Price Band has been fixed at ₹ 57 to ₹ 60 per Equity Share
- The Floor Price is 5.70 times and the Cap Price is 6.00 times of the face value (₹10 per share) of the Equity shares
- Bid/Offer will open on Monday, August 17, 2026 and close on Wednesday, August 19, 2026 (“Bid Dates”)
- The Anchor investor Bid/Offer Period shall be on Friday, August 14, 2026
- Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter (“No. of Bids”)
- The Company had completed a primary raise of Rs 1,650 crores through a private placement in December 2025, prior to filing of DRHP, from investors like 360 One, SBI Life, Radhakishan Damani and others
- RHP Link: https://www.jmfl.com
August 12, 2026 : Horizon Industrial Parks Limited (The “Company”), 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. (“Price Band”).
Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter. (“Minimum Bid Lot”).
The Anchor Investor Bidding Date shall be Friday, August 14, 2026. The Bid/Offer shall open on Monday, August 17, 2026.
The issue comprises of entirely a Fresh Issue of equity shares aggregating up to ₹26,000 million with face value of ₹10 each.
The company proposes to utilise the net proceeds from the fresh issue towards
- repayment and/or prepayment, in part or full, of certain borrowings availed by the company
- repayment and/or prepayment, in part or full, of certain borrowings availed by certain wholly owned subsidiaries
- 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.
This is an Issue in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Issue is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), 40% of the Anchor Investor Portion shall be reserved in the following manner: (a) 33.33% shall be reserved for domestic Mutual Funds; and (b) 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations.
In the event of undersubscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds, the unsubscribed portion shall be available for allocation to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Issue shall be available for allocation to Non- Institutional Bidders (“NIBs”) of which (a) one third portion shall be reserved for Bidders with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-thirds of the portion shall be reserved for Bidders with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations and not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price.
Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids received from them at or above the Issue Price (net of Employee Discount, if any). All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders (defined herein) using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process.
About Horizon Industrial Parks
Horizon Industrial Parks Limited (“Horizon”) is India’s largest industrial and logistics infrastructure developer, owner and operator in terms of Total Network (in terms of total area of our assets), with 45 assets across 10 cities and 59 msf of Total Network(1). As of May 31, 2026, the network includes 29 msf of operating assets with a committed occupancy of 93.6%. Horizon has 3 core offerings: fulfilment centers for bulk storage, industrial facilities (designed to support assembly, light manufacturing) and multi-use in-city centers located around dense residential cluster. Horizon owns the largest in-city platform comprising 17 sites located across metros with a total network of 7 msf(1). Horizon serves a diversified base of 118 customers belonging from key sectors of the Indian economy like e-commerce, retail, FMCG, auto, EV, renewables, etc. Horizon has demonstrated strong operational performance with 17 msf new leasing and 12 msf developments since FY24 (including 5 msf of leasing and developments since FY26).
Disclaimer
Horizon Industrial Parks Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP along with the Abridged Prospectus dated August 11, 2026. The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.hiparks.com and on the websites of the Book Running Lead Managers (“BRLMs”), i.e. JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), SBI Capital Markets Limited, 360 ONE WAM Limited at www.jmfl.com, www.axiscapital.co.in, www.iiflcapital.com , www.sbicaps.com, and www.360.one, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” on page 28 of the RHP filed with SEBI and the Stock Exchanges. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges for making any investment.
This public announcement is not an offer of securities for sale in the United States or elsewhere. This public announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) within the United States solely to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
