Horizon Industrial Parks shares lists at 0.42% premium; here's how much investors made per lot

On the BSE, it is listed at ₹59.65 per unit, down 0.58% from the issue price.

Horizon Industrial Parks IPO: Here's how much investors made per lot

A lot consisted of 250 shares and cost ₹15,000. Investors who received Horizon Industrial Parks IPO allotment made ₹15,062.5 per lot, taking the value of their investment to ₹62.5, as per the listing price on the NSE.

The initial share sale was only a fresh issuance of 43.34 crore equity shares totalling ₹2,600.04 crore. The funds raised will be used for debt clearance and 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).

The initial share sale received 1.45 times the subscription, as it received bids for 36,37,98,000 shares against 25,13,56,273 shares on offer, as per the NSE data.

The qualified institutional buyers (QIBs) quota was subscribed 1.85 times. The portion for non-institutional investors (NIIs) was subscribed 98%, and the part for retail investors received 96% subscription.

Before the IPO, the company collected ₹1,168 crore from anchor investors, including WhiteOak Capital, 360 ONE, Carmignac, Nuvama, Matthews, Poonawalla Vision Fund, JM Financial Mutual Fund, Edelweiss, SBI Life Insurance, Sundaram Mutual Fund and PGIM India, among others.

Horizon Industrial Parks is an industrial and logistics infrastructure developer, owner and operator, having a portfolio of around 60 million sq ft across 46 assets in 10 cities.

It also offers turnkey solutions, on-site staff accommodation, solar energy solutions, cold storage facilities, skill development centres, etc.