Horizon Industrial Parks came to market through an IPO that opened on 17 August 2026 and closed on 19 August 2026, and the shares listed on 24 August 2026 on BSE, NSE. The price band was ₹57 to ₹60 per share and one lot was 250 shares, so the minimum application was ₹15,000. The issue size was ₹2600 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹60.25, a gain of 0.4% against the issue price of ₹60. Kfin Technologies Ltd was the registrar to the issue, and JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd were the lead managers.
As of 19 August 2026.
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Overall the issue was subscribed 1.52 times.
Incorporated in 2009, Horizon Industrial Parks, funded by Blackstone Group, is the largest developer, owner, and operator of industrial and logistics infrastructure in India in terms of network size, as per the JLL report. As on the DRHP date, the company has 45 logistics and industrial properties in 10 leading Indian cities amounting to 58.01 million square feet (msf). The firm builds and leases warehouses and industrial units to large enterprises. The following are the company's core assets:
Fulfillment Centers (warehousing): For e-commerce, FMCG, retail and logistics firms. 15.55 msf (58%) of operational space till 30 November, 2025. Industrial units: For manufacturing, EVs, renewable, electronics, auto, among others. 10.36 msf (39%) of operational space till 30 November, 2025. In-City Centers: These centers are located close to the consumers for last mile delivery purpose. Used by dark stores, pharma, cloud kitchens, retail, services, etc. Total pipeline of 6.31 msf in 7 cities.
Apart from that, it also offers turnkey solutions, solar energy solutions, cold storages, accommodation for staff on-site, skill development centers and other such facilities. Clients: On Nov 30, 2025, the company has provided services to over 100 clients in important industries such as E-commerce, Retail, FMCG, renewable energy, automotive ancillary, and manufacturing. Our size, technical expertise, strategically placed sites, and comprehensive service offerings make it possible for us to work with both MNCs.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Horizon Industrial Parks Limited finalised its anchor investor allocation on August 14, 2026, raising ₹1,167.75 crore from 54 institutional investors at an anchor price of ₹60 per share. The anchor book comprises 19,46,25,000 equity shares, with domestic mutual funds receiving 19.95% of the allocation through 6 fund houses across 27 schemes, including WhiteOak Capital Mutual Fund, Sundaram Mutual Fund, 360 ONE Mutual Fund, PGIM India Mutual Fund, JM Financial Mutual Fund, and Edelweiss Mutual Fund.
SBI Life Insurance and Edelweiss Life Insurance together received 6.42% as the life insurance participants. The remaining allocation, spanning foreign portfolio investors, alternative investment funds, corporate investors, and offshore derivative instrument holders, accounted for 73.63% of the anchor book, led by Carmignac Emergents at 15.02%, Societe Generale – ODI at 9.42%, Carmignac Portfolio at 9.11%, and 360 ONE Real Assets Development Fund at 6.85%.
Other notable participants include Nuvama, Matthews Asia, Poonawalla Vision Fund, Morgan Stanley Asia (Singapore), BNP Paribas Financial Markets, and Citigroup Global Markets Mauritius.
Pte.Ltd., BREP Asia III India Holdings Co.III Pte.Ltd.. Promoter holding 88.74% before the issue and 75.40% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Horizon Industrial Parks IPO was a ₹2,600 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹57–₹60 per share with a lot size of 250 shares (₹15,000). The IPO was open from August 17 to August 19, 2026 and was subscribed 1.52x. Shares listed on BSE and NSE on August 24, 2026 at ₹60.25, in line with the issue price of ₹60. Kfin Technologies Ltd. is the registrar. JM Financial Ltd.
and 4 other book running lead managers manage the issue.
The price band of Horizon Industrial Parks IPO is ₹57 to ₹60 per share.
The lot size of Horizon Industrial Parks IPO is 250 shares.
The minimum investment for Horizon Industrial Parks IPO is approximately ₹15,000 based on the upper price band.
The allotment date of Horizon Industrial Parks IPO is Aug 20, 2026.
No GMP quote could be verified as recorded before Horizon Industrial Parks IPO listed. A grey-market observation of ₹1 per share was recorded on 24 Aug 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹60.25. GMP is unofficial and does not forecast or guarantee the actual listing price.
Horizon Industrial Parks IPO listed on Aug 24, 2026. It was issued at ₹60.25(NSE) and is currently around ₹43.72 as on 30-Oct-2026 3:30 PM, which is approximately -27.1% versus issue price. The 52-week high is ₹60.25.
You can check Horizon Industrial Parks IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Horizon Industrial Parks IPO allotment status on Rupix for quick and easy access.
₹57 to ₹60 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 250 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 250 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 August 2026 and closed on 19 August 2026.
The basis of allotment was published on 20 August 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 August 2026 on BSE, NSE, opening at ₹60.25.
The issue size was ₹2600 crore. The fresh issue was 43,34,09,090 shares (aggregating up to ₹2600 crore).
It listed at ₹60.25 against an issue price of ₹60, a gain of 0.4 percent on listing day.