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Latest GMP
- Lead Manager
- JM Financial Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 17th Aug 2026
- IPO Close Date
- 19th Aug 2026
- Allotment date
- 20th Aug 2026
- Listing date
- 24th Aug 2026
- Issue Size
- ₹ 2600 Cr.
- Issue Price Band
- ₹ 57 to 60
- Lot Size
- 250 Share
- Minimum Investment
- ₹ 15000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Horizon Industrial Parks Limited
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).
Core Offerings
The company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include:
- Fulfillment Centers (Warehousing)
Used by e-commerce, FMCG, retail, and logistics companies. 15.55 msf (58%) of operational area as of November 30, 2025.
- Industrial Facilities
Used for manufacturing, EVs, renewables, electronics, auto, etc. 10.36 msf (39%) of operational area as of November 30, 2025.
- In-City Centers
Located close to consumers for last-mile delivery. Used for dark stores, pharma, cloud kitchens, retail, and service. Total pipeline of 6.31 msf across 7 cities.
Additionally, it also offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, skill development centers, etc.
Customer Base
As of November 30, 2025, the company has served over 100 customers across key sectors, including e-commerce, retail, fast-moving consumer goods (FMCG), renewable energy, auto-ancillary, and manufacturing. Its scale, technical capabilities, network of strategically located sites, and full-service offerings allow it to partner with both multinational corporations (MNCs).
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; business is derivative of India’s manufacturing, consumption, and e-commerce tailwinds
- Strong customer relationship — a testament to the ability to lease and actively manage assets with the ability to provide a comprehensive business ecosystem to customers, not just real estate solutions
- 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 14-08-2026 | ₹60 | ₹4.5 | ₹64.5 ( 7.50% ) | ₹1,125.00 | 14-Aug-2026 11:08 AM |
Financials of Horizon Industrial Parks Limited
A quick overview of the key financial performance of Horizon Industrial Parks Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 77%, Total Assets increased by 37% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 228.86 | 390.29 | 691.38 |
| Assets | 4,993.18 | 9,851.54 | 13,495.13 |
| Total Income | 245.52 | 439.35 | 767.84 |
| Profit After Tax | -162.21 | -178.78 | -203.65 |
| EBITDA | 151.51 | 339.12 | 607.80 |
| Net Worth | 266.95 | 122.00 | 4,676.16 |
| Reserves & Surplus | 109.54 | 472.08 | 3,214.54 |
| Total Borrowings | 3,688.21 | 7,009.11 | 6,884.34 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| Debt / Equity | 1.18 |
| RoNW (%) | -4.23 |
| EBITDA Margin (%) | 79.16 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
-1.18
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
88.74
-
|
IPO Lead Manager(s)
Lead Manager Details
- JM Financial Limited
- Contact Person: Prachee Dhuri
- SEBI Registration Number: INM000010361
- Investor Grievance Email: grievance.ibd@jmfl.com
- Website: https://www.jmfl.com
- Email: horizon.ipo@jmfl.com
- Phone: +91 22 6630 3030
- Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- Axis Capital Limited
- Contact Person: Sagar Jatakiya / Devika Kanani
- SEBI Registration Number: INM000012029
- Investor Grievance Email: complaints@axiscap.in
- Website: https://www.axiscapital.co.in
- Email: horizonindustrialparks.ipo@axiscap.in
- Phone: +91 22 4325 2183
- Address: 1st Floor, Axis House, Pandurang Budhkar Marg, Worli, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
- Contact Person: Gaurav Mittal / Pawan Kumar Jain
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcap.com
- Email: horizon.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India
Lead Manager Details
- SBI Capital Markets Limited
- Contact Person: Krithika Shetty / Sylvia Mendonca
- SEBI Registration Number: INM000003531
- Investor Grievance Email: investor.relations@sbicaps.com
- Website: https://www.sbicaps.com
- Email: horizon.ipo@sbicaps.com
- Phone: +91 22 4006 9807
- Address: 1501, 15th Floor, A & B Wing, Parinee Crescenzo, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051, Maharashtra, India
Lead Manager Details
- 360 ONE WAM Limited
- Contact Person: Devesh Patkar
- SEBI Registration Number: INM000012801
- Investor Grievance Email: mbinvestorcomplaints@360.one
- Website: https://www.360.one
- Email: horizonindustrial.ipo@360.one
- Phone: +91 22 4031 7000
- Address: 360 ONE Centre, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- horizon.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Horizon Industrial Parks Limited
- Phone
- +91 22 4158 1000
- Contact Person
- Shraddha Poddar
- Corporate Identity Number
- U60231MH2009PLC222156
- Address
- One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai 400 013, Maharashtra, India
- Website
- https://www.hiparks.com/
Horizon Industrial Parks Limited FAQs
