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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹2,600 Cr)
  • Fresh Issue
    [.] shares (agg. up to ₹2,600 Cr)
  • Offer for Sale
    2,44,95,26,460 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Dec 29, 2025
SEBI/Exchange approval received Tue, May 5, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII Shares Offered Not more than 15% of the Net Issue

Investor Category Reservations

Application Category Maximum Bidding Limits Bidding at Cut-off Price Allowed
Only RII Up to Rs 2 Lakhs Yes
Only sNII Rs 2 Lakhs to Rs 10 Lakhs No
Only bNII Rs 10 Lakhs to NII Reservation Portion No
Only employee Yes
Employee + RII/NII
  • Employee limit: (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)
  • If applying as RII: Upto Rs. 2 lakhs
  • If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs
Yes for Employee and RII/NII

About Horizon Industrial Parks Ltd.

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:

  1. Fulfillment Centers (Warehousing): Used by e-commerce, FMCG, retail, and logistics companies, 15.55 msf (58%) of operational area as of Nov 30, 2025.
  2. Industrial Facilities: Used for manufacturing, EVs, renewables, electronics, auto, etc, 10.36 msf (39%) of operational area as of Nov 30, 2025.
  3. 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.

Customers: As of Nov 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. Our scale, technical capabilities, network of strategically located sites, and full-service offerings allow us 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; Our business is derivative of India’s manufacturing, consumption, and e-commerce tailwinds.
  • Strong customer relationship – A testament to our ability to lease and actively manage our assets with the ability to provide a comprehensive business ecosystem to our 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.

Company Financials (Restated Consolidated)

Horizon Industrial Parks Ltd.’s revenue increased by 62% and profit after tax (PAT) rose by 7% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 7,779.32 7,360.03 4,290.27 3,174.88
Total Income 135.20 404.12 249.64 171.15
Profit After Tax -57.65 -129.57 -138.97 -151.27
EBITDA 99.52 310.82 157.98 40.34
NET Worth 786.81 731.21 293.24 441.51
Reserves and Surplus 865.80 1,081.29 135.82 78.05
Total Borrowing 5,471.61 5,254.85 3,284.08 2,322.83
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subsidiaries of our 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, Lakshmi
    2,250.00
  • 2 General corporate purposes

Key Performance Indicator (KPI)

KPI Mar 31, 2025
RoNW -16.59%
EBITDA Margin 76.91%

 

Pre IPO Post IPO
Promoter Holding 88.74%
BREP Asia II EIP Holding (NQ) Pte. Ltd., Brep ASIA II Indian Holdings Co. VI (NQ) Pte. Ltd. and BREP Asia III INdia Holdings Co. III Pte. Ltd. are the company promoters.

IPO Registrar

Kfin Technologies Ltd.

  • 04067162222, 04079611000
  • horizon.ipo@kfintech.com
  • Visit Website

IPO Lead Manager(s)

  1. JM Financial Ltd.  (Past IPO Performance)
  2. Axis Capital Ltd.  (Past IPO Performance)
  3. IIFL Capital Services Ltd.  (Past IPO Performance)
  4. SBI Capital Markets Ltd.  (Past IPO Performance)
  5. 360 One WAM Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Horizon Industrial Parks Ltd. Address
One World Centre, Unit No 1501B, Tower 1, 841
Jupiter Textile Mills, Senapati Bapat Marg,
Mumbai, Maharashtra, 400013

IPO FAQs

Horizon Industrial Parks IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹2,600 Crores. The issue is priced at To be declared. The minimum order quantity is .

The Horizon Industrial Parks IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Horizon Industrial Parks IPO using UPI as a payment gateway. Angel One customers can apply in Horizon Industrial Parks IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Horizon Industrial Parks IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Horizon Industrial Parks IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Horizon Industrial Parks IPO dates are not announced. Please check back again after some time.

Horizon Industrial Parks IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Horizon Industrial Parks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Horizon Industrial Parks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Horizon Industrial Parks IPO allotment status.

The Horizon Industrial Parks IPO listing date is not yet announced. The tentative date of listing is .

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