India’s largest industrial and logistics developer, Horizon Industrial Parks, announces its Rs 2,600 crore IPO, aiming to raise funds for debt reduction while expanding its network in the fast-growing sector.
Horizon Industrial Parks will open its Rs 2,600 crore initial public offering on Monday, August 17, with the issue set to close on August 19, according to Zee Business. The real estate and logistics developer has fixed a price band of Rs 57 to Rs 60 per share and a lot size of 250 shares, putting the minimum retail application at Rs 15,000 at the top end of the band.
The offer is entirely a fresh issue of 43.34 crore shares, with no offer for sale component, and the company plans to list on both the BSE and NSE. JM Financial is the book-running lead manager, while KFin Technologies is the registrar. The tentative allotment date is August 20, with refunds and share credit expected on August 21 before the planned listing on August 24, Zee Business reported.
According to the company’s draft papers and related market summaries, Horizon Industrial Parks is backed by Blackstone Group and describes itself as India’s largest industrial and logistics infrastructure developer, owner and operator by network size. It held 45 logistics and industrial assets across 10 major Indian cities as of the DRHP date, covering 58.01 million square feet. Other IPO trackers say the company serves sectors including e-commerce, fast-moving consumer goods and manufacturing.
The company intends to use most of the proceeds to cut debt, including about Rs 2,250 crore for repayment or prepayment of borrowings at the company and certain wholly owned subsidiaries. The remainder will go towards general corporate purposes. Financially, the business has expanded rapidly: total income rose to Rs 767.84 crore in FY26 from Rs 439.35 crore a year earlier, while EBITDA increased to Rs 607.80 crore. But it remained in the red, posting a loss after tax of Rs 203.65 crore in FY26, wider than the Rs 178.78 crore loss in FY25, according to the figures published with the issue details.
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