Minimum Investment
About Company
Company Name: Horizon Industrial Parks Limited
Industry / Sector: Industrial & Logistics Infrastructure / Warehousing
Founded Year: 2009
Promoters: BREP Asia II EIP Holding (NQ) Pte. Ltd., BREP Asia II Indian Holding Co. VI (NQ) Pte. Ltd., BREP Asia III India Holding Co. III Pte. Ltd.
Horizon Industrial Parks is a Blackstone-backed industrial and logistics infrastructure platform engaged in developing, owning, leasing and operating Grade-A industrial and logistics assets across India. Its portfolio includes fulfilment centres, industrial facilities and in-city logistics centres serving customers across e-commerce, FMCG, retail, third-party logistics, manufacturing, automotive, renewable energy and other sectors.
IPO Basic Details
| Company Name | Horizon Industrial Parks Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹57 – ₹60 |
| Lot Size | 250 Shares |
| Total Issue Size | Approx. ₹2,600 Cr |
IPO Strengths & Risks
Strengths
- Blackstone-backed industrial and logistics platform
- Large pan-India network of industrial and logistics assets
- Approximately 58.01 million sq. ft. network
- 45 assets across 10 cities
- Diversified customer base across e-commerce, FMCG, retail, 3PL, manufacturing and automotive sectors
- Strategically located Grade-A assets in major Indian consumption and manufacturing markets
- Integrated development, acquisition, leasing and asset-management capabilities
- Experienced management and institutional backing
Risks
- High level of borrowings and finance costs
- Company has reported consolidated net losses in recent financial years
- Large capital requirements for development and expansion
- Interest-rate and refinancing risk
- Dependence on industrial, logistics and warehousing demand
- Occupancy and lease-renewal risks
- Real-estate and infrastructure market cyclicality
- Execution risk associated with new developments and acquisitions
- Customer concentration and dependence on continued leasing demand
- Regulatory and environmental compliance risks
IPO Important Dates
| IPO Open Date | 17 Aug 2026 |
| IPO Close Date | 19 Aug 2026 |
| Basis of Allotment | 20 Aug 2026 |
| Refund Initiation | 21 Aug 2026 |
| Demat Credit Date | 21 Aug 2026 |
| Listing Date | 24 Aug 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – ₹2,250 Cr
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 75% of Net Issue |
| Retail Quota | 10% of Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 250 | ₹15,000 |
| Retail Maximum | 13 Lots | 3,250 | ₹1,95,000 |
| S-HNI Minimum | 14 Lots | 3,500 | ₹2,10,000 |
| S-HNI Maximum | 66 Lots | 16,500 | ₹9,90,000 |
| B-HNI Minimum | 67 Lots | 16,750 | ₹10,05,000 |
Key Performance Indicators (KPI)
| ROE | Not meaningful due to negative PAT |
| ROCE | Not independently verified |
| RoNW | -16.59% (Mar 2025) |
| PAT Margin | -32.06% (Mar 2025) |
| EBITDA Margin | 76.91% (Mar 2025) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | Approx. 7.19x (Mar 2025) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2026 (30 Jun 2025) | ₹7,779.32 Cr | ₹135.20 Cr | -₹57.65 Cr | ₹99.52 Cr | ₹786.81 Cr | ₹5,471.61 Cr |
| FY2025 (31 Mar 2025) | ₹7,360.03 Cr | ₹404.12 Cr | -₹129.57 Cr | ₹310.82 Cr | ₹731.21 Cr | ₹5,254.85 Cr |
| FY2024 (31 Mar 2024) | ₹4,290.27 Cr | ₹249.64 Cr | -₹138.97 Cr | ₹157.98 Cr | ₹293.24 Cr | ₹3,284.08 Cr |
| FY2023 (31 Mar 2023) | ₹3,174.88 Cr | ₹171.15 Cr | -₹151.27 Cr | ₹40.34 Cr | ₹441.51 Cr | ₹2,322.83 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Aug 2026 |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: KFin Technologies Limited
Registrar Website: https://ipostatus.kfintech.com/
IPO Lead Manager(s)
Company Information
Address: One World Centre, Unit No. 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra - 400013
Website: https://www.hiparks.com/
Email: complianceofficer@hiparks.com
Phone: +91 22 4158 1000
IPO Documents
Frequently Asked Questions (FAQ)
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