Horizon Industrial Parks, an infrastructure developer specializing in industrial and logistics facilities, has received observations from the Securities and Exchange Board of India (SEBI) regarding its proposed initial public offering (IPO). The IPO consists of a fresh issue amounting to ₹2,600 crore. Additionally, five other companies, including Zepto, Dhoot Transmission, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers, have obtained SEBI approval.
In a pre-IPO funding round before filing the draft red herring prospectus, Horizon Industrial secured ₹1,650 crore from various investors, including the wealth management platform 360 ONE, SBI Life Insurance, State Bank of India, investor Radhakishan Damani, EAAA, and DSP Investments. Following the pre-IPO round, the company aims to raise a total of ₹4,250 crore.
Horizon submitted its draft papers to SEBI in December and is looking to launch its IPO within the current financial year, according to sources familiar with the developments.
Approximately ₹2,250 crore of the fresh issue proceeds will be allocated to repaying existing borrowings made by the company and its subsidiaries, while the remainder will be directed towards general corporate purposes.
Horizon Industrial operates as a fully integrated platform providing fulfilment centers, industrial facilities, and in-city logistics centers to a broad customer base across India. The company boasts a pan-India portfolio of about 60 million square feet, of which approximately 27 million square feet have been completed, spanning 46 assets in 10 cities.
Backed solely by Blackstone, Horizon achieved this scale in just five years since the equity firm’s initial acquisition in 2020. The company integrates development, ownership, and operations within a comprehensive business ecosystem, facilitating the efficient delivery of modern Grade A industrial and logistics infrastructure across vital consumption and industrial markets in India.
The book running lead managers for the IPO include JM Financial Ltd, Axis Capital Ltd, IIFL Capital Services Ltd (previously known as IIFL Securities Ltd), SBI Capital Markets Ltd, and 360 ONE WAM Ltd.
Published on May 8, 2026.
