3 weeks ago
Horizon Industrial Parks Rs 2,600 crore IPO opens August 17
Horizon Industrial Parks is a company in India that builds and runs big warehouses and industrial facilities.
It wants to sell shares to the public to raise money, which is called an IPO.
The IPO opens on August 17, and people can buy shares for between Rs 57 and Rs 60 each.
The company hopes to raise Rs 2,600 crore, which is a huge amount of money.
It will use most of that money, Rs 2,250 crore, to pay back money it borrowed.
A big investment company called Blackstone owns 89 per cent of Horizon right now and will own less after the IPO.
Horizon is the biggest company of its kind in India, with warehouses in 10 cities.
Its shares will start trading on the stock market on August 24.
Blackstone-backed Horizon Industrial Parks' Rs 2,600 crore IPO opens August 17 with a price band of Rs 57-60 per share.
The issue is entirely a fresh issue with no Offer For Sale (OFS) component; Rs 2,250 crore of proceeds will be used to repay or prepay borrowings.
Blackstone holds an 89 per cent stake that will be diluted after the IPO; the company also raised Rs 1,650 crore in a pre-IPO primary fundraise.
India's largest industrial and logistics developer by network, it has 45 assets across 10 cities covering 58.58 million square feet, rising to 46 assets and 61.13 million square feet including its 49 per cent stake in Vision Softech Facilities.
The three-day issue closes August 19, shares are set to list on BSE and NSE on August 24, with 75 per cent reserved for QIBs, 15 per cent for NIIs and 10 per cent for retail investors.
- Who
- Horizon Industrial Parks, led by CEO Urvish Rambhia, and its majority owner Blackstone, whose India real estate head Asheesh Mohta called it Blackstone's 15th IPO in the country
- What
- A Rs 2,600 crore IPO of fresh equity shares priced at Rs 57-60 per share, mainly to repay debt and dilute Blackstone's stake
- Where
- India, where the company operates 45 assets across 10 cities; shares will list on BSE and NSE
- When
- August 17 (opens), August 19 (closes), with anchor investor bidding on August 14 and listing on August 24
- Why
- To repay or prepay Rs 2,250 crore of borrowings and fund general corporate purposes as it builds out its industrial and logistics network
Key facts
- IPO Opens
- August 17
- IPO Closes
- August 19
- Price Band
- Rs 57-60 per share
- Issue Size
- Rs 2,600 crore (100 per cent fresh issue, no OFS)
- Debt Repayment Use
- Rs 2,250 crore
- Total Borrowings (March 31, 2026)
- Rs 6,884.34 crore (restated)
- Blackstone Stake
- 89 per cent, to be diluted after IPO
- Listing on BSE and NSE
- August 24
Quotes
Urvish Rambhia
CEO of Horizon Industrial Parks
“"This is a continuation of our efforts to drive innovation in Indian capital markets and expand opportunities for our investors. We are proud to have built Horizon Industrial Parks into India’s largest Industrial & logistics platform with high quality assets, marquee tenants and support a critical pillar of economic growth."”
freepressjournal.in
“"Industrial & logistics infrastructure is a critical backbone of manufacturing and economic growth, and we look forward to continuing to build the modern, high-quality facilities India needs to support its next phase of growth."”
freepressjournal.in
Sources
Related news
Horizon Industrial Parks Announces Rs 2,600-Crore IPO
Horizon Industrial Parks Makes Mixed Stock-Market Debut
Horizon Industrial Parks Shares Debut Near Issue Price
Horizon Industrial Parks Shares Set for Modest IPO Debut
Eight IPOs worth over Rs 5,500 crore open this week
Seven companies to launch IPOs next week, raise over ₹6,400 crore
PVR Inox Buyback: September 3 Last Day to Buy
Augmont Enterprises Rises Despite Gold-Buying Appeal and Market Risks
BSE Shares Fall as New Closing Auction Session Draws Scrutiny
Spice Lounge Food Works Stock Hits Upper Circuit Amid Crash
Indian Stocks Slide as Oil, Conflict and Yields Rise
