Horizon Industrial Parks IPO
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.
IPO GMP
+₹2
+3% expected gain
Price Band
₹60
Lot Size
250 shares
Min Investment
₹15,000
Listing Date
August 24, 2026
About Horizon Industrial Parks
Company overview, business, and key facts.
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.
Founded
2009
Headquarters
Mumbai, Maharashtra
Website
http://www.hiparks.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Strategically placed assets: Horizon has carved out a strong reputation for itself as a large industrial and logistics infrastructure platform with offerings of superior quality. It offers an integrated platform with placements at strategic locations near urban hubs.
- Growth opportunities within the industry: The industry dynamics include growth within the manufacturing industry, consumption industry, and the e-commerce sector. The company has positioned its business to take advantage of all these growth drivers.
- Strong customer relations: It enjoys good relations with more than 100 customers operating in the manufacturing industry, e-commerce industry, and the 3PL industry. The leasing and management of its assets allow it to give the customer a larger ecosystem.
Risks
- Recent acquisitions by the company from promoters and other sellers: A substantial number of the company's assets have been acquired from its promoters and other sellers in Fiscals 2025 and 2026 and may continue in the future. The pro forma financial data given above in respect of acquisitions made by the company is indicative only and may not truly represent the financial position of the company or its performance.
- Historical losses: The company has experienced losses in both its restated consolidated and pro forma performance during the relevant periods mainly due to its high finance costs and depreciation and amortization expenses. It cannot be assured that the company will be profitable in the future.
- Risk associated with customer concentration: The company relies heavily on its top 10 customers for revenues. These customers accounted for 41.52%, 44.44%, 53.97%, and 53.20% of pro forma revenues from operations for the three months ended June 30, 2025, and Fiscals 2025, 2024, and 2023, respectively.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Horizon Industrial Parks IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹17,297.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
84.9x
Price to sales
22.53x
Revenue growth, 2026
+74.8%
76.8% a year over the period
Profit growth, 2026
+13.9%
12% a year over the period
Profit margin (PAT)
26.5%
EBITDA margin 79.07%
Promoter holding
88.74% → 75.4%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹500
250 shares on ₹15,000. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 26.5% in 2026.
Watch-outs
- 100% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison.
IPO Analysis SummaryAI-generated
A plain-language review of Horizon Industrial Parks's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Horizon Industrial Parks IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Horizon Industrial Parks IPO is trading at a grey market premium (GMP) of +₹2 (+3% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 1.44x overall — QIB: 1.85x, NII: 0.97x, Retail: 0.92x.
Horizon Industrial Parks IPO subscription has closed. The shares are expected to list on August 24, 2026.
The minimum investment required is ₹15,000 for 250 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Strategically placed assets: Horizon has carved out a strong reputation for itself as a large industrial and logistics infrastructure platform with offerings of superior quality. It offers an integrated platform with placements at strategic locations near urban hubs.; Growth opportunities within the industry: The industry dynamics include growth within the manufacturing industry, consumption industry, and the e-commerce sector. The company has positioned its business to take advantage of all these growth drivers.. Investors should note the following risks: Recent acquisitions by the company from promoters and other sellers: A substantial number of the company's assets have been acquired from its promoters and other sellers in Fiscals 2025 and 2026 and may continue in the future. The pro forma financial data given above in respect of acquisitions made by the company is indicative only and may not truly represent the financial position of the company or its performance.; Historical losses: The company has experienced losses in both its restated consolidated and pro forma performance during the relevant periods mainly due to its high finance costs and depreciation and amortization expenses. It cannot be assured that the company will be profitable in the future..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Horizon Industrial Parks IPO — Frequently Asked Questions
What is Horizon Industrial Parks IPO GMP today?
Horizon Industrial Parks IPO GMP (grey market premium) today is +₹2, suggesting an estimated listing gain of +3%. GMP is indicative and subject to change.
What is the price band of Horizon Industrial Parks IPO?
The price band for Horizon Industrial Parks IPO is ₹60 with a lot size of 250 shares. The minimum investment required is ₹15,000.
When is Horizon Industrial Parks IPO allotment date?
Horizon Industrial Parks IPO allotment is expected to be finalised on August 20, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Horizon Industrial Parks IPO list on NSE/BSE?
Horizon Industrial Parks IPO is expected to list on BSE, NSE on August 24, 2026.
How to check Horizon Industrial Parks IPO allotment status?
To check Horizon Industrial Parks IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Horizon Industrial Parks IPO?
Horizon Industrial Parks IPO has a GMP of +₹2. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Horizon Industrial Parks IPO?
The lot size for Horizon Industrial Parks IPO is 250 shares per lot. The minimum investment for retail investors is ₹15,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.