Blackstone-Backed Horizon Industrial Parks Sets August 17 IPO Launch

Horizon Industrial Parks has filed its red herring prospectus with the Registrar of Companies, setting the stage for its ₹2,600-crore initial public offering. The company will raise the entire amount through a fresh issue, with no offer-for-sale component.

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IPO Timeline And Issue Structure

The IPO will open for anchor investors on August 14 and for public subscription on August 17. The issue will close on August 19, with share allotment expected to be completed by August 20. The company is likely to list its shares on the stock exchanges on August 24.

Horizon Industrial Parks had submitted its IPO papers to SEBI in December 2025 and received regulatory approval in May 2026. The price band is scheduled to be announced on August 12.

Up to ₹5 crore worth of shares have been set aside for employees. Of the remaining issue, qualified institutional buyers will receive up to 75% of the net offer, while non-institutional investors and retail investors will be allotted 15% and 10%, respectively.

Debt Repayment To Take Majority Of IPO Proceeds

Horizon Industrial Parks plans to use ₹2,250 crore from the IPO proceeds to reduce debt. The company had consolidated borrowings of ₹6,884.3 crore as of the period covered by its IPO documents. The balance will be used for general corporate purposes.

The company operates industrial and logistics assets covering 58.58 million square feet across 45 properties. Its presence includes major industrial and consumption markets such as the Delhi National Capital Region, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, Ahmedabad and Nagpur.

Blackstone remains the company’s largest shareholder. Its three affiliate entities collectively hold an 88.74% stake, while public shareholders, including Radhakishan Damani, 360 ONE and SBI Life Insurance, own the remaining 11.26%.

Revenue Rises, Loss Widens

Horizon Industrial Parks reported a net loss of ₹203.6 crore for the year ended March 2026, compared with a loss of ₹178.7 crore in the previous year.

Revenue, however, increased 77.1% to ₹691.4 crore from ₹390.3 crore during the same period.
The company describes its business as an integrated industrial and logistics platform, combining property, infrastructure and operational services for customers.

For investors tracking the Horizon Industrial Parks IPO, the offer will be closely linked to the company’s debt reduction plans and operating performance. The IPO will be the fourth mainboard issue scheduled to open next week, alongside Lalithaa Jewellery Mart, Sunshine Pictures and Shankesh Jewellers.

JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets and 360 ONE WAM have been appointed as merchant bankers for the issue.