Horizon Industrial Parks Shares End Over 3% Below IPO Price

Horizon Industrial Parks sold shares to the public through an IPO.

The shares were priced at Rs 60 each.

On their first trading day, they started close to that price.

By the end of the day, they were worth less than Rs 60.

On the BSE, they finished at Rs 57.95.

On the NSE, they finished at Rs 58.16.

This meant the shares ended about 3% lower than the IPO price.

The company’s IPO was subscribed 1.45 times by investors.

It also raised Rs 1,168 crore from anchor investors before the listing.