Horizon Industrial Parks will open its Rs 2,600 crore IPO for public subscription from August 17 to August 19, 2026. The Blackstone-backed warehousing firm set a price band of Rs 57-60 per share, with the majority of proceeds allocated to debt repayment.
Blackstone-backed Horizon Industrial Parks has announced its plan to raise Rs 2,600 crore through an initial public offering. The company has set a price band of Rs 57 to Rs 60 per share for the issue, which will be open for public subscription from August 17 to August 19, 2026. Investors looking to participate through the anchor book will have their window open on August 14.
Horizon Industrial Parks specializes in industrial and logistics real estate. The company operates a network of 45 assets across 10 major Indian cities, totaling 58.58 million square feet. These assets serve as fulfillment centers and industrial infrastructure for various businesses.
The company’s latest financial results show a mix of strong revenue growth and continued losses. In the financial year ending March 2026, revenue increased by 77.1 percent to Rs 691.4 crore, compared to Rs 390.3 crore in the previous year. However, the company reported a net loss of Rs 203.6 crore for fiscal 2026, slightly wider than the loss of Rs 178.8 crore reported in fiscal 2025. Investors may watch how the company plans to improve its profit margins as it scales its operations.
A central focus of this IPO is the use of funds raised. Out of the Rs 2,600 crore, the company plans to use Rs 2,250 crore to repay its consolidated debt. As of the end of fiscal 2026, the company had total borrowings of Rs 6,884.34 crore. Reducing this debt load is a key priority, as high borrowing costs can put pressure on financial performance. Following the IPO, Blackstone will retain a 75.4 percent stake, reflecting its continued interest in the business.
Potential investors should also consider the concentration risks inherent in the business model. A significant portion of the company’s revenue is derived from assets in specific markets like Delhi-NCR, Chennai, Bangalore, and Pune. Additionally, the company’s success is linked to its ability to retain major clients, and any loss of key lease commitments could impact the company’s earnings. The shares are scheduled to list on the stock exchanges on August 24, 2026.