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.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
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.
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.
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.
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.
The DRHP provides an overview of Horizon Industrial Parks Limited’s financial performance, reflecting its operational scale and asset-based business model.
| 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.
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.
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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
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.