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Horizon Industrial Parks IPO Day 2: Issue booked 18% so far; check all subscription details
3 min read | Updated on August 18, 2026, 13:58 IST
SUMMARY
Until 1:50 PM, the initial share sale of the company has received bids for 4,63,94,000 shares, as per exchange data.
Horizon Industrial Parks is an industrial and logistics infrastructure developer, owner and operator with a portfolio of around 60 million square feet across 46 assets in 10 cities. | Image: hiparks.com
The initial public offering (IPO) of Blackstone-backed Horizon Industrial Parks continued to receive a lukewarm response on the second day of subscription, with a total booking of 18% so far on Tuesday, August 18.
Until 1:50 PM, the initial share sale of the company has received bids for 4,63,94,000 shares as compared to 25,13,56,273 shares on offer, as per exchange data.
The non-institutional investor (NII) category was subscribed 0.08 times, while the retail individual investor (RII) segment saw a 0.36 times subscription. However, the Qualified Institutional Buyers (QIB) portion was booked 0.18 times.
The ₹2,600 crore initial share sale is exclusively a fresh issuance of 43.34 crore shares, with no offer for sale (OFS) component.
With a price band set at ₹57 to ₹60 per share, the issue will end on August 19.
IPO objective
The company intends to use the net proceeds for the following objectives:
-
Repayment of certain borrowings availed by the company and its subsidiaries.
-
General corporate purposes.
“Our company expects to receive the benefits of listing of the equity shares on the stock exchanges, including to enhance our brand image among our existing and potential customers and creation of a public market for the equity shares in India,” according to the red herring prospectus (RHP).
Horizon Industrial Parks IPO lot size
The minimum investment for a retail investor is 250 shares. The company has kept aside 75% of the offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
Horizon Industrial Parks IPO: Allotment and listing date
| Event | Date |
|---|---|
| Subscription period | August 17 to August 19 |
| Basis of allotment | August 20 |
| Initiation of Refunds | August 21 |
| Credit of Shares to Demat | August 21 |
| Listing date | August 24 |
Horizon Industrial Parks IPO lot size
The minimum investment for a retail investor is 250 shares. The company has kept aside 75% of the offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
Prior to the IPO, the company raised ₹1,168 crore from anchor investors, including Carmignac, WhiteOak Capital, 360 ONE, Nuvama, Matthews, SBI Life Insurance, Poonawalla Vision Fund, JM Financial Mutual Fund, Edelweiss, Sundaram Mutual Fund and PGIM India, among others.
Horizon Industrial Parks is the largest domestic industrial and logistics infrastructure developer, owner and operator with a portfolio of nearly 60 million square feet across 46 assets in 10 cities.
It also provides turnkey solutions, solar energy solutions, on-site staff accommodation, cold storage facilities, skill development centres, etc.
The equity shares of the company will be listed on the NSE and the BSE.
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