Horizon Industrial Parks has set a ₹57 to ₹60 price band for its ₹2,600 crore IPO, scheduled to open on August 17.
Horizon Industrial Parks Limited has fixed the price band for its initial public offering (IPO) at ₹57 to ₹60 per equity share. The IPO will open for subscription on August 17 and close on August 19, 2026, with the anchor investor bidding scheduled for August 14.
The issue comprises an entirely fresh issue of equity shares aggregating up to ₹26,000 million, or ₹2,600 crore, with a face value of ₹10 per share. Investors can bid for a minimum of 250 equity shares and in multiples of 250 thereafter.
Horizon plans to use the net proceeds from the IPO to repay or prepay, partly or fully, certain borrowings of the company and its wholly owned subsidiaries. The proceeds will also be used for general corporate purposes.
The company had previously raised ₹1,650 crore through a private placement in December 2025, before filing its Draft Red Herring Prospectus. Investors in that round included 360 One, SBI Life and Radhakishan Damani, among others.
The equity shares are proposed to be listed on BSE and the National Stock Exchange of India, with NSE designated as the stock exchange for the issue. JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets and 360 ONE WAM are the book running lead managers.
Industrial and logistics networkHorizon operates an industrial and logistics infrastructure network spanning 45 assets across 10 cities, with a total network of 59 million sq ft as of May 31, 2026. Its operating portfolio stood at 29 million sq ft, with committed occupancy of 93.6%.
The company operates across three core segments: fulfilment centres for bulk storage, industrial facilities supporting assembly and light manufacturing, and multi-use in-city centres located near dense residential clusters. Its in-city platform comprises 17 sites across metros, with a total network of 7 million sq ft.
Horizon serves 118 customers across sectors including e-commerce, retail, FMCG, automotive, electric vehicles and renewable energy. Since FY24, it has recorded 17 million sq ft of new leasing and 12 million sq ft of development, including 5 million sq ft of leasing and development since FY26.
