By Ventura Research Team 4 min Read
Horizon Industrial Parks IPO subscription status and category-wise bids
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Summary:

Horizon Industrial Parks IPO remained muted on Day 2, with overall subscription at 0.17x as of 11:24 AM. Retail led at 0.32x, followed by QIBs at 0.19x, while NII demand remained weak at 0.05x. With one day left, the IPO needs a significant pickup in institutional and HNI demand before closing on August 19.

Horizon Industrial Parks, the Blackstone-backed industrial and logistics infrastructure developer, entered Day 2 of its ₹2,600 crore mainboard IPO on August 18, 2026, continuing to see muted demand after a subdued opening day. As of 11:24 AM on Day 2, the issue stood at just 0.17 times overall subscription.

Horizon Industrial Parks IPO - Day 2 Subscription Status

As of 11:24 AM on August 18, 2026, the Horizon Industrial Parks IPO was subscribed 0.17 times overall. Retail investors led demand at 0.32 times, followed by Qualified Institutional Buyers (excluding anchor investors) at 0.19 times, while Non-Institutional Investors lagged at just 0.05 times.

Category-wise Breakdown on Day 2

CategorySubscription (x)
Qualified Institutional Buyers (QIBs, ex-anchor)0.19
Non-Institutional Investors (NIIs)0.05
Retail Individual Investors (RIIs)0.32
Overall0.17

Note: figures reflect NSE data as of 11:24 AM on Day 2 and are expected to move through the remainder of the trading session.

What Day 2 Numbers Indicate

Retail investors continuing to lead subscription, even at a modest 0.32 times, is consistent with the pattern seen on Day 1, when the issue was subscribed just about 2% by mid-morning. The comparatively weak NII response at 0.05 times suggests larger HNI applicants are staying on the sidelines, likely waiting for clearer signals on institutional appetite before committing capital. With ₹2,250 crore of the ₹2,600 crore raise earmarked for debt repayment against FY26 finance costs of around ₹539 crore, investors appear to be weighing the company's leverage profile carefully before applying.

Horizon Industrial Parks IPO Subscription Status – Day 2 & Day 1

DayDateSubscription (x)
Day 1August 17, 2026~0.14x (end of day)
Day 2August 18, 20260.17x (as of 11:24 AM)

Horizon Industrial Parks IPO - Allotment and Listing Date

The basis of allotment for Horizon Industrial Parks IPO is expected to be finalised on August 20, 2026. Shares are likely to be credited to demat accounts around the same time, with listing on the BSE and NSE tentatively scheduled for August 24, 2026.

Should You Apply for Horizon Industrial Parks IPO?

Horizon Industrial Parks is an industrial and logistics infrastructure developer, owner, and operator backed by Blackstone Group. Incorporated in 2009, the company operates a portfolio of 45 properties spanning approximately 58.58 million square feet across ten Indian cities, with a committed occupancy rate of about 93.6% as of May 2026 and a customer base of over 118 clients across logistics, e-commerce, manufacturing, and retail sectors.

Investors considering the issue should weigh the company's strong occupancy levels, diversified customer base, and exposure to India's growing warehousing and logistics sector against its debt burden — finance costs of roughly ₹539 crore in FY26 represent a significant portion of operating revenue, and the bulk of IPO proceeds are earmarked for debt repayment rather than growth capital. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers.

How to Apply for Horizon Industrial Parks IPO

Investors can apply for the Horizon Industrial Parks IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 250 shares, requiring a minimum investment of approximately ₹15,000 at the upper price band of ₹60.

Horizon Industrial Parks IPO Important Dates

EventDate
IPO Open DateAugust 17, 2026
IPO Close DateAugust 19, 2026
Allotment FinalisationAugust 20, 2026
Listing DateAugust 24, 2026
Listing ExchangesBSE, NSE

Day 1 & Day 2 Subscription Updates

Subscription has moved only marginally between Day 1 and Day 2, from roughly 0.14 times at the end of the opening session to 0.17 times by mid-morning on Day 2. With one more day of bidding remaining, the issue will need a substantial pickup — particularly in the QIB and NII categories — to reach full subscription by the close on August 19, 2026. Institutional bidding for mainboard issues typically surges in the final hours, so Day 3 numbers will be the key indicator of overall demand.

How to Check Horizon Industrial Parks IPO Subscription Status

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

  1. Visit the NSE IPO issue information page (nseindia.com).
  2. Search for "Horizon Industrial Parks" or enter the relevant symbol.
  3. Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
  4. The page refreshes periodically to show live bidding figures during market hours.

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

  1. Visit the BSE IPO page (bseindia.com).
  2. Navigate to the "Active IPO" or "IPO Bidding" section.
  3. Select "Horizon Industrial Parks Limited" from the list of active issues.
  4. View category-wise and overall subscription figures, updated through the bidding window.

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

Ventura clients can track real-time subscription status for the Horizon Industrial Parks IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.

IPO Subscription History

Previous Day Subscription

The issue opened to a subdued response on Day 1, subscribed only around 2% by mid-morning and finishing the day at approximately 0.14 times overall, with retail leading at 0.19 times and NII trailing at just 0.03 times.

Final Subscription Figures

As of the Day 2 update at 11:24 AM, the Horizon Industrial Parks IPO stood at 0.17 times overall subscription, with retail investors leading at 0.32 times, QIBs (ex-anchor) at 0.19 times, and NIIs at 0.05 times. Final figures will be updated once bidding concludes on August 19, 2026.

Conclusion

Horizon Industrial Parks' IPO continues to see muted demand heading into Day 2, with overall subscription inching up to just 0.17 times. With one day of bidding left and the company's debt-heavy balance sheet likely weighing on investor sentiment, subscription numbers will need a sharp final-day push — particularly from institutional investors — for the issue to see meaningful oversubscription before it closes on August 19, 2026.

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