Horizon Industrial Parks IPO allotment expected today; GMP at 2% — Here’s how to check status

The allotment status for Horizon Industrial Parks’ Rs 2,600 crore IPO is expected to be finalised today, Thursday, August 20. Investors who subscribed to the issue can check their allotment status online through the registrar’s website, as well as the IPO allotment pages of the BSE and NSE, once the status is made available. With the grey market premium (GMP) currently indicating a 2% premium, investors will be watching the allotment and listing closely.

The IPO, which opened for subscription from August 17 to August 19, witnessed a decent response from investors. The issue was subscribed 1.45 times overall. The retail portion was subscribed 96%, while the Non-Institutional Investors (NIIs) portion saw 98% subscription. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 1.85 times.

The Rs 2,600 crore issue comprised an entirely fresh issue of 43.34 crore shares. The company had fixed the IPO price band at Rs 57–Rs 60 per share.


Horizon Industrial Parks shares are proposed to be listed on both the NSE and BSE. The tentative listing date is August 24, 2026.

JM Financial Ltd. served as the book-running lead manager for the IPO, while KFin Technologies Ltd. served as the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit Horizon Industrial Parks Allotment page (https://ipostatus.kfintech.com/)
• Select Horizon Industrial Parks from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Horizon Industrial Parks
• Enter your application number and PAN.

3.BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Horizon Industrial Parks from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click search to view allotment.

Horizon Industrial Parks IPO – Objects of the Issue

The company intends to use the net proceeds from the IPO primarily to reduce its debt obligations. Of the total proceeds, Rs 2,250 crore has been earmarked for the repayment and/or prepayment of certain borrowings.

A substantial portion of the funds will go towards repaying loans availed by the company and its wholly owned subsidiaries, including 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., and Kalina Warehousing Pvt. Ltd., among others.

The proposed debt reduction is expected to strengthen the company’s balance sheet and lower its financial obligations and associated costs. Any surplus proceeds may be utilised for general corporate purposes, subject to applicable laws and regulations.

Financial Performance

Horizon Industrial Parks Ltd. recorded a 75% year-on-year increase in total income, which rose from Rs 439.35 crore in FY25 to Rs 767.84 crore in FY26. Despite the strong growth in income, profitability remained under pressure, with the company’s net loss widening to Rs 203 crore in FY26 from Rs 178 crore in FY25.

About Horizon Industrial Parks

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).

The company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include Fulfillment Centers (Warehousing), Industrial Facilities, and In-City Centers: Located close to consumers to support last-mile delivery and used for dark stores, pharmaceuticals, cloud kitchens, retail, and services. The company has a total pipeline of 6.31 msf across seven cities. In addition, the company offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, skill development centers, and other value-added services.

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