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Horizon Industrial Parks IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 24 Aug 2026
· updated 2 months ago
Price band
₹57 – 60
GMP
+₹1.5
Est. listing price₹61.5
Est. listing gain2.50%
Issue size₹2,600 Cr
Horizon Industrial Parks IPO Details
Open DateMon, 17 Aug 2026
Close DateWed, 19 Aug 2026
Listing DateMon, 24 Aug 2026
Listing AtBSE, NSE
Price Band₹57 – 60 per share
Lot Size250 shares
Min. Investment₹15,000
Issue Size₹2,600 Cr
Horizon Industrial Parks IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Mon, 17 Aug
IPO Closes
Wed, 19 Aug
Basis of Allotment
Thu, 20 Aug
Tentative
Refunds Initiated
Fri, 21 Aug
Tentative
Shares Credited to Demat
Fri, 21 Aug
Tentative
Listing Date
Mon, 24 Aug
Horizon Industrial Parks IPO GMP Today
All IPO GMP
GMP today
+₹1.5
Est. listing price
₹61.5
Est. gain %
2.50%
Est. profit / lot
₹375
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Horizon Industrial Parks IPO Subscription Status
As of 19 Aug, 7:00 PM
Retail (RII)
0.96x
NII / HNI
0.98x
bHNI (>₹10L)
1.13x
sHNI (₹2–10L)
0.66x
QIB
1.85x
Employees
1.42x
Total
1.45x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Horizon Industrial Parks IPO Listing Price & Gain
Issue price₹60
Listing price (NSE)₹60.25
Listing gain+0.42%
Listing-day close₹58.16 (-3.1%)
The last GMP before listing (₹1.5) pointed to about ₹61.5; the shares opened 2.1 points below that estimate. How accurate is GMP?
Horizon Industrial Parks IPO Allotment Status
The registrar for this IPO is KFin Technologies. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Horizon Industrial Parks IPO Lot Size & Minimum Investment
At upper price band of ₹60| 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 |
Horizon Industrial Parks IPO analysis: what the numbers say
The ₹2,600 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 88.74% to 75.4% after the issue.
Revenue rose from ₹245.52 Cr in FY24 to ₹767.84 Cr in FY26, a compound annual growth of 76.8%. The company reported a loss of ₹203.65 Cr in FY26. Borrowings were 1.47 times net worth at the end of FY26.
The issue closed subscribed 1.45x overall (QIB 1.85x, NII 0.98x and retail 0.96x). Horizon Industrial Parks listed at ₹60.25 on 24 Aug 2026, +0.4% against the issue price of ₹60. The last GMP before listing had pointed to about ₹61.5, so it opened 2.1 points below the grey market estimate. It closed the first day at ₹58.16 (-3.1%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Horizon Industrial Parks IPO Issue Structure
Fresh issue ₹2,600 Cr (100%)
Offer for sale — (0%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)88.74%
Promoter holding (post)75.4%
- Promoters
- BREP Asia II EIP Holding (NQ) Pte. Ltd, Brep ASIA II Indian Holdings Co.VI (NQ) Pte. Ltd, BREP Asia III India Holdings Co.III Pte. Ltd
- Book running lead managers
- JM Financial Ltd.
Objects of the Horizon Industrial Parks IPO
- Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subsidiaries of the Company, namely Bagur Logistics Park Pvt.Ltd., Embassy Industrial Park Hosur Pvt.Ltd., Farukhnagar Logistics Parks LLP, FRK II Industrial Park Pvt.Ltd., Goodluck Buildtech Pvt.Ltd., ILV Distripark Pvt.Ltd., ILV Distripark (MWC) Pvt.Ltd., Jindpur Industrial Park Pvt.Ltd., Kalina Warehousing Pvt.Ltd., Lakshmi. ~ Rs. 2,250 Cr.
- General Corporate Purposes.
Horizon Industrial Parks IPO Strengths & Risks
Strengths
- Largest player with top-notch products strategically positioned throughout desirable regions, including in-city sites with a fully integrated platform.
- Well-positioned to profit from robust industry tailwinds: India's manufacturing, consumption, and e-commerce tailwinds are the foundation of its business.
- Strong client relationships are evidence of the company’s capacity to lease and actively manage its assets while offering the clients a full business environment, not just real estate solutions.
- Shown technical and engineering skills that make it possible to carry out challenging industrial projects.
Risks
- A significant portion of the company’s assets (about 66% of the Total Network by size) were acquired from Promoters and other sellers only in Fiscal 2025 and 2026.
- The company reported restated consolidated losses of ₹2,036.49 million (Fiscal 2026), ₹1,787.81 million (Fiscal 2025) and ₹1,622.10 million (Fiscal 2024). On a pro forma basis, the losses were ₹1,908.20 million, ₹2,394.27 million and ₹2,750.70 million respectively. Losses were mainly driven by high finance costs and depreciation & amortisation expenses arising from the capital-intensive nature of the business.
- The Development Network of 30.03 msf (≈51% of Total Network) includes Near Term Deliveries and Planned Projects. These projects are exposed to construction delays, rising material and labour costs, regulatory/permitting hurdles, tenant-driven design changes, market shifts and financing constraints. Such factors can cause time and cost overruns and adversely affect business, financial condition, operations and cash flows.
- Up to ₹22,500 million of the Net Proceeds will be used to repay/prepay outstanding borrowings of the Company and identified subsidiaries. Total borrowings stood at ≈₹68,843 million as of 31 March 2026. Any change in the utilisation of Net Proceeds requires shareholders’ approval. The company still carries substantial debt that requires significant cash flows for servicing and restricts operational flexibility.
Horizon Industrial Parks Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 245.52 | 439.35 | 767.84 |
| Profit after tax | -162.21 | -178.78 | -203.65 |
| Net worth | 266.95 | 122 | 4,676.16 |
| Total assets | 4,993.18 | 9,851.54 | 13,495.13 |
| Total borrowings | 3,688.21 | 7,009.11 | 6,884.34 |
| PAT margin | -66.07% | -40.69% | -26.52% |
Horizon Industrial Parks Key Performance Indicators (KPIs)
RoNW-4.23%
About Horizon Industrial Parks IPO
Horizon Industrial Parks is a mainboard IPO worth ₹2,600 crore with a price band of ₹57 – 60 per share. The issue opens on 17 August 2026 and closes on 19 August 2026. Shares are expected to list on 24 August 2026 on BSE, NSE.
Horizon Industrial Parks IPO is a Mainboard IPO with an issue size of Rs. 2,600 Cr by Horizon Industrial Parks Limited, which, according to JLL research, is the biggest developer, owner, and operator of industrial and logistics infrastructure in India by total network, supported by Blackstone Group.
The company has 45 logistical and industrial assets totaling 58.01 million square feet (msf) spread across ten major Indian cities as of the DRHP date.
Significant, contemporary warehouses and industrial facilities are developed by the company and leased to significant corporations. Among its primary asset categories are:
Fulfillment Centers (Warehousing): As of November 30, 2025, 15.55 msf (58%) of operational space was utilized by e-commerce, FMCG, retail, and logistics firms.
Industrial Facilities: As of November 30, 2025, 10.36 msf (39%) of the operational area was utilized for manufacturing, EVs, renewable energy, electronics, automobiles, etc.
In-City Centers: For last-mile delivery, these locations are near customers.
This new IPO is to be launched on 17 Aug 2026, and its ‘initial public offering’ will end on 19 Aug 2026.
Horizon Industrial Parks IPO: FAQs
What is the subscription status of Horizon Industrial Parks IPO?
The issue closed subscribed 1.45x overall (QIB 1.85x, NII 0.98x and retail 0.96x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Horizon Industrial Parks IPO?
Horizon Industrial Parks listed at ₹60.25 on 24 Aug 2026, +0.4% against the issue price of ₹60. The last GMP before listing had pointed to about ₹61.5, so it opened 2.1 points below the grey market estimate. It closed the first day at ₹58.16 (-3.1%).
What is the price band of Horizon Industrial Parks IPO?
The Horizon Industrial Parks IPO price band is ₹57 – 60 per share and the issue size is ₹2,600 crore.
What is the lot size and minimum investment for Horizon Industrial Parks IPO?
One lot of Horizon Industrial Parks IPO has 250 shares. The minimum application for retail investors is 1 lot (250 shares), which costs ₹15,000 at the upper price band.
When does Horizon Industrial Parks IPO open and close?
Horizon Industrial Parks IPO opens for subscription on Monday, 17 August 2026 and closes on Wednesday, 19 August 2026. Bids are accepted until 5 PM on the closing day.
What is the Horizon Industrial Parks IPO allotment date?
The basis of allotment for Horizon Industrial Parks IPO is expected to have been finalised on Thursday, 20 August 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Horizon Industrial Parks IPO allotment status?
Visit the website of the registrar, KFin Technologies, select Horizon Industrial Parks IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Horizon Industrial Parks IPO listing date?
Horizon Industrial Parks shares listed on BSE, NSE on Monday, 24 August 2026 at ₹60.25 per share.
Is Horizon Industrial Parks a mainboard or SME IPO?
Horizon Industrial Parks is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:55 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.