horizon industrial parks

Horizon Industrial Parks (NEW IPO): GMP, Price, Review, Profit ,Detail

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Horizon Industrial Parks Limited is a Blackstone-backed industrial and logistics infrastructure developer, owner and operator of large-scale modern warehousing and industrial parks across India, catering to sectors like e-commerce, FMCG, retail and manufacturing.

It develops, owns and operates Grade-A industrial & logistics parks, fulfilment centres and in-city logistics facilities across major Indian cities, catering to e-commerce, manufacturing, retail and 3PL customers.
Its pan-India portfolio spans ~60 million sq. ft. across ~46 assets in 10 cities with ~95% committed occupancy, serving 100+ customers with around 60% clients from Fortune 500 companies.


Horizon Industrial Parks Limited was incorporated in 2020 & currently Mr. Urvish Rambhia serves as the Chief Executive Officer (CEO) of the company.

Horizon Industrial Parks Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch the proposed IPO aims to raise up to ₹2,600 Crore through issuance of equity shares.

Subscription date to apply for Horizon Industrial Parks Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 2,600 Cr
Fresh Issue:₹ 2,600 Cr
Offer for Sale:N/A
Price Range:TBA
Lot Size:TBA
GMPPending

Horizon Industrial Parks Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 731.20 Cr
Revenue:₹ 359.31 Cr
EBITDA₹ 310.82 Cr
PAT₹ -179.56 Cr
EBITDA Margin:~76.91%
PAT Margin~-36.05%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure~ ₹ 00 Cr
Working Capital Requirement~ ₹ 00 Cr
Borrowing prepayment/repayment~ ₹ 2250 Cr
General Corporate PurposeBalance

Horizon Industrial Parks Limited Financial Data

202320242025
Revenue (₹ Cr)₹151.3₹ 233.6₹ 359.3
PAT (₹ Cr)₹ -151.3₹ -139.0₹ -129.6
Asset (₹ Cr)₹ 3174.9₹ 4290.3₹ 7360.0
Net Worth (₹ Cr)₹ 441.5₹ 293.2₹ 731.2

Horizon Industrial Parks Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
21-Mar₹ –₹ –₹ –
20-Mar₹ –₹ –₹ –
19-Mar₹ –₹ –₹ –
18-Mar₹ –₹ –₹ –
17-Mar₹ –₹ –₹ –
Horizon Industrial Parks

Horizon Industrial Parks Limited IPO Pros & Cons

Strengths:

  • Backed by global PE giant Blackstone, giving strategic strength and deep sector expertise.
  • Pan-India Grade A industrial & logistics portfolio (~60 mn sq ft) with ~95% committed occupancy.
  • Diverse customer base of 100+ clients, ~60% clients from Fortune 500 companies, supporting stable leasing demand.
  • Entirely fresh issue focused on strategic growth and debt reduction.
  • Strong growth tailwinds from manufacturing, e-commerce and quick commerce sectors in India.

Risks:

  • Net losses in recent years despite revenue growth, reflecting heavy investment costs.
  • Highly capital-intensive industry with significant borrowing and refinancing risk.
  • IPO pricing and valuation yet unknown, adding uncertainty to returns.
  • Sector sensitive to economic cycles (manufacturing slowdowns or logistics demand dips).
  • Competition from other institutional logistics players could pressure rents & occupancy.

Horizon Industrial Parks Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
BREP Asia III India Holding Co III~ 33.72 %
BREP Asia II EIP Holding (NQ)~ 33.43 %
BREP Asia II Indian Holding Co VI (NQ)~ 21.59 %
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Horizon Industrial Parks Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Horizon Industrial Parks Limited

Lead / Book Running Lead ManagersJM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets, 360 ONE WAM
Registrar (RTA)Kfin Technologies Limited

FAQ’s

  • It is India’s largest industrial & logistics infrastructure developer, owner and operator of Grade-A fulfilment, industrial and in-city logistics parks backed by Blackstone.

  • Horizon Industrial Parks is raising funds via IPO to repay borrowings and strengthen the balance sheet, support future growth and expand its logistics platform.

  • The issue size of the IPO proposes an entirely Fresh Issue of ₹ 2,600 crore. It will be listed on BSE and NSE platform.

  • Key risks include industry cyclicality, capital-intensive operations, dependence on leasing demand and macroeconomic factors affecting logistics demand.

  • Upsides include strong Blackstone backing, high committed occupancy (~95%), pan-India portfolio and demand from e-commerce, manufacturing & retail sectors.

  • Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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