Horizon Industrial Parks IPO Opens Today: Check Price Band, GMP & Key Dates

Mumbai | August 17, 2026 

The initial public offering of Horizon Industrial Parks opened for subscription today, August 17, at a price band of Rs 57 to Rs 60 per share. The Rs 2,600.04-crore issue is entirely a fresh issuance of 43.34 crore equity shares, with no offer-for-sale component. 

Horizon Industrial Parks IPO: Key Details 

JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets and 360 ONE WAM are the book-running lead managers to the issue. 

What Is The Horizon Industrial Parks IPO Day 1 Subscription Status? 

The issue was subscribed 2 percent overall by 11:15 am on Day 1, with bids received for 43,54,750 shares against 25,13,56,273 shares on offer. Retail investors led demand, subscribing 8 percent of their reserved portion, while non-institutional investors subscribed 1 percent. The offer has been reserved 75 percent for qualified institutional buyers, 15 percent for non-institutional investors and 10 percent for retail investors. 

What Is The Horizon Industrial Parks IPO GMP Today? 

Horizon Industrial Parks shares carried a grey market premium of around Rs 3.5 over the IPO’s Rs 60 upper price band. This puts the estimated listing price at around Rs 63.5, a potential gain of nearly 6 percent, if the premium holds until listing. 

GMP is not an official price indicator and does not guarantee the actual listing price. 

Horizon Industrial Parks IPO Anchor Investors 

Ahead of the public issue, Horizon Industrial Parks raised around Rs 1,167.8 crore from 54 anchor investors, allotted 19.46 crore equity shares at the upper end of the price band on August 14. The anchor book included Morgan Stanley, Carmignac, Millennium Management, Societe Generale, Citigroup Global and Viridian Asset Management. 

Domestic mutual funds accounted for 3.88 crore shares of the anchor allocation, allotted to six fund houses, WhiteOak Capital, Sundaram Mutual Fund, 360 ONE, PGIM India, JM Financial and Edelweiss, through 27 schemes. SBI Life Insurance and Edelweiss Life Insurance were allotted another 1.24 crore shares worth around Rs 75 crore. 

How Will Horizon Industrial Parks Use The IPO Proceeds? 

Horizon Industrial Parks plans to use Rs 2,250 crore of the net proceeds to repay debt, with the remaining funds deployed towards general corporate purposes. The company had outstanding borrowings of Rs 6,884.3 crore as of March 2026. 

What Are Horizon Industrial Parks’ Financials? 

The company remained loss-making in FY26 despite a sharp rise in revenue. Net loss widened to Rs 203.6 crore from Rs 178.7 crore in FY25. Revenue increased 77.1 percent to Rs 691.4 crore from Rs 390.3 crore over the same period. 

About Horizon Industrial Parks 

Horizon Industrial Parks is an industrial and logistics infrastructure developer and operator with a portfolio spanning major industrial and consumption hubs in India. It operates 45 assets across 10 cities, including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, Ahmedabad and Nagpur. 

The company provides Grade A warehouses, industrial facilities and in-city logistics centres, along with cold storage, energy solutions, on-site staff accommodation, racking and material-handling equipment. It is owned and managed by three Blackstone affiliates, which collectively held an 88.74 percent stake before the IPO. 

Planning to invest in the Horizon Industrial Parks IPO? Apply through PL Capital and stay updated with the latest IPO and stock market updates. 

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