BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

Horizon Industrial Parks IPO Updates

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Nupur Wankhede

Table of Contents

Learn about Horizon Industrial Parks Limited’s Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures. 

Horizon Industrial Parks Limited has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s industrial real estate business profile, operational model, financial overview, and the broad structure of the proposed public issue.

Horizon Industrial Parks IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

Horizon Industrial Parks Limited has submitted its Draft Red Herring Prospectus to SEBI in December 2025, marking the formal initiation of its IPO process. The filing is currently under regulatory review. Following SEBI observations and approvals, the company will proceed with filing the Red Herring Prospectus (RHP) and announcing the IPO schedule.

The equity shares are proposed to be listed on recognised stock exchanges in India, subject to regulatory clearances.

Issue Structure

As per the DRHP, the proposed IPO is expected to comprise the following components:

Particulars Details

Issue Type

Fresh Issue of Equity Shares and Offer for Sale (OFS)

Fresh Issue

Capital to be raised by the company

Offer for Sale

Partial exit by existing shareholders

Face Value

To be disclosed in RHP

Issue Size

To be finalised post price discovery

Proposed Listing

NSE and BSE

Price Band

To be announced in RHP

Issue Type

Mainboard IPO

These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.

About the Company

Horizon Industrial Parks Limited operates in the industrial real estate and logistics infrastructure segment, focusing on the development, management, and operation of industrial parks, logistics parks, and special economic zones (SEZs) across India.

The company provides developed land parcels, infrastructure, and common facilities catering to manufacturing enterprises, logistics operators, and industrial businesses. Its offerings include internal roads, utilities, power and water infrastructure, waste management systems, and park-level facilities supporting tenant operations.

Horizon Industrial Parks maintains land banks, infrastructure development capabilities, and industrial park management expertise. The company operates in compliance with environmental clearances, industrial park regulations, and SEZ guidelines where applicable.

Its market positioning is supported by its industrial park portfolio, tenant relationships, infrastructure capabilities, and presence in India’s expanding industrial and logistics real estate ecosystem, driven by manufacturing growth, supply chain expansion, and government-led industrialisation initiatives.

IPO Objectives

According to the DRHP, the proceeds from the fresh issue are proposed to be utilised towards the following broad objectives:

Fund Allocation Purpose

Industrial Park Development & Expansion

Development of new industrial and logistics parks and expansion of existing facilities

Land Acquisition

Acquisition of strategic land parcels for future industrial park projects

Infrastructure Development

Roads, utilities, power, water, waste management, and common facilities

Working Capital

Operational expenses, park maintenance, tenant services, and administration

Debt Repayment

Optimisation of capital structure and reduction of borrowing costs

General Corporate Purposes

Administrative and strategic business requirements

These objectives aim to strengthen operational capabilities and support long-term growth in the industrial real estate and logistics infrastructure sector.

Financial Highlights

The DRHP provides an overview of Horizon Industrial Parks Limited’s financial performance, reflecting its operational scale and asset-based business model.

Key Financial Metrics (as disclosed in DRHP)

Fiscal Year / Period Revenue (₹ crore) EBITDA (₹ crore) Profit After Tax (₹ crore)

FY24

452.97

326.0

254.54 (Net Loss)

FY25

608.20

501.7

233.0 (Net Loss)

H1 FY26

162.94

Not explicitly reported

597.12 (Net Loss)

*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.

Horizon Industrial Parks IPO Timeline Summary

The table below summarises the current status of the IPO process based on publicly available information:

Milestone / Stage Date (or Status) Details

DRHP filed with SEBI

December 2025

Draft Red Herring Prospectus submitted for regulatory review

SEBI observations

Awaited

Subject to regulatory review

SEBI approval

Awaited

Approval valid for 12 months from date of issue

Red Herring Prospectus (RHP)

To be announced

Post SEBI observations

IPO Opening Date

To be announced

Final dates to be disclosed

IPO Closing Date

To be announced

As per RHP

Allotment Date

To be announced

Post issue closure

Credit to DEMAT Accounts

To be announced

Post allotment

Listing on NSE/BSE

To be announced

Post listing formalities

Note: Investors should refer to official filings for final IPO dates to learn more about Horizon Industrial Limited IPO listing details and price, and listing timelines.

Keep yourself updated : Check Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs

When did Horizon Industrial Parks Limited file its DRHP?

Horizon Industrial Parks Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India on 29 December 2025. The IPO is proposed to comprise a fresh issue of equity shares aggregating up to ₹1,000 crore and an offer for sale of equity shares aggregating up to ₹1,600 crore, as disclosed in the DRHP.

The Horizon Industrial Parks Limited IPO is currently at the Draft Red Herring Prospectus review stage, with observations and approval from the Securities and Exchange Board of India awaited before the Red Herring Prospectus filing.​

The Horizon Industrial Parks Limited IPO comprises a fresh issue of equity shares aggregating ₹1,000 Crores along with an offer for sale of ₹1,600 Crores by existing shareholders, with final pricing disclosed in the Red Herring Prospectus.​

Subject to regulatory approvals, Horizon Industrial Parks Limited equity shares are proposed to be listed on both the National Stock Exchange and the Bombay Stock Exchange.

Horizon Industrial Parks Limited proposes utilising fresh issue proceeds for capital expenditure on development of new industrial parks, land acquisition, infrastructure enhancement, working capital requirements, debt repayment, and general corporate purposes.​

The Horizon Industrial Parks Limited IPO provides investors exposure to India’s rapidly growing industrial and logistics real estate sector, backed by Blackstone, amid manufacturing push, supply chain upgrades, and demand for Grade-A warehousing facilities.​

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Hi! I’m Nupur Wankhede
BSE Insitute Alumni
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With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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