IPO Listed — 24 Aug 2026
Listing Price: ₹60.25
Horizon Industrial Parks IPO GMP History | Listing Price ₹60.25 & Kostak Rate
Horizon Industrial Parks IPO has been listed on August 24, 2026 at a listing price of ₹60.25, against the issue price of ₹60 — a gain of ₹0.25 (+0.42%). The GMP peaked at ₹4.5 on 13 August 2026 and reached a low of ₹1 on 18 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Horizon Industrial Parks IPO raised ₹2600.04 Cr. through its IPO at a price band of ₹57 to ₹60 per share, with a lot size of 250 shares. The IPO was open for subscription from 17 Aug 2026 to 19 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Aug 2026 | ₹ 1.5 | 2.50% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 1.5 | 2.50% | ₹ 0 | ₹ 0 | |
| 22 Aug 2026 | ₹ 3 | 5.00% | ₹ 0 | ₹ 0 | |
| 21 Aug 2026 | ₹ 2.5 | 4.17% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 3.4 | 5.67% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 1.3 | 2.17% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 1 | 1.67% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 1.7 | 2.83% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 3.5 | 5.83% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 4 | 6.67% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 4 | 6.67% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 4.5 | 7.50% | ₹ 0 | ₹ 0 |
Horizon Industrial Parks IPO Dates
| Event | Date |
|---|---|
| Open Date | 17 Aug, 2026 |
| Close Date | 19 Aug, 2026 |
| Allotment Date | 20 Aug, 2026 |
| Refund Date | 21 Aug, 2026 |
| Credit to Demat | 21 Aug, 2026 |
| Listing Date | 24 Aug, 2026 |
Horizon Industrial Parks IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹60 |
| GMP-Based Estimate (Pre-Listing) | ₹61 (+1.7%) |
| Actual Listing Price | ₹60.25 (+0.42%) |
| Listing Gain / Loss | +₹0.25 per share |
| Listing Date | 24 Aug, 2026 |
Is Horizon Industrial Parks IPO GMP Reliable?
Grey market premium for Horizon Industrial Parks IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Horizon Industrial Parks IPO full review for a fundamentals-based assessment before making any grey market trades.
Horizon Industrial Parks IPO IPO Kostak Rate Explained
The Kostak rate for Horizon Industrial Parks IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Horizon Industrial Parks IPO
The company builds large modern warehouses and industrial buildings and gives them on long term rent. Its properties are of three types. Fulfillment centres, that is warehouses used by e-commerce, FMCG, retail and logistics companies, made up 15.55 million square feet or 58% of the operational area as on 30 November 2025. Industrial facilities used for manufacturing, EV, renewable energy, electronics and auto units made up 10.36 million square feet or 39%. In-city centres, which are small warehouses near customers for last mile delivery, dark stores, pharma and cloud kitchens, have a pipeline of 6.31 million square feet across 7 cities.
The company also gives turnkey construction, solar power, cold storage, staff accommodation and skill development facilities. As on 30 November 2025 it had served more than 100 customers, including many multinational companies.
Strengths & Risks
Strengths
- ✓ It is the largest industrial and logistics infrastructure player in India by total network as per the JLL report, with 45 assets and 58.01 million square feet across 10 cities.
- ✓ It is backed by the Blackstone Group, which brings capital strength and professional management.
- ✓ Revenue is growing fast. Total income went from Rs 245.52 crore in FY2024 to Rs 439.35 crore in FY2025 and Rs 767.84 crore in FY2026, a 75% rise in the last year.
- ✓ EBITDA is strong and rising, from Rs 151.51 crore in FY2024 to Rs 339.12 crore in FY2025 and Rs 607.80 crore in FY2026. The operating business itself is profitable.
- ✓ The whole issue of Rs 2,600 crore is a fresh issue. No promoter is selling and the full amount comes to the company.
- ✓ Rs 2,250 crore of the money will repay borrowings of the company and its subsidiaries, which will directly reduce interest cost.
- ✓ The customer base is wide, with over 100 customers across e-commerce, retail, FMCG, renewable energy, auto ancillary and manufacturing.
- ✓ Warehousing demand is supported by the growth of e-commerce, quick commerce and factory setups in India.
Risks
- ⚠ The company is making losses. Profit after tax was a loss of Rs 162.21 crore in FY2024, Rs 178.78 crore in FY2025 and Rs 203.65 crore in FY2026. The loss is getting bigger every year.
- ⚠ There is no P/E to compare. EPS is negative, so the issue cannot be judged on earnings. The market capitalisation at the offer price is about Rs 17,297.61 crore.
- ⚠ Debt is very high. Total borrowing was Rs 6,884.34 crore as on 31 March 2026. Even after using Rs 2,250 crore to repay, a large loan will remain on the books.
- ⚠ Retail investors get a small part of this issue. Not less than 75% of the net issue is for QIB and not more than 10% is for retail.
- ⚠ Net worth jumped from Rs 122.00 crore to Rs 4,676.16 crore in one year because of restructuring, so the older year ratios are not comparable with the latest year.
- ⚠ This is a capital heavy business. Land, construction and interest costs are large, and any rise in interest rates directly hits the company.
- ⚠ RoNW was minus 4.23%, so the company is not yet earning a return on shareholder funds.
- ⚠ The promoter is a foreign private equity entity, BREP Asia II EIP Holding (NQ) Pte. Ltd. Its holding falls from 88.74% to 75.40%, and private equity owners normally sell down further over time.
Frequently Asked Questions about Horizon Industrial Parks IPO
What is the GMP of Horizon Industrial Parks IPO?
The current Grey Market Premium (GMP) of Horizon Industrial Parks IPO is ₹ 1.5.
What is the Kostak Price of Horizon Industrial Parks IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Horizon Industrial Parks IPO is currently not available.
What is the Subject to Sauda Price of Horizon Industrial Parks IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Horizon Industrial Parks IPO?
Horizon Industrial Parks IPO listed on August 24, 2026 at ₹60.25, against the issue price of ₹60 — a gain of +0.42%.
How did the GMP of Horizon Industrial Parks IPO trend before listing?
The GMP of Horizon Industrial Parks IPO was stable in its final days before listing. The GMP peaked at ₹4.5 on 13 August 2026. View the day-wise table above for the complete GMP history.
Explore Horizon Industrial Parks IPO Further
For a complete picture before making your investment decision, explore these resources:
