Incorporated in 2009, Horizon Industrial Parks, backed by Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network, according to a JLL report. As of the DRHP date, the company owns 45 logistics and industrial assets across 10 major Indian cities, totaling 58.01 million square feet (msf).
Core Offerings
The company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include:
Additionally, it also offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, skill development centers, etc.
Customers: As of Nov 30, 2025, the company has served over 100 customers across key sectors, including e-commerce, retail, fast-moving consumer goods (“FMCG”), renewable energy, auto-ancillary, and manufacturing. Our scale, technical capabilities, network of strategically located sites, and full-service offerings allow us to partner with both multinational corporations (“MNCs”).
Competitive Strengths
Horizon Industrial Parks Ltd.’s revenue increased by 75% and profit after tax (PAT) dropped by 14% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 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 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Justo Realfintech Ltd. | SME | ₹63.00 Cr | ₹127 | 11.55 | ₹126.75 | -0.20% | ₹89.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or prepayment, in part or full, of certain borrowings availed by the company and Certain wholly owned Subsidiaries of Company, namely Bagur Logistics Park Pvt.Ltd., Embassy Industrial Park Hosur Pvt.Ltd., Farukhnagar Logistics Parks LLP, FRK II Industrial Park Pvt.Ltd., Goodluck Buildtech Pvt.Ltd., ILV Distripark Pvt.Ltd., ILV Distripark (MWC) Pvt.Ltd., Jindpur Industrial Park Pvt.Ltd., Kalina Warehousing Pvt.Ltd., Lakshmi | 2,250.00 |
| 2 | General Corporate Purposes | |
| Total | 2,250.00 |
| KPI | Mar 31, 2026 |
|---|---|
| RoNW | -4.23% |
| EBITDA Margin | 79.16% |
| NAV | 27.89 |
| Price to Book Value | 2.15 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | -0.83 | -ve |
| P/E (x) | -72.29 | -ve |
| IPO Date | 17 to 19 Aug, 2026 |
| Listing Date | Mon, Aug 24, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹60 |
| Lot Size | 250 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹5.00 |
| Total Issue Size | 43,34,09,090 shares (agg. up to ₹2,600 Cr) |
| Fresh Issue | 43,34,09,090 shares (agg. up to ₹2,600 Cr) |
| Share Holding Pre Issue | 2,44,95,26,460 shares |
| Share Holding Post Issue | 2,88,29,35,550 shares |
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Share Holding Pre Issue | 96.8% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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