Horizon Industrial Parks Limited’s IPO to Open on August 17

Ahmedabad: Horizon Industrial Parks Limited shall open the Bid/Offer in relation to its Initial Public Offer of Equity Shares on Monday, August 17, 2026. The Price Band of the Offer has been fixed at ₹57 to ₹60 per Equity Share, a press release said.

As per the official statement, Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter. The Anchor Investor Bidding Date shall be Friday, August 14, 2026. The Bid/Offer shall open on Monday, August 17, 2026. The issue comprises entirely a Fresh Issue of equity shares aggregating up to ₹26,000 million, with a face value of ₹10 each.

Asheesh Mohta, Head of Real Estate India, Blackstone, said, “We are pleased to launch India’s first industrial and logistics-focused IPO, which also marks Blackstone’s fifteenth IPO in the country, and seventh real estate listing. This is a continuation of our efforts to drive innovation in Indian capital markets and expand opportunities for our investors. We are proud to have built Horizon Industrial Parks into India’s largest industrial & logistics platform with high-quality assets, marquee tenants and support a critical pillar of economic growth.”

Urvish Rambhia, CEO of Horizon Industrial Parks, said: “This IPO marks a proud milestone for Horizon Industrial Parks. In just six years, we have grown into India’s largest industrial & logistics platform, backed by Blackstone’s global scale, deep sector expertise and strong operating capabilities. Industrial & logistics infrastructure is a critical backbone of manufacturing and economic growth, and we look forward to continuing to build the modern, high-quality facilities India needs to support its next phase of growth.”

The company proposes to utilise the net proceeds from the fresh issue towards:

1. Repayment and/or prepayment, in part or full, of certain borrowings availed by the company.
2. Repayment and/or prepayment, in part or full, of certain borrowings availed by certain wholly owned subsidiaries.
3. General corporate purposes.

The Equity Shares that will be offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges, being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”). For the purposes of the Issue, NSE is the Designated Stock Exchange.

JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), SBI Capital Markets Limited, and 360 ONE WAM Limited are the book-running lead managers to the issue.