NIIs)	0.98x
Retail Individual Investors (RIIs)	0.96x
Total	1.45x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and or in part or full, of certain borrowings availed by

Horizon Industrial Parks Limited
Certain wholly owned subsidiaries of the company, namely Bagur Logistics Park Private Limited, Embassy Industrial Park Hosur Private Limited, Farukhnagar Logistics Parks LLP, FRK II Industrial Park Private Limited, Goodluck Buildtech Private Limited, ILV Distripark Private Limited, ILV Distripark (MWC) Private Limited, Jindpur Industrial Park Private Limited, Kalina Warehousing Private Limited, Lakshmipathi Realtors Private Limited, LI Industrial Parks Private Limited, Malur Logistics and Industrial Parks Private Limited, Panvel Warehousing Private Limited, Patencheru Industrial Park Private Limited, Redhills Industrial Park Private Limited and Vertical Logistic Park LLP, through investment in such subsidiaries

General corporate purposes

About Horizon Industrial Parks Limited

Incorporated in 2009, Horizon Industrial Parks is an Indian industrial and logistics infrastructure platform backed by the Blackstone Group. As of the DRHP date, the company owned 45 assets across 10 major cities, with a total portfolio of 58.01 million square feet. Its properties include fulfilment centres, industrial parks, and in city logistics centres serving sectors such as e commerce, FMCG, retail, manufacturing, automotive, and renewable energy.

In addition to warehousing infrastructure, the company provides integrated solutions including turnkey development, solar power, cold storage, staff accommodation, and skill development centres. As of November 30, 2025, Horizon Industrial Parks served over 100 customers, including several multinational companies, through its strategically located assets and end to end logistics infrastructure services.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	691.38	390.29	228.86
EBITDA	607.80	339.12	151.51
Profit After Tax (PAT)	(203.65)	(178.78)	(162.21)