Horizon Industrial Parks IPO 2026: Price Band, Dates, Lot Size & Key Details

· 4 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

A complete reference on the Horizon Industrial Parks IPO 2026—price band, lot size, subscription dates, issue size, ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​objects of the issue, and recent financials, sourced from the company's public offer documents.

HORIZON INDUSTRIAL PARKS IPO 2026

Price Band, Dates, Lot Size & Key Details

Horizon Industrial Parks is bringing a mainboard initial public offering to the market in August 2026. This piece lays out the offer's structural details—price band, ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​lot size, key dates, issue size, use of proceeds, and recent financials—as disclosed in the company's public filings, for reference purposes only.

IPO Snapshot

Detail

Particulars

Issue type

Book-built IPO, mainboard, entirely a fresh issue (no offer-for-sale)

Price band

₹57 to ₹60 per equity share

Face value

₹10 per equity share

Lot size

250 shares per lot

Minimum retail investment

Approximately ₹15,000 (1 lot, at the upper price band)

Maximum retail investment

Approximately ₹1,95,000 (13 lots, at the upper price band)

Issue size

Up to ₹2,600 crore (approximately 43.34 crore fresh shares)

Subscription period

Opens 17 August 2026, closes 19 August 2026

Allotment finalisation

Expected 20 August 2026

Listing date

Tentatively 24 August 2026, on BSE and NSE

Investor category reservation

Not more than 75% QIB, not less than 15% NII, not less than 10% retail

About the Company

Horizon Industrial Parks was incorporated in 2009 and describes itself, citing a third-party industry report referenced in its offer documents, as India's largest industrial and logistics infrastructure developer, owner, and operator by total network. As of the offer document date, the company's portfolio spanned dozens of logistics and industrial assets across major Indian cities, together with an operational network running ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​into tens of millions of square feet and committed occupancy in the low-to-mid-nineties percentile range. The company has an existing institutional private equity investor holding a large majority pre-issue stake, which will be diluted as new shares are issued through this offer.

Objects of the Issue

The IPO is structured entirely as a fresh issue of equity ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​shares — there is no offer-for-sale component, meaning all net proceeds go to the company rather than to existing shareholders. According to the disclosed objects:

• A large majority of the net proceeds is earmarked for repayment ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​or prepayment of borrowings availed by the company and certain of its subsidiaries.

• The remaining proceeds are set aside for general corporate purposes.

The company's total borrowings stood at several thousand crore rupees as of the most recent fiscal year-end on a restated basis, and ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​it had also completed a pre-IPO primary fundraise in the months leading up to this offer.

Financial Snapshot

The company's recent financial performance, as disclosed in its offer documents, shows revenue and operating profit growth alongside continuing losses at the net level:

Particulars (₹ crore)

FY24

FY25

FY26

Total income

245.52

439.35

767.84

EBITDA

151.51

339.12

607.80

Loss after tax

—

178.78

203.65

Figures are as disclosed in the company's restated financial statements included ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​in its offer documents. This is historical financial data, not a projection or an assessment of future performance.

Key Dates at a Glance

• Subscription opens: 17 August 2026

• Subscription closes: 19 August 2026

• Basis of allotment finalisation: 20 August 2026 (expected)

• Refunds / demat credit: shortly after allotment finalisation

• Tentative listing date: 24 August 2026, on BSE and NSE

How the Application Process Works

Retail applications in a book-built mainboard IPO are typically made through UPI-based or ASBA-based blocking of funds via a bank or broker trading platform, in line with SEBI's standard IPO application framework. Bids can be placed at any price within ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​the band, or at the cut-off price, and must be in the specified lot size or its multiples. Funds are blocked at the time of application and debited only if shares are allotted; unallotted or partially allotted amounts are unblocked after the allotment process concludes.

Frequently Asked Questions

Ques 1. What is the price band for the Horizon Industrial Parks IPO?

The price band has been fixed at ₹57 to ₹60 per equity share.

Horizon Industrial Parks IPO: key figures
ItemValueAs of
Price band₹6031 Aug 2026
Lot size250 shares31 Aug 2026
Issue size₹2600.04 Cr31 Aug 2026
Fresh issue₹2600.04 Cr31 Aug 2026
ExchangeNSE, BSE31 Aug 2026
Issue typeMAINBOARD31 Aug 2026
Face value₹1031 Aug 2026
Opens17 Aug 202631 Aug 2026
Closes19 Aug 202631 Aug 2026
Allotment20 Aug 202631 Aug 2026
Listing24 Aug 202631 Aug 2026
RegistrarKfin Technologies Ltd.31 Aug 2026
Subscription (total)1.52×19 Aug 2026
Horizon Industrial Parks IPO: grey market premium trendunofficial, indicative₹0₹2₹4₹613 Aug15 Aug17 Aug19 Aug21 Aug24 Aug₹4.5₹1₹1.5
Grey-market premium: unofficial, indicative, as of 24 Aug 2026. Not a forecast of the listing price. Updated 17 Oct 2026.
Horizon Industrial Parks: total income and profit after taxProfit after taxTotal income−25002505007501,000246−162FY24439−179FY25768−204FY26
Source: company filings (DRHP/RHP/annual report), FY24–FY26. ₹ crore, restated.

Ques 2. What is the lot size for this IPO?

The lot size is 250 shares per lot, with bids allowed in multiples of that number.

Ques 3. What is the minimum investment required for retail investors?

At the upper end of the price band, one lot of 250 shares requires an investment of approximately ₹15,000.

Ques 4. When does the IPO open and close for subscription?

The issue opens on 17 August 2026 and closes on 19 August 2026.

Horizon Industrial Parks IPO: subscription by categoryfinal figures, 19 Aug 20260.00×1.00×2.00×3.00×1.94×QIB1.03×NII0.70×sHNI1.19×bHNI1.02×Retail1.52×Total
Source: NSE/BSE bid data, as of 19 Aug 2026. Times subscribed per investor category. Updated 17 Oct 2026.

Ques 5. When is the allotment expected, and when will the shares be listed?

The allotment is expected to be finalized on 20 August 2026, with listing tentatively scheduled for 24 August 2026 on both BSE and NSE.

Ques 6. Is this IPO a fresh issue, an offer-for-sale, or both?

It is entirely a fresh issue of equity shares, with no offer-for-sale component, so all net proceeds go to the company.

Ques 7. What is the total size of the IPO?

The issue aims to raise up to approximately ₹2,600 crore through the fresh issue of equity shares.

Ques 8. What will the IPO proceeds be used for?

The bulk of the net proceeds is earmarked for repaying or prepaying borrowings ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​of the company and certain subsidiaries, with the remainder allocated to general corporate purposes.

Ques 9. How are shares reserved across investor categories?

Not more than 75% of the issue is reserved for ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​qualified institutional buyers, not less than 15% for non-institutional investors, and not less than 10% for retail individual investors.

Ques 10. Where can investors find the official details of this IPO?

The Red Herring Prospectus filed with SEBI and the stock exchanges, along with official BSE and NSE announcements, are the primary sources for ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​verified and updated details of the offer.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠​​​⁠⁠⁠​​​⁠⁠⁠⁠⁠​​⁠​​​⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠​⁠⁠⁠​⁠⁠​​⁠​⁠⁠⁠​​⁠​⁠⁠⁠​⁠​​⁠⁠⁠⁠⁠​sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.

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