Horizon Industrial Parks
OPENIPO Date: 17 Aug - 19 Aug 2026
Listing Date: 24 Aug 2026
Price Range
₹57 to ₹60
Issue Size
2600 Cr
Min Investment
₹14,250
Lot Size
250 Shares
Schedule of Horizon Industrial Parks
Issue open date
17 Aug 2026
Issue close date
19 Aug 2026
UPI mandate deadline
19 Aug 2026 (5 PM)
Allotment finalization
20 Aug 2026
Share credit
21 Aug 2026
Listing date
24 Aug 2026
Mandate end date
3 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 2600 Cr |
| Fresh Issue | 43.34 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 20 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 17 Aug 2026 | ₹60 | ₹2 | ₹62 (2.5%) |
| 16 Aug 2026 | ₹60 | ₹3 | ₹63 (5.83%) |
| 15 Aug 2026 | ₹60 | ₹4 | ₹64 (6.67%) |
| 14 Aug 2026 | ₹60 | ₹4 | ₹64 (6.67%) |
| 13 Aug 2026 | ₹60 | ₹5 | ₹65 (7.5%) |
| 12 Aug 2026 | ₹60 | ₹0 | ₹60 (0%) |
Performance Horizon Industrial Parks
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹57 to ₹60 | .... | .... | .... |
About Horizon Industrial Parks
Horizon Industrial Parks Limited is an India-focused industrial and logistics infrastructure developer, owner and operator backed by Blackstone. The company develops and manages Grade-A fulfilment centres, industrial facilities and in-city logistics assets across major industrial and consumption markets. Its integrated model covers land acquisition, development, ownership, leasing and active asset management, while also providing customised solutions such as cold storage, plug-and-play facilities and energy infrastructure. As of December 2025, Horizon had around 58 million sq. ft. of leasable area across 45 assets in 10 markets, serving more than 100 customers.
| Founded in | 2009 |
| Managing director | Urvish Jayantilal Rambhia |
| Parent organization | Blackstone |
Financial Overview
Strengths
- Strong Blackstone backing: Access to Blackstone’s global real-estate expertise, capital base and institutional network provides a significant competitive advantage.
- Large pan-India platform: Approximately 58 million sq. ft. of leasable area across 45 parks in 10 key markets gives Horizon substantial scale.
- Diversified customer base: More than 100 customers across e-commerce, manufacturing, retail, FMCG, automotive and logistics reduce dependence on a single industry.
- Integrated business model: Combining development, ownership and asset management allows the company to provide customised, end-to-end industrial and logistics solutions.
Risks
- High capital and debt requirements: Industrial park development requires substantial upfront investment, and the proposed IPO included ₹2,250 crore for repayment/prepayment of borrowings, indicating meaningful leverage.
- Real-estate and economic sensitivity: Demand for industrial and logistics space can be affected by economic cycles, manufacturing activity, e-commerce growth and corporate capital expenditure.
- Interest-rate risk: As a capital-intensive infrastructure business, higher borrowing costs can pressure profitability and cash flows.
- Execution and concentration risk: Rapid expansion across multiple cities requires significant execution, regulatory approvals and tenant acquisition; delays in development or leasing could affect returns.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.19 |
| Non-Institutional Investors (NIIs) | 0.02 |
| Retail Individual Investors (RIIs) | 0.19 |
| Employee | 0.3 |
| Total | 0.14 |