Horizon Industrial Parks
Demand
Modest
subscribed 1.52x overall
Grey market
+3.3%
implied listing pop
History says
+0.0%
median at this premium · middle half -5% to +4% · n=71
Listed
-0.6%
day-1 close -3.4% vs issue
Latest GMP
₹2
grey-market premium
Implied pop
+3.3%
GMP over issue price
History says
+0.0%
median actual listing at this GMP (n=71)
Range of outcomes
middle half of 71 listings at this GMP
GMP trend
14 street quotes since 08/23
Final Subscription
Subscribed 1.52xoverall · last updated 2026-08-27 00:45 UTC
| Category | Shares reserved | 25-08 | 26-08 | 27-08 | |||
|---|---|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 12,98,06,819 | 25,21,66,000 | 1.94× | 25,21,66,000 | 1.94× | 25,21,66,000 | 1.94× |
| NII | 6,48,86,363 | 6,66,05,000 | 1.03× | 6,66,05,000 | 1.03× | 6,66,05,000 | 1.03× |
| ∟bNII (> ₹10L) | 4,32,57,576 | 5,15,01,250 | 1.19× | 5,15,01,250 | 1.19× | 5,15,01,250 | 1.19× |
| ∟sNII (< ₹10L) | 2,16,28,788 | 1,51,03,750 | 0.70× | 1,51,03,750 | 0.70× | 1,51,03,750 | 0.70× |
| Retail | 4,32,57,576 | 4,39,12,250 | 1.02× | 4,39,12,250 | 1.02× | 4,39,12,250 | 1.02× |
| Employee | 8,33,332 | 13,64,500 | 1.64× | 13,64,500 | 1.64× | 13,64,500 | 1.64× |
| Total | 23,87,84,090 | 36,40,47,750 | 1.52× | 36,40,47,750 | 1.52× | 36,40,47,750 | 1.52× |
Allotment odds (1 lot lottery once oversubscribed) — Retail: ≈ 1 in 2 applicants · Big NII: ≈ 1 in 2 applicants
Allotment Probability
Retail · subscribed 1.02x
98%
Small HNI (sNII) · subscribed 0.70x
100%
Big HNI (bNII) · subscribed 1.19x
84%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital only |
| Listing At | BSE, NSE |
| Face Value | ₹ 10 per share |
| Price Band | ₹57 to ₹60 |
| Lot Size | 250 shares |
| Total Issue Size | 43,33,76,374 shares (agg. up to ₹ 2,600 Cr) |
| Fresh Issue | 43,33,76,374 shares (agg. up to ₹ 2,600 Cr) |
| Scrip / Symbol | 544880 / HORIZONIND |
| ISIN | INE685T01010 |
🗓️IPO Schedule
Open
Mon, Aug 17, 2026
Close
Wed, Aug 19, 2026
Allotment
Thu, Aug 20, 2026
Refunds
Fri, Aug 21, 2026
Demat credit
Fri, Aug 21, 2026
Listing
Mon, Aug 24, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.74% | 75.4% |
| Public | 11.26% | 24.60% |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | -0.83 → -ve |
| P/E (x) (pre → post) | -72.29 → -ve |
| Market Cap at Offer Price | ₹16,766.96 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 13,495.13 | 9,851.54 | 4,993.18 |
| Total Income | 767.84 | 439.35 | 245.52 |
| Profit After Tax | -203.65 | -178.78 | -162.21 |
| EBITDA | 607.80 | 339.12 | 151.51 |
| NET Worth | 4,676.16 | 122.00 | 266.95 |
| Reserves and Surplus | 3,214.54 | -530.09 | -334.75 |
| Total Borrowing | 6,884.34 | 7,009.11 | 3,688.21 |
🎯Key Performance Indicators
| RoNW | -4.23% |
| EBITDA Margin | 79.16% |
| NAV | 27.89 |
| Price to Book Value | 2.15 |
Lot Size — what an application costs
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 3,250 | ₹1,95,000 |
| S-HNI (Min) | 14 | 3,500 | ₹2,10,000 |
| S-HNI (Max) | 66 | 16,500 | ₹9,90,000 |
| B-HNI (Min) | 67 | 16,750 | ₹10,05,000 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 32,43,75,000 | 75.00% | 74.84% |
| − Anchor Investor | 19,46,25,000 | 44.91% | |
| − QIB (Ex. Anchor) | 12,97,50,000 | 29.94% | |
| NII (HNI) | 6,48,75,000 | 15.00% | 14.97% |
| − bNII > ₹10L | 4,32,50,000 | 9.98% | |
| − sNII < ₹10L | 2,16,25,000 | 4.99% | |
| Retail | 4,32,50,000 | 10.00% | 9.98% |
| Employee | 9,09,090 | 0.21% | |
| Total | 43,34,09,090 | 100.00% | 100.00% |
🔔Listing Day
Issue price
₹60
Listing open
₹60
Open vs issue
-0.6%
Day-1 close
-3.4%
vs issue price
GMP trend
| Date | GMP ₹ | Implied |
|---|---|---|
| 2026-08-25 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-24 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
| 2026-08-23 | 2 | +3.3% |
🏢About Horizon Industrial Parks
Horizon Industrial Parks IPO is a book build issue of ₹2,600.00 crores. The issue is entirely a fresh issue of 43.34 crore shares of ₹2,600.00 crore.
Horizon Industrial Parks IPO bidding started from Aug 17, 2026 and ended on Aug 19, 2026. The allotment for Horizon Industrial Parks IPO was finalized on Aug 20, 2026. The shares got listed on NSE and BSE on Aug 24, 2026.
Horizon Industrial Parks IPO is set final issue price at ₹60 per share. The lot size for an application is 250 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (250 shares) (based on upper price).
The issue includes a reservation of up to 9,09,090 shares for employees offered at a discount of ₹5.00 to the issue price.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Repayment and/or prepayment, in part or full, of certain borrowings availed by the company | 2,250.00 |
| General Corporate Purposes | 241.88 |
| Issue Expenses | 108.12 |
💼Lead Managers
- • JM Financial Ltd.
- • Axis Capital Ltd.
- • IIFL Capital Services Ltd.
- • SBI Capital Markets Ltd.
- • 360 One WAM Ltd.
🗳️Registrar
- • Kfin Technologies Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, 400013
📞 +91 22 4158 1000
✉️ complianceofficer@hiparks.com
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.