2 weeks ago
Horizon Industrial Parks Announces Rs 2,600-Crore IPO
A company called Horizon Industrial Parks builds and runs big warehouses and factory buildings where goods are stored and made.
A large investment firm called Blackstone helps support the company.
Horizon wants to sell small pieces of itself to the public for the first time in an event called an IPO.
In an IPO, regular people can buy shares, which are like tiny ownership slips of the company.
The company hopes to raise about Rs 2,600 crore from this IPO.
The shares will cost between Rs 57 and Rs 60 each.
People will be able to buy these shares between August 17 and August 19, 2026.
Most of the money raised, about Rs 2,250 crore, will be used to pay off the company's loans.
Paying off loans means the company will owe much less money to banks and lenders.
Horizon owns a lot of space for business, about 61.1 million square feet across 10 cities.
Blackstone-backed Horizon Industrial Parks has announced an initial public offering worth Rs 2,600 crore.
The IPO is entirely a fresh issue of equity shares with a price band of Rs 57 to Rs 60 per share.
The issue will open on August 17 and close on August 19, 2026.
Net proceeds of Rs 2,250 crore will be used to repay debt, reducing total outstanding debt by more than 66 per cent.
The company owns 45 assets across 10 cities in six states, with 61.1 million square feet of industrial space.
- Who
- Horizon Industrial Parks, a Blackstone-backed industrial and logistics infrastructure developer, owner and operator.
- What
- Announced an IPO worth Rs 2,600 crore, entirely a fresh issue of equity shares, with a price band of Rs 57 to Rs 60 per share of Rs 10 face value.
- Where
- Mumbai, where the announcement was made; the company owns assets across 10 cities in six states.
- When
- The issue opens on August 17 and closes on August 19, 2026.
- Why
- To raise funds, primarily to repay debt (reducing total outstanding debt by more than 66 per cent) and for general corporate purposes.
Key facts
- IPO Size
- Rs 2,600 crore
- Price Band
- Rs 57 to Rs 60 per equity share
- Face Value
- Rs 10 per share
- Issue Dates
- August 17-19, 2026
- Net Proceeds Use
- Rs 2,250 crore for debt repayment; remainder for general corporate purposes
- Portfolio
- 45 assets across 10 cities in six states; 61.1 million square feet of industrial space
- Customers
- 118 customers across e-commerce, retail, FMCG, automotive, EV and renewable energy sectors
- Land Bank
- 2,293 acres for future development
Sources
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