Horizon Industrial Parks IPO listing: Shares of Horizon Industrial Parks debuted flat on the BSE and the NSE on Monday, 24 August, in a range-bound market. Horizon Industrial Parks' share price opened at ₹59.65 on the BSE against the issue price of ₹60, while on the NSE, the stock was listed at ₹60.25.
Grey market trends also indicated a flattish listing for the stock, as the last grey market premium (GMP) on Horizon Industrial Parks shares on Monday morning was ₹1.5, a 2.50% premiumover the issue price.
Meanwhile, stock market benchmarks, the Sensex and the Nifty 50, traded with little gains, with Infosys, ICICI Bank, and HDFC Bank among key contributors.
Horizon Industrial Parks IPO details
Horizon Industrial Parks' IPO was a book-built issue, which opened for public subscription on Monday, 17 August, and concluded on Wednesday, 19 August, with an overall subscription of 1.52 times. With a price band of ₹57 to ₹60, the IPO was entirely a fresh issue of 43.34 crore shares of ₹2,600 crore. Share allotment was finalised on Thursday, 20 August.
The company intends to use the net proceeds from the issue to repay certain borrowings and for general corporate purposes.
Horizon Industrial Parks claims to be India’s largest industrial and logistics infrastructure developer, owner and operator in terms of total network (in terms of total area of its assets).
JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets, and 360 ONE WAM were the book-running lead managers, while KFin Technologies was the registrar of the IPO.
The company's network of assets is spread across 10 major industrial and consumption hubs in India, including Delhi National Capital Region, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Ahmedabad, and Nagpur.
The company's revenue from operations in FY24 was ₹228.86 crore, which increased to ₹390.29 crore in FY25, and to ₹691.38 crore in FY26.
For FY24 and FY25, the company reported losses of ₹1.1 crore and ₹1.41 crore, respectively. For FY26, it reported a profit of ₹0.14 crore.
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