Summary
Horizon Industrial Parks IPO is a ₹2,600 crore fresh issue, opening for subscription from 17 to 19 August 2026.
The company develops, owns and operates industrial, logistics and in-city facilities across major Indian markets.
Its strong operating margins and debt reduction support the IPO, but persistent losses and negative returns warrant caution.
Horizon Industrial Parks IPO is a book-built issue of ₹2,600.00 crores, entirely comprising a fresh issue of 43.34 crore shares.
Horizon Industrial Parks IPO opens for subscription on 17 August 2026 and closes on 19 August 2026. The share allotment is expected on 20 August 2026. The Horizon Industrial Parks IPO shares will be listed on both NSE and BSE, with the listing date fixed as 24 August 2026.
Horizon Industrial Parks IPO is set to be issued at a price band of ₹57/share to ₹60/share. The lot size for an application is 250 shares. For individual investors (retail), the minimum amount of investment required is ₹15,000 (250 shares), based on the upper price.
Horizon Industrial Parks IPO–Key Details
The key details of the Horizon Industrial Parks IPO are discussed below:
| IPO Open | 17 August 2026 |
| IPO Close | 19 August 2026 |
| Face value | ₹10/share |
| Price Band | ₹57/share to ₹60/share |
| Issue price | – |
| IPO Lot Size | 250 shares |
| Offer-for-sale | – |
| Fresh issue | 43,34,09,090 shares (₹2,600 crore) |
| Issue Type | Book-built/Mainboard |
| Listing | BSE & NSE |
| Total Issue Size (₹ Crore) | ₹2,600 crore (43,34,09,090 shares) |
| Minimum Investment (Retail) | ₹15,000 (250 shares x upper price) |
Horizon Industrial Parks IPO–Timeline
Here is the complete Horizon Industrial Parks IPO schedule:
| Bid Open Date | 17 August 2026 |
| Bid Close Date | 19 August 2026 |
| Allotment | 20 August 2026 |
| Refunds Initiated | 21 August 2026 |
| Share Credit Date | 21 August 2026 |
| Listing | 24 August 2026 |
| UPI mandate Cut-off time | 19 August 2026 |
Horizon Industrial Parks Limited–Key Performance Indicators (KPIs)
The following KPIs of Horizon Industrial Parks Limited highlight its financial performance and efficiency:
| KPIs | 2026 | 2025 | 2024 |
| ROE (%) | – | – | – |
| ROCE (%) | – | – | – |
| Debt-Equity Ratio (in times) | 1.10 | 6.68 | 5.46 |
| RoNW (%) | (4.23) | (136.35) | (59.46) |
| PAT Margin (%) | – | – | – |
| EBITDA Margin (%) | 79.16 | 77.19 | 61.71 |
| Price-Book Value | 2.15 | – | – |
Horizon Industrial Parks Limited–Financial Information
| 2026 | 2025 | 2024 | |
| Revenue | 691.38 | 390.29 | 228.86 |
| Assets | 13,495.13 | 9,851.54 | 4,993.18 |
| Profit/Loss After Tax | (203.65) | (178.78) | (162.21) |
Horizon Industrial Parks IPO–Subscription Status
Subscription status not available!
To be updated once bidding opens.
You can apply between 10:00 AM and 5:00 PM on the issue days.
Horizon Industrial Parks IPO–Grey Premium Market (GMP)
Horizon Industrial Parks IPO GMP has been trading for the last two sessions. With limited trading data available, it is too early to identify a clear trend.
| Date | GMP (₹) | Est. Listing Price | Est. Listing Profit | Trend | Latest Updated |
| 13 August 2026 | ₹0.00 | ₹60.00(0.00%) | ₹0.00 | – | 13/08/2026 (8:35 AM) |
| 12 August 2026 | ₹0.00 | ₹60.00(0.00%) | ₹0.00 | – | 14/07/2026 (11:35 PM) |
Note: GMP is an unofficial indicator that may change with market movements, conditions and investor interest.
Horizon Industrial Parks IPO–Reservation
Horizon Industrial Parks IPO has allocated shares across the following investor categories:
Horizon Industrial Parks IPO–Lot Size
The IPO lot size and investment details are as follows:
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 1 | 250 | ₹15,000 |
| Retail Maximum Application | 13 | 3,250 | ₹1,95,000 |
| S-HNI Minimum Application | 14 | 3,500 | ₹2,10,000 |
| S-HNI Maximum Application | 66 | 16,500 | ₹9,90,000 |
| B-HNI Minimum Application | 67 | 16,750 | ₹10,05,000 |
Horizon Industrial Parks IPO–Anchor Investors Details
The following table outlines the Horizon Industrial Parks IPO anchor investor details:
| Bidding opens on | 14 August 2026 |
Horizon Industrial Parks IPO–Prospectus
The official offer documents provide further details on the IPO:
About Horizon Industrial Parks Limited
Incorporation: 22 September 2009
Whole-time Director and Chief Executive Officer: Urvish Jayantilal Rambhia
Horizon Industrial Parks Limited is an industrial and logistics infrastructure developer, owner and operator in India. Its pan-India network comprises 45 assets across 10 major industrial and consumption hubs, covering 58.58 million square feet as of the RHP date.
The core offerings by the company include:
- Fulfilment Centres: Grade A warehouses providing bulk storage solutions for e-commerce, third-party logistics, FMCG and retail businesses.
- Industrial Facilities: Facilities supporting assembly, manufacturing and storage across sectors such as automotive, electronics, renewable energy and aerospace.
- In-City Centres: Multi-use facilities near dense residential areas supporting last-mile delivery, micro-fulfilment, retail, cold storage and other consumer-focused operations.
| Name | |
| Book Running Lead Manager (BRLM) | JM Financial Ltd |
| Axis Capital Ltd | |
| IIFL Capital Services Ltd | |
| SBI Capital Markets Ltd | |
| 360 ONE WAM Ltd | |
| Registrar | KFin Technologies Limited |
Objectives of Horizon Industrial Parks Limited
The company will use the IPO proceeds for the following purposes:
| Particulars | Amount (in ₹ crore) |
| Repayment of borrowings | 2,250.00 |
| Corporate purpose | – |
Horizon Industrial Parks Limited–Strengths
- Strategic Market Presence: With 58.58 msf across 45 assets, the company is the market leader in industrial and logistics infrastructure in India.
- Strong Industry Positioning: Its 118 customers span e-commerce, q-commerce, logistics, FMCG, retail, auto-ancillary, renewables and other manufacturing segments.
- Integrated Customer Solutions: The company offers an integrated business ecosystem, with 54.05% of its committed Operational Network contracted to Fortune 500 companies.
- Proven Execution Capabilities: Its Grade A+ facilities incorporate advanced specifications, while its network was built through acquisitions and developments across major Indian logistics hubs.
Horizon Industrial Parks Limited–Risks
- Recent Acquisitions: A significant portion of the company’s assets were acquired recently and future acquisitions may affect its financial performance and results.
- Recurring Losses: The company reported losses in FY2026, FY2025 and FY2024, primarily due to high finance costs and depreciation and amortisation expenses.
- Development Risks: Any delays or rising costs across the development network could result in time and cost overruns, which can affect operations, cash flows and financial performance.
- High Borrowings: The company has high debt, which may increase finance costs and cash-flow pressure, although the IPO proceeds are proposed to repay ₹2,250 crore of borrowings.
Horizon Industrial Parks IPO–Review
Horizon Industrial Parks reflects a strong operating platform, diversified asset portfolio and healthy EBITDA margins, which support its long-term growth prospects.
However, the continued losses, negative returns and high borrowings are key concerns. While the proposed debt repayment may improve the balance sheet, the flat GMP indicates limited grey-market interest.
Overall, investors should evaluate the growth prospects of the company alongside its profitability and leverage before subscribing.
Other Recent IPO List
Here is a list of more open and upcoming IPOs in India 2026:
| Shankesh Jewellers IPO | Q&T Foods IPO |
| Skytech Infinite Platform IPO | Behari Lal Engineering IPO |
| ENS Enterprises IPO | Fascinate Textiles IPO |
| Credent Connect N Care IPO | Shiprocket IPO |
Horizon Industrial Parks IPO FAQs
Horizon Industrial Parks IPO is a ₹2,600 crore mainboard book-built issue comprising a fresh issue of 43.34 crore shares.
Investors can apply through their brokers or supported online IPO platforms using UPI during the subscription period from 17 to 19 August 2026.
The Horizon Industrial Parks IPO offers growth potential through its large industrial and logistics network, but losses, negative returns and borrowings remain key factors for investors to consider.
While the expected returns cannot be assured, the current GMP indicates no premium over the upper issue price. This suggests limited grey-market expectations at present.
The Horizon Industrial Parks IPO will open for subscription on 17 August 2026 and close on 19 August 2026.
The Horizon Industrial Parks IPO lot size is 250 shares, requiring a minimum retail investment of ₹15,000 at the upper price band.
The Horizon Industrial Parks IPO allotment is expected on 20 August 2026, following the closure of the subscription period on 19 August 2026.
Horizon Industrial Parks IPO shares are scheduled to list on both NSE and BSE on 24 August 2026.
