Horizon Industrial Parks IPO
Bookbuilding IPO | ₹2,600.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Mon, Aug 17, 2026
IPO Close
Wed, Aug 19, 2026
Price Band
₹57.00 to ₹60.00
Market Cap (Pre-IPO)
₹17,297.61 Cr
IPO Details
| IPO Date | Aug 17, 2026 to Aug 19, 2026 |
| Listing Date | Tentative: Aug 24, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹57.00 to ₹60.00 |
| Lot Size | 250 Shares (Minimum: ₹15,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹2,600.00 Crores |
| Total Shares Offered | 433,409,090 shares |
| Fresh Issue | 433,409,090 shares |
| Offer For Sale | 433,409,090 shares |
Horizon Industrial Parks IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Horizon Industrial Parks IPO Lot Size
Investors can bid for a minimum of 250 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 32,505 | ₹195,000 |
| S-HNI (Min) | 14 | 3,500 | ₹210,000 |
| S-HNI (Max) | 66 | 16,500 | ₹990,000 |
| B-HNI (Min) | 67 | 16,750 | ₹1,005,000 |
Horizon Industrial Parks Financial Information (Restated Consolidated)
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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| RoNW (Return on Net Worth) | -4.23% |
| EBITDA Margin | 79.16% |
| Price to Book Value | 2.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -0.83 | - |
| P/E (x) | -72.29 | - |
Company Overview
Gulf Lloyds (India) Ltd. – Company Overview
- Gulf Lloyds (India) Ltd. is engaged in providing third-party inspection, auditing, testing, certification, and training services across multiple industries.
- The company serves public sector undertakings and private organisations, helping them ensure quality, safety, regulatory compliance, and adherence to technical specifications.
- Service Portfolio:
- Pre-Shipment & Cargo Inspection
- Marine Inspection
- Oil & Gas Industry Inspection
- Power Generation Inspection
- Mining & Manufacturing Inspection
- Industrial Equipment Inspection
- Electrical & Automotive Inspection
- Auditing, Testing & Certification
- Training Services
- The company has over a decade of experience and has executed projects across India and international markets, including the USA, UAE, China, and Germany.
- Its clientele includes companies such as IOAGPL, Ratnamani Metals & Tubes, John Energy, Chicago Pneumatic Compressors, Tatsuno India, and Corrtech International, among others.
- The company's registered office is located in Ahmedabad, Gujarat, and it focuses on providing customer-oriented, efficient, and cost-effective inspection and certification solutions.
- As of May 31, 2026, the company had 715 personnel, including regular employees, contract staff, and consultants.
Company Strengths
- Largest player with premium-quality offerings strategically located across prime markets, including in-city locations with a fully integrated platform.
- Well-positioned to benefit from strong industry tailwinds; Our business is derivative of India’s manufacturing, consumption, and e-commerce tailwinds.
- Strong customer relationship - A testament to our ability to lease and actively manage our assets with the ability to provide a comprehensive business ecosystem to our customers, not just real estate solutions.
- Proven engineering and technical capabilities enabling the execution of complex industrial projects.
- Proven expertise in development and acquisitions, backed by a strong track record of executing joint ventures and maintaining government partnerships.
- Commitment to enhanced sustainability practices with high sustainability standards.
- Highly skilled and professional leadership team.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | industrial and logistics real estate |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹17,297.61 Cr |
Important Dates
| IPO Open | Aug 17, 2026 |
| IPO Close | Aug 19, 2026 |
| Allotment Date | Aug 20, 2026 |
| Credit to Demat | Aug 21, 2026 |
| Listing Date | Tentative: Aug 24, 2026 |
Lead Manager(s)
JM Financial Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹2,600.00 crores.
- Issue Structure: Entirely a fresh issue of 43.34 crore shares aggregating to ₹2,600.00 crores.
- IPO Dates: The issue opens on August 17, 2026 and closes on August 19, 2026.
- Allotment Date: The allotment is expected to be finalized on August 20, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on August 24, 2026.
- Retail Investment Requirement: Minimum 1 lot (250 shares) amounting to approximately ₹15,000 (at the upper price band).
- Issue Price Band: ₹57 to ₹60 per equity share.
- Lot Size: 250 shares per lot.
This IPO offers investors an opportunity to participate in the industrial parks and infrastructure sector through an entirely fresh issue of shares.