Horizon Industrial IPO
Miscellaneous • ₹2600 Cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹60
Lot Size
250 shares
Issue Size
₹2600 Cr
Open
17 Aug 2026
Close
19 Aug 2026
Subscription
1.44×
IPO Schedule
| Issue Open Date | 17 Aug 2026 |
| Issue Close Date | 19 Aug 2026 |
| Allotment Date | 20 Aug 2026 |
| Listing Date | 23 Aug 2026 |
About Horizon Industrial
Horizon Industrial Parks Limited is an industrial and logistics infrastructure developer, owner and operator in India. The company provides fulfilment centres (warehouses), industrial facilities and in-city centres across major industrial and consumption hubs. Its fulfilment centres provide bulk storage facilities for sectors such as e-commerce, third-party logistics, FMCG and retail, while its industrial facilities support assembly, light engineering, manufacturing and related storage activities across sectors including renewable energy, electric vehicles, automotive, electronics, aerospace, specialty chemicals and telecommunications. Its in-city centres support uses such as last-mile delivery, micro-fulfilment, cold storage, retail, research and development (R&D) and service centres. The company also provides built-to-suit and plug-and-play facilities, turnkey development, cold storage, energy solutions, on-site staff accommodation, racking and material handling equipment. As of the date of the red herring prospectus, its network comprises 45 assets across 10 cities, totalling 58.58 million square feet of leasable area.
Company Details
Founders / Promoters
Urvish Jayantilal Rambhia
Founded
2009
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Horizon Industrial — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.9x and elevated disclosed risk (8/10), Horizon Industrial listed at a premium of 0.4% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- As of May 31, 2026, the company had a total network of 58.58 million square feet across 45 assets in 10 major industrial and consumption hubs in India. Its network includes fulfilment centres, industr
- The company claims to have a fully integrated industrial and logistics platform, combining real estate, infrastructure and operational services. Its offerings include turnkey solutions, energy solutio
- The company had 118 customers as of May 31, 2026, across sectors including e-commerce, retail, FMCG, renewable energy, auto ancillary and manufacturing. No single customer accounted for more than 10%
- The company claims to have engineering and technical capabilities for developing customised industrial facilities. It has executed projects for customers including Fosroc, Lumax, Schneider Electric, V
- The company has in-house development and acquisition teams comprising 120 and 11 personnel, respectively, as of May 31, 2026. Between Fiscal 2024 and May 31, 2026, it delivered 11.93 million square fe
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹60
Listing Price
₹60.25
Listing Gain/Loss
+0.42%
Listing Date
23 Aug 2026
Price Since Listing
Returns are measured against the ₹60 issue price.
Listing
₹60.25
+0.4%
1 Week
₹58.05
-3.3%
Current
₹54.9
-8.5%
Want to buy this stock?
Trade Horizon Industrial on the secondary market
FAQ
What is the price band of Horizon Industrial IPO?
The price band is ₹60 per share with a lot size of 250 shares. Minimum investment: ₹15,000.
What does Horizon Industrial do?
Horizon Industrial Parks Limited is an industrial and logistics infrastructure developer, owner and operator in India. The company provides fulfilment centres (warehouses), industrial facilities and in-city centres across major industrial and consumption hubs. Its fulfilment centres provide bulk storage facilities for sectors such as e-commerce, third-party logistics, FMCG and retail, while its industrial facilities support assembly, light engineering, manufacturing and related storage activities across sectors including renewable energy, electric vehicles, automotive, electronics, aerospace, specialty chemicals and telecommunications. Its in-city centres support uses such as last-mile delivery, micro-fulfilment, cold storage, retail, research and development (R&D) and service centres. The company also provides built-to-suit and plug-and-play facilities, turnkey development, cold storage, energy solutions, on-site staff accommodation, racking and material handling equipment. As of the date of the red herring prospectus, its network comprises 45 assets across 10 cities, totalling 58.58 million square feet of leasable area.
Should I apply for Horizon Industrial IPO?
Horizon Industrial listed at ₹60.25 (+0.4% premium to the ₹60 issue price) after 1.4x subscription. IPOFins Score 4/10: Driven by QIB demand at 1.9x and elevated disclosed risk (8/10), Horizon Industrial listed at a premium of 0.4% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Horizon Industrial?
Horizon Industrial was founded by Urvish Jayantilal Rambhia in 2009.