The shares of Horizon Industrial Parks Ltd. failed to enthuse traders on listing day and dropped over 5% from its listing price and 4.8% from its issue price of Rs 60.
The stock delivered a lukewarm debut on the exchanges and listed at Rs 60.25, a 0.42% premium to the issue price; while on the BSE it listed at Rs 59.65, a 0.58% discount to the upper end of the issue price band.
As of 1:25 p.m., the shares traded 5.16 % lower at Rs 57.10 on the NSE and 4.26% lower at Rs 57.11 on the BSE.
Horizon Industrial Park IPO Details
The Rs 2,600-crore mainboard IPO was fully subscribed on the final day of bidding on Wednesday. The minimum amount of investment required by an individual investor (retail) was Rs 15,000 (250 shares) (based on upper price).
The issue includes a reservation of up to 8,33,332 shares for employees offered at a discount of Rs 5 to the issue price. JM Financial Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
Allotment for the Horizon Industrial Parks IPO was finalised on Aug 20. The company proposes to utilise IPO proceeds primarily for repaying or prepaying borrowings, while the balance may support general corporate purposes.
Horizon Industrial Parks Business And 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 |
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).
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
