Horizon Industrial Parks, backed by Blackstone, is set to launch its IPO aiming to raise Rs 2,600 crore through a fresh issue of equity shares. Retail investors can bid for a minimum of one lot of 250 shares, with an investment of Rs 15,000 at the upper price band. The IPO does not include an offer for sale.
Of the total issue, 75% is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. The company plans to use Rs 2,250 crore of the proceeds to repay or prepay debt, which stood at Rs 6,884.34 crore as of March 31, 2026.
Prior to the IPO, Horizon Industrial Parks raised Rs 1,650 crore through a pre-IPO primary fundraise. Blackstone currently holds an 89% stake in the company, which will decrease post-IPO. Horizon Industrial Parks specializes in owning, developing, and operating warehouses and logistics centers across India.
The company has 45 assets across 10 cities, covering 58.58 million square feet. Including its 49% stake in Vision Softech Facilities Pvt Ltd, the network expands to 46 assets and 61.13 million square feet. As of May 31, 2026, the operational network was 28.55 million square feet with a committed occupancy of 93.56%.
Horizon Industrial Parks has appointed JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets, and 360 ONE WAM as merchant bankers for managing the IPO.
Background
The IPO is a significant step for Horizon Industrial Parks as it seeks to strengthen its financial position and expand its operations. The logistics sector in India is witnessing rapid growth, driven by increasing demand for warehousing and fulfillment centers.
Investors will be keenly watching the company's performance post-IPO, especially in terms of debt reduction and asset utilization.
