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Horizon IPO Oversubscribed 1.45 Times!
19 Aug
Summary
- Horizon Industrial Parks IPO was subscribed 1.45 times.
- The IPO aimed to raise Rs 2,600 crore through fresh share issuance.
- Funds will be used for debt repayment and general corporate purposes.
Horizon Industrial Parks (HIPL) experienced a highly successful Initial Public Offering (IPO), closing on August 19, 2026, with an oversubscription of 1.45 times. Investors placed bids for 36.37 crore shares against the 25.13 crore shares made available.
The IPO, which had a price band of Rs 57 to Rs 60 per share, opened for subscription on August 17, 2026. The company aimed to raise Rs 2,600 crore through the issuance of new shares with a face value of Rs 10.
Prior to the public offering, HIPL successfully garnered Rs 1,167.75 crore from anchor investors on August 14, 2026. The company plans to allocate Rs 2,250 crore from the net proceeds towards the repayment of certain borrowings, with the remaining funds designated for general corporate purposes.
HIPL specializes in offering Grade A fulfillment centers, industrial facilities, and in-city centers across major Indian hubs. As of the latest data, the firm operates a network of 58.58 million sq ft, including industrial and logistics parks and in-city centers spread across seven metropolitan areas.
