1 week ago
Horizon Industrial Parks Makes Mixed Stock-Market Debut
Horizon Industrial Parks sold shares to the public through an IPO.
Each share was priced at Rs 60.
On the NSE, the shares began slightly above that price at Rs 60.25.
On the BSE, they began slightly below it at Rs 59.65.
The IPO helped the company raise Rs 2,600.04 crore.
Investors could buy a minimum package of 250 shares.
The company develops warehouses and industrial buildings for businesses.
It operates 45 properties across 10 major Indian cities.
Horizon Industrial Parks set its IPO issue price at Rs 60 per share.
The stock debuted at Rs 60.25 on the NSE and Rs 59.65 on the BSE.
The IPO raised Rs 2,600.04 crore through a fresh issue of 43.34 crore shares.
Bidding ran from August 17 to August 19, with allotment finalised on August 20.
The company owns 45 logistics and industrial assets across 10 Indian cities, covering 58.01 million square feet.
- Who
- Horizon Industrial Parks, backed by Blackstone Group, conducted the IPO.
- What
- The company raised Rs 2,600.04 crore through a fresh issue and listed its shares on the NSE and BSE.
- Where
- The shares were listed on the National Stock Exchange and the Bombay Stock Exchange in India.
- When
- Bidding took place from August 17 to August 19, and allotment was finalised on August 20; the listing date is not specified.
- Why
- The articles state that the IPO raised funds through a fresh issue, but do not specify how the proceeds will be used.
Key facts
- Issue price
- Rs 60 per equity share
- NSE listing price
- Rs 60.25, a 0.42% premium
- BSE listing price
- Rs 59.65, a 0.58% discount
- IPO size
- Rs 2,600.04 crore
- Fresh issue
- 43.34 crore shares
- Retail lot size
- 250 shares, requiring Rs 15,000 at the upper price band
- Asset network
- 45 assets across 10 Indian cities, totalling 58.01 million square feet
Sources
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