Horizon Industrial Parks Limited IPO — Subscription & GMP
- Price band
- ₹57 – ₹60
- Lot size
- 250
- Issue size
- ₹1,508.14 Cr
- Bidding
- 17 Aug 2026 → 19 Aug 2026
- Allotment
- —
- Listing
- 24 Aug 2026
Listing outcome
Official exchange pricesGMP was out by 1.3 percentage points against the buyer — it implied +1.67% and the issue listed +0.42%. Counted in our running GMP accuracy record.
Schedule
- 17 Aug 2026IPO open date
- 19 Aug 2026IPO close date
- 20 Aug 2026Allotment date†
- 20 Aug 2026Funds unblock or debit†
- 24 Aug 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBusiness Model of Horizon Industrial Parks Limited
Horizon Industrial Parks Limited operates as a prominent, Blackstone-backed real estate platform acting as a pure-play developer and manager of Grade A industrial and logistics parks across India.
- Core Offerings: The company provides "ready-to-operate" industrial infrastructure that reduces operational complexities for its clients. Its integrated platform offers plug-and-play tailored industrial spaces, encompassing core warehousing as well as managed services like facility maintenance and on-site staff accommodation.
- Target Markets: Horizon strategically locates its parks across key industrial corridors and major urban centres, holding 45 assets across 10 cities spanning over 58 million square feet. It primarily caters to high-growth sectors such as e-commerce, manufacturing, third-party logistics (3PL), pharmaceuticals, and high-value electronics.
- Revenue Generation: The company's business model is centered on a leasing structure that relies on long-term tenancy agreements. It generates income through three primary channels: facility rentals from its warehouses, recurring revenue from ongoing maintenance services, and other operating income derived from providing additional on-site services.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹0.10 | — |
| P/E ratio | 600.00× | — |
| NAV per share | ₹27.89 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 799 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 13.66 Cr | 14.08 Cr | 1.03× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 8.18 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 15.03 L | — |
| 1(c)Mutual funds | — | 2.78 Cr | — |
| 2Non Institutional Investors | 6.83 Cr | 5.21 Cr | 0.76× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 4.55 Cr | 4.04 Cr | 0.89× |
| 2.1(c)Others | — | 22.37 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 2.28 Cr | 1.16 Cr | 0.51× |
| 2.2(a)Corporates | — | 1.43 L | — |
| 2.2(b)Individuals(Other than RIIs) | — | 1.10 Cr | — |
| 3Retail Individual Investors(RIIs) | 4.55 Cr | 3.31 Cr | 0.73× |
| 3(b)Price bids | — | 42.47 L | — |
| 4Employees | 9.62 L | 11.15 L | 1.16× |
| 4(a)Cut Off | — | 7.46 L | — |
| 4(b)Price Bids | — | 3.69 L | — |
| Total | 25.14 Cr | 22.71 Cr | 0.90× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹57 → ₹60 · peak 36.39 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹57 – ₹60
- Lot size
- 250 shares
- Min. bid quantity
- 250
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 25.14 Cr
- Issue size
- ₹1508.14 Cr
- Offer structure
- 100% fresh equity — all proceeds to the company
- Max bid · QIB
- 25.04 Cr
- Max bid · NII
- 11.38 Cr
- Employee discount
- Employee Discount of Rs 5 to Eligible Employees
Timeline & process
- Bidding opens
- 17 Aug 2026
- Bidding closes
- 19 Aug 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 19-August-2026 (Upto 5.00 pm)
- Allotment
- —
- Listing
- 24 Aug 2026
Intermediaries
- Registrar
- KFin Technologies Limited
- Sponsor bank
- KOTAK BANK
- Lead managers
- JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited, SBI Capital Markets Limited, 360 ONE WAM limited