Horizon Industrial Parks initial public offering (IPO) opened for subscription today, Aug. 17, aiming to raise Rs 2,600 crore via an entirely fresh issue. Ahead of the launch, the IPO's grey market premium indicates potential listing gains of nearly 6%.
Here are the key details investors should know about the IPO, including the GMP, price band, issue size, allotment date and listing schedule.
Horizon Industrial Parks IPO GMP
As per the latest GMP, investors are likely to see 5.8% listing gains on the market debut of Horizon Industrial Parks IPO. The current GMP stands at Rs 3.5 as of Aug. 17 at 10:00 a.m, while the upper price band is Rs 60. This means that the listing price is likely to be Rs 63.5 (cap price + today's GMP), indicating 5.83% gains.
Note: GMP does not represent official data and is based on speculation.
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Horizon Industrial Parks IPO Details
Horizon Industrial Parks IPO is a book build issue of Rs 2,600 crore. It is an entirely fresh issue of 43.34 crore shares.
- Opening date: Aug. 17
- Closing date: Aug. 19
- Price band: Rs 57 to Rs 60 per share
Retail investors need a minimum of Rs 15,000 (at upper price end) to buy one lot of 250 shares. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
The IPO has been subscribed 0.02 times so far on Monday, as per BSE data as of 11:00 a.m.
Horizon Industrial Parks IPO Allotment and Listing
The allotment for the Horizon Industrial Parks IPO is expected to be finalised on Aug 20. Horizon Industrial Parks IPO will list on NSE and BSE with a tentative listing date fixed as Aug 24.
Horizon Industrial Parks IPO: Use of Proceeds
The company proposes to utilise IPO proceeds primarily for repaying or prepaying borrowings, while the balance may support general corporate purposes.
Horizon Industrial Parks Financials
| Period Ended | FY26 | FY25 |
| Total Income | Rs 767.84 crore | Rs 439.35 crore |
| Profit After Tax | Loss of Rs 203.65 crore | Loss of Rs 178.78 crore |
| EBITDA | Rs 607.8 crore | Rs 339.12 crore |
About Horizon Industrial Parks
Incorporated in 2009 and backed by Blackstone Group, Horizon Industrial Parks 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 owned 45 logistics and industrial assets across 10 major Indian cities, spanning 58.01 million square feet (msf).
Disclaimer: Investments in IPOs are subject to market risks. Investors should read the red herring prospectus carefully and consult a financial adviser before making investment decisions.
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