How to Check Horizon Industrial Parks IPO Allotment Status

Horizon Industrial Parks Limited is an industrial and logistics infrastructure developer, owner and operator backed by global alternative asset manager Blackstone. The company develops and operates Grade A logistics and industrial infrastructure across major manufacturing and consumption hubs in India.  

Its portfolio includes fulfilment centres and warehouses, industrial facilities and in-city logistics centres. The company also provides solutions such as built-to-suit facilities, plug-and-play facilities, cold storage, energy solutions, on-site staff accommodation, racking and material-handling equipment.  

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As of May 31, 2026, Horizon Industrial Parks had 45 assets across 10 cities, representing a Total Network of 58.58 million sq. ft. Its Operational Network stood at 28.55 million sq. ft., with committed occupancy of approximately 93.56%.  

About the Horizon Industrial Parks IPO 

Horizon Industrial Parks IPO is a ₹2,600 crore book-built mainboard issue, comprising entirely a fresh issue of approximately 43.34 crore equity shares. There is no offer-for-sale component.  

The IPO opened for subscription on August 17, 2026 and closed on August 19, 2026. The basis of allotment is expected to be finalised on August 20, 2026, while the shares are proposed to list on BSE and NSE on August 24, 2026.  

The price band was fixed at ₹57 to ₹60 per share, with a lot size of 250 shares.  

Registrar:  Kfin Technologies Ltd

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page 

Horizon Industrial Parks IPO Subscription Status 

Horizon Industrial Parks IPO was subscribed 1.52 times on August 19, 2026, based on the final subscription data provided. The IPO crossed full subscription on the final day, with Qualified Institutional Buyers recording the highest demand.

The QIB category recorded the strongest demand, reaching 1.94 times subscription on the final day. 

The NII category was subscribed 1.02 times, narrowly crossing full subscription. 

Retail Investors subscribed 1.00 time, while the employee category received comparatively stronger demand at 1.63 times. 

Overall subscription increased from just 0.25 times on Day 2 to 1.52 times on Day 3, indicating that a significant portion of bidding arrived on the closing day. Contemporary reporting similarly showed the IPO moving past full subscription on Day 3.  

Horizon Industrial Parks IPO Share Price and Investment Details 

Horizon Industrial Parks IPO price band was fixed at ₹57 to ₹60 per share, with a minimum lot size of 250 shares. At the upper end of the price band, the minimum investment for one retail lot works out to ₹15,000.  

The IPO is an entirely fresh issue of approximately ₹2,600 crore, with the shares proposed to list on both BSE and NSE.  

Unlike several recent heavily oversubscribed IPOs, investor demand for Horizon Industrial Parks remained comparatively moderate. The issue closed at 1.52 times subscription, with QIBs at 1.94 times, NIIs at 1.02 times, retail investors at 1.00 time and employees at 1.63 times based on the provided final data. 

The moderate level of oversubscription means the allotment dynamics differ across categories. Listing performance will ultimately depend on prevailing market conditions and investor demand when the shares begin trading. 

Utilisation of IPO Proceeds 

Horizon Industrial Parks proposes to utilise ₹2,250 crore from the net proceeds towards the repayment or prepayment of certain outstanding borrowings of the company and identified wholly owned subsidiaries.  

As of March 31, 2026, the company had total borrowings of approximately ₹6,884.34 crore on a restated basis. According to the RHP, the proposed debt repayment is expected to reduce the company's debt-equity ratio from 1.18 times to 0.55 times, based on March 2026 figures.  

The remaining eligible proceeds are proposed to be utilised towards general corporate purposes. Since the IPO is entirely a fresh issue, there is no OFS component through which proceeds would be paid to selling shareholders.  

Business Overview 

Horizon Industrial Parks operates in India's industrial and logistics real estate sector, developing infrastructure used by companies for warehousing, fulfilment, manufacturing and distribution operations. 

Its network comprises 45 assets across 10 cities and 58.58 million sq. ft. of total area. The company operates across major industrial and consumption centres including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, Ahmedabad and Nagpur.  

The company's portfolio extends beyond conventional warehouses. It provides built-to-suit industrial facilities, fully fitted plug-and-play facilities, cold storage, energy solutions, employee accommodation, racking and material-handling equipment, allowing it to offer a broader infrastructure ecosystem to occupiers.  

Horizon Industrial Parks also has a sizeable development pipeline. As of May 31, 2026, its Development Network stood at approximately 30.03 million sq. ft., comprising 7.22 million sq. ft. of near-term deliveries and 22.81 million sq. ft. of planned projects.  

The company reported revenue from operations of ₹691.38 crore in FY26, compared with ₹390.29 crore in FY25 and ₹228.86 crore in FY24. However, it remained loss-making, reporting a net loss of approximately ₹203.65 crore in FY26, compared with ₹178.78 crore in FY25.  

Key strengths include its large industrial and logistics infrastructure network, Blackstone backing, presence across major Indian logistics hubs, high committed occupancy, diversified infrastructure offerings and sizeable development pipeline. 

Investors should also consider risks associated with the company's history of net losses, substantial borrowings, concentration of revenue among major cities and customers, capital-intensive expansion, fluctuations in occupancy and rental rates, execution risks in developing new assets and broader cycles in India's industrial and logistics real estate market. Around 80% of revenue is generated from four major cities, while the top 10 customers account for approximately 43% of revenue.