Bookbuilding IPO | ₹2,600 Cr | Listing at BSE, NSE |
Horizon Industrial Parks Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 29, 2025 to raise funds through Initial Public Offer (IPO).
Horizon Industrial Parks Ltd. IPO is a Book Build Issue of ₹2,600.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Horizon Industrial Parks IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| 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) |
| Share Holding Pre Issue | 2,44,95,26,460 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Dec 29, 2025 |
| 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 |
| 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 |
|
Yes for Employee and RII/NII |
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:
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
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 | ||||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| RoNW | -16.59% |
| EBITDA Margin | 76.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.74% |
Lead Manager Reports
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.
Zerodha customers can apply online in Horizon Industrial Parks IPO using UPI as a payment gateway. Zerodha customers can apply in Horizon Industrial Parks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Horizon Industrial Parks IPO through Zerodha
Visit Zerodha 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 Zerodha, 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 .
