The Horizon Industrial Parks IPO has opened for subscription today, August 17, 2026.
The ₹2,600 crore issue will remain open until August 19.
On the first day of bidding, the response has been slow so far. According to NSE data, as of 12:22 PM, the IPO was subscribed 0.02 times, with bids received for 58.17 lakh shares against 25.14 crore shares on offer.
Horizon Industrial Parks IPO Day 1 Subscription Status
The retail category has received the strongest response so far.
Retail Investors: 0.11 times subscribed
Non-Institutional Investors: 0.01 times subscribed
Employees: 0.14 times subscribed
Qualified Institutional Buyers: No subscription received so far
Overall, investors had bid for 58.17 lakh shares against the 25.14 crore shares available for the issue.
The IPO is still open for two more days, so the subscription figures could change significantly before the closing date.
What Are the Key IPO Details?
Horizon Industrial Parks’ IPO is a book-building issue and consists entirely of a fresh issue of 43.34 crore shares.
The price band has been fixed at ₹57 to ₹60 per share, while the lot size is 250 shares.
At the upper price of ₹60, retail investors will need a minimum of ₹15,000 to apply for one lot.
The shares are expected to be listed on both the BSE and NSE.
Horizon Industrial Parks IPO Timeline
IPO size: ₹2,600 crore
Subscription period: August 17 to August 19, 2026
Price band: ₹57 to ₹60 per share
Face value: ₹10 per share
Lot size: 250 shares
Minimum retail investment: ₹15,000
Issue type: Book-building
Issue: Fresh issue only
Tentative allotment: August 20
Tentative listing: August 24
Employee discount: ₹5 per share
Where Will the IPO Money Be Used?
A major portion of the money raised through the IPO will be used to reduce the company’s debt.
Horizon Industrial Parks plans to use around ₹2,250 crore to repay or prepay certain borrowings. These include loans taken by the company and some of its wholly owned subsidiaries.
The remaining funds will be used for general corporate purposes.
How Is the Company Performing Financially?
Horizon Industrial Parks recorded strong growth in revenue during FY26.
Its total income increased to ₹767.84 crore in FY26, compared with ₹439.35 crore in FY25.
However, the company continued to report a loss. Its loss after tax stood at ₹203.65 crore in FY26, compared with ₹178.78 crore in FY25.
At the same time, EBITDA increased considerably to ₹607.80 crore, up from ₹339.12 crore a year earlier.
What Does Horizon Industrial Parks Do?
Horizon Industrial Parks was incorporated in 2009 and is backed by Blackstone Group.
According to a JLL report cited in the company’s DRHP, the company is India’s largest industrial and logistics infrastructure developer, owner and operator based on its total network.
As of the DRHP date, the company owned 45 industrial and logistics assets across 10 major Indian cities.
Together, these assets covered around 58.01 million square feet.
IPO Reservation and Important Names
Under the IPO structure, QIBs have been allocated at least 75% of the net issue.
Retail investors can receive up to 10%, while NIIs can receive up to 15% of the net issue.
JM Financial is the book-running lead manager for the IPO, while Kfin Technologies is the registrar.
With the IPO open until August 19, investors will be watching the subscription numbers closely, especially the response from institutional buyers in the remaining bidding period.
