Horizon Industrial Parks IPO

Closed Mainboard
Min Investment
₹15,000
250 Shares
Min Investment
₹15,000 · 250 Shares
Open Aug 17
Close Aug 19
Allotment Aug 20 Pending
Refund Aug 21
Listing Aug 24

Market Sentiment

+Rs 1.6
+2.7%
Est. Listing: Rs 61.6
Updated: Aug 20, 2026 10:58 am
Subscription Status
QIB
1.94x
NII
1.03x
bNII (>10L)
1.19x
sNII (2-10L)
0.70x
Retail
1.01x
Employee
1.64x
Total
1.52x
Updated: Aug 19, 2026 5:15 pm IST
Analysis Score 43 / 100
Neutral
Data: 78%
GMP Score 45
Subscription Score 30
Financial Health 90
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹57-60 per equity share
Face Value₹10 Per Equity Share
Lot Size 250 shares (Min ₹15,000)
Total Issue Size ₹2,600.00 crore
Fresh Share₹2,600.00 crore
Issue TypeBook Building Issue
Lead ManagerJM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd.
RegistrarKfin Technologies Ltd.
Listing atBoth

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 250 ₹15,000
Retail Maximum 13 3,250 ₹1,95,000
S-HNI Minimum 14 3,500 ₹2,10,000
S-HNI Maximum 66 16,500 ₹9,90,000
B-HNI Minimum 67 16,750 ₹10,05,000
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB12,98,06,81975.00%
NII (HNI)6,48,86,36315.00%
bNII > ₹10L4,32,57,57610.00%
sNII < ₹10L2,16,28,7875.00%
Retail4,32,57,57610.00%
Employee8,33,332
Anchor19,46,25,00044.91%
Total43,34,09,090

Return Estimator (GMP*)

Category Investment Expected Profit
Retail Minimum ₹15,000 +₹400
Retail Maximum ₹1,95,000 +₹5,200
S-HNI Minimum ₹2,10,000 +₹5,600
S-HNI Maximum ₹9,90,000 +₹26,400
B-HNI Minimum ₹10,05,000 +₹26,800
GMP (Rumour*) +₹2
Exp. Listing ₹62
Return +2.7%
Estimates based on unofficial GMP data. Actual listing price may differ significantly.

Allotment Chances

Retail 100.0% (1.01x subscribed)
High chance
S-HNI (2-10L) 100.0% (0.70x subscribed)
High chance
B-HNI (>10L) 100.0% (1.19x subscribed)
High chance
Employee 61.0% (1.64x subscribed)
High chance
Retail undersubscribed - high chance of full allotment for all retail applicants.
Estimated from current subscription data, calibrated against published basis-of-allotment results. Actual allotment depends on the number of applications received and SEBI's allotment rules — draw of lots for Retail, Employee and NII; proportionate for QIB.

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.18x 0.21x 1.94x
NII 0.03x 0.16x 1.03x
bNII > ₹10L 0.03x 0.18x 1.19x
sNII 2-10L 0.04x 0.10x 0.70x
Retail 0.19x 0.43x 1.01x
Employee 0.30x 0.61x 1.64x
Total 0.14x 0.24x 1.52x

Financial Analysis

Financial Data
EPS (Pre)
Rs -0.95
RoNW
-4.09%
EBITDA Margin
79.07%
NAV/Share
Rs 23.29
Revenue Growth
74.77%
Profit Margin
26.52%
Financial Performance
Metric 2024 2025 2026
Revenue 245.52 439.35 767.84
Expense 403.01 596.41 965.14
Profit (PAT) 162.21 178.78 203.65
Total Assets 4,993.18 9,851.54 13,495.13
Values in Crores (₹)
Promoters & Holding Pattern

Promoters: BREP Asia II EIP Holding (NQ) Pte. Ltd., Brep ASIA II Indian Holdings Co. VI (NQ) Pte. Ltd. and BREP Asia III INdia Holdings Co. III Pte. Ltd

Strengths & Risks

Strengths
  • Revenue grew 75% in the latest reported year.
  • Solid profit margin — 26.5%.
Risks & Concerns

Our metrics didn't flag a major concern for Horizon Industrial Parks from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Horizon Industrial Parks

Horizon Industrial Parks, founded in 2009, is India’s leading industrial and logistics infrastructure developer, owning 45 logistics and industrial assets across 10 major Indian cities. The firm develops and leases large, modern warehouses businesses can use for manufacturing, warehousing, storage, and distribution. Horizon Industrial Parks operates fulfillment centers for warehousing, industrial facilities for manufacturing, and in-city centers for last-mile delivery, serving sectors such as e-commerce, FMCG, EVs, electronics, retail, pharma, and logistics. As of now, the firm has the largest Grade A industrial and warehouse property portfolios in India, which include 45 parks across 10 key markets, covering 2,200+ acres. Moreover, the firm is also planning to obtain another 100 acres in the Bengaluru region.

Objects of the Issue
Purpose Amount (Cr)
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
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
August 14, 2026
Shares Offered to Anchors
19,46,25,000
Lock-in End (30 Days, 50%)
September 19, 2026
Lock-in End (90 Days, 50%)
November 18, 2026
Company Contact Information

Horizon Industrial Parks Ltd., One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg,, Mumbai, Maharashtra, 400013

Horizon Industrial Parks IPO — Quick Take

Horizon Industrial Parks has set a price band of Rs 57–Rs 60 per share for an issue size of Rs 2,600 crore. The subscription window has closed; shares are expected to list on August 24, 2026 (4 days away).

Horizon Industrial Parks, founded in 2009, is India’s leading industrial and logistics infrastructure developer, owning 45 logistics and industrial assets across 10 major Indian cities. The firm develops and leases large, modern warehouses businesses can use for manufacturing, warehousing, storage, and distribution.

The issue is promoted by BREP Asia II EIP Holding (NQ) Pte. Ltd., Brep ASIA II Indian Holdings Co. VI (NQ) Pte. Ltd. and BREP Asia III INdia Holdings Co. III Pte. Ltd with JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subs… (Rs 2,250 crore) and General Corporate Purpose.

Grey market is quoting a premium of +Rs 1.6 (+2.7% over issue price), down Rs 2 from the previous session. Final subscription data records overall subscription at 1.52x, retail at 1.01x, QIB at 1.94x, NII at 1.03x.

On fundamentals, the company is posting revenue growth of 74.8%, a profit margin of 26.5% in its most recent reported period.

Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Allotment status can be checked on the registrar portal once published; see the allotment links below.

Frequently Asked Questions

The price band of Horizon Industrial Parks IPO is Rs 57 to Rs 60 per share. Face value is Rs 10 per share.

The total issue size of Horizon Industrial Parks IPO is Rs 2,600 crore, comprising fresh issue of Rs 2,600 crore.

Retail investors must apply for a minimum of 1 lot of 250 shares, requiring an investment of Rs 15,000. Maximum retail application is 13 lots (3250 shares, approx Rs 1,95,000).

Horizon Industrial Parks IPO opens for subscription on August 17, 2026 and closes on August 19, 2026. Anchor investor bidding is scheduled for August 14, 2026.

The expected allotment date for Horizon Industrial Parks IPO is August 20, 2026. Refunds for unsuccessful applicants are expected on August 21, 2026.

Horizon Industrial Parks IPO is scheduled to list on August 24, 2026 on both BSE and NSE.

The current GMP (Grey Market Premium) of Horizon Industrial Parks IPO is +Rs 1.6 (+2.7% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Horizon Industrial Parks IPO is currently subscribed 1.52 times overall — retail at 1.01x, QIB at 1.94x, NII at 1.03x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 1.01x for Horizon Industrial Parks IPO, the estimated retail allotment probability is approximately 100.0%. This is a high probability of allotment.

The registrar for Horizon Industrial Parks IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Horizon Industrial Parks IPO are JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd..

The promoter(s) of Horizon Industrial Parks are BREP Asia II EIP Holding (NQ) Pte. Ltd., Brep ASIA II Indian Holdings Co. VI (NQ) Pte. Ltd. and BREP Asia III INdia Holdings Co. III Pte. Ltd.

Horizon Industrial Parks IPO GMP — What It Means

The latest grey market premium for Horizon Industrial Parks IPO is ₹2 (+2.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Horizon Industrial Parks it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Horizon Industrial Parks GMP history and trend, or learn how grey market premium works and how reliable it is.

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