Horizon Industrial Parks IPO Day 3: Issue Closes 1.44x Subscribed

Horizon Industrial Parks IPO closed its bidding window on August 19, 2026, the final day of a three-day subscription period. Incorporated in 2009 and backed by Blackstone Group, the company is India's largest industrial and logistics infrastructure developer, owner, and operator by total network. It develops, owns, and operates Grade-A warehouses, fulfilment centres, industrial facilities, and in-city logistics centres, with a portfolio of 45 assets spanning approximately 58.58 million square feet across 10 key Indian cities, including Mumbai, NCR, Bengaluru, Chennai, and Pune.

This is a ₹2,600 crore IPO, structured as a 100% fresh issue with no offer for sale, meaning the entire amount raised goes into the company. Of the proceeds, ₹2,250 crore is earmarked for repaying or prepaying debt, out of total borrowings of ₹6,884.34 crore as of March 31, 2026.

Price band was ₹57 to ₹60 per share. Lot size is 250 shares, so retail investors needed ₹15,000 to apply at the upper end. Listing is expected August 24 on both BSE and NSE.

Category-wise Breakdown on Day 3

Figures as of 4:36 PM, August 19, 2026 (final close), per NSE data. The issue received bids for 36.27 crore shares against 25.14 crore shares on offer.

What Day 3 Numbers Indicate

QIB has driven this final-day move, closing at 1.85x, a reasonable institutional response for a large industrial and logistics infrastructure issue, since QIB investors typically place the bulk of their bids only in the closing hours once they've had time to assess how the rest of the book has filled up. The employee quota also closed comfortably oversubscribed at 1.41x.

NII and retail both came in just short of full subscription, at 0.97x and 0.94x respectively, with small HNIs (0.66x) trailing big HNIs (1.13x). This more measured response across NII and retail, even as QIB moved past full subscription, tracks with the market's cautious stance on the company's current loss-making status and the 14% year-on-year decline in profit after tax noted earlier in the bidding window, even as revenue grew 75%.

The jump from 0.14x at Day 1's close to 1.44x by the final close shows steady, broad-based improvement through the window, though this remains a more modestly subscribed issue compared to some of the blockbuster demand seen in other recent mainboard IPOs.

Horizon Industrial Parks IPO Subscription Status – Day 3

With bidding now closed, Horizon Industrial Parks' IPO has finished modestly oversubscribed overall, led by QIB demand in the closing hours while retail and NII stayed just under full subscription. Attention now turns to the allotment process, expected on August 20, and to how the stock performs on its August 24 listing.

Horizon Industrial Parks IPO - Allotment and listing date

Should You Apply for Horizon Industrial Parks IPO?

Since bidding has now closed, here's a look back at what shaped the issue:

• It's a 100% fresh issue, so the entire ₹2,600 crore raised goes into the company, with ₹2,250 crore earmarked specifically for repaying or prepaying debt against total borrowings of ₹6,884.34 crore as of March 31, 2026.
• The company is India's largest industrial and logistics infrastructure developer by total network, backed by Blackstone, with a strong occupancy rate of 93.56% across its operational portfolio as of May 31, 2026.
• Revenue grew 75% year-on-year in FY26, though profit after tax declined 14% over the same period, and the business remains loss-making on a restated basis.
• The issue closed subscribed 1.44 times overall, with QIB at 1.85x and the employee quota at 1.41x, while retail (0.94x) and NII (0.97x) closed just short of full subscription, a comparatively modest response given the company's current loss-making status.
• Given retail and NII closed under 1x, applicants in these categories are likely to receive the full quantity applied for, rather than facing a lottery, though this depends on the final basis of allotment.

This is informational content, not investment advice.

How to Apply for Horizon Industrial Parks IPO

Bidding for this issue has now closed. If you missed the window, keep an eye on the listing date to evaluate the stock from the secondary market instead.

Horizon Industrial Parks IPO Important Dates

How to Check Horizon Industrial Parks IPO Subscription Status

How to check Horizon Industrial Parks IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select Horizon Industrial Parks Limited from the dropdown.
3. You'll see the final category-wise bid numbers for the closed issue.

How to check Horizon Industrial Parks IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for Horizon Industrial Parks under recently closed issues.
3. Click on it to view final bid quantity against shares reserved, split by category.

How to check Horizon Industrial Parks IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Horizon Industrial Parks from the list of recent issues. You'll find the final subscription numbers along with your own application status.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed 0.14 times overall, with the employee quota leading at 0.29x, retail at 0.19x, QIB at 0.18x, and NII trailing at 0.03x.

Final Subscription Figures

The issue closed subscribed 1.44 times overall. QIB closed at 1.85x, NII at 0.97x (bNII 1.13x, sNII 0.66x), retail at 0.94x, and the employee quota at 1.41x.

Conclusion

Horizon Industrial Parks' IPO has closed modestly oversubscribed, moving from 0.14x on Day 1 to 1.44x by the final close, driven by a QIB surge to 1.85x and the employee quota closing at 1.41x, while retail and NII both finished just under full subscription. As India's largest Blackstone-backed industrial and logistics infrastructure developer, the comparatively measured demand here reflects the market's cautious read on the company's current loss-making status, even against genuinely strong revenue growth, heading into its August 24 listing.