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IPO Listed — 24 Aug 2026

Listing Price: ₹60.25 (+0.42% vs ₹60)

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Horizon Industrial Parks

Horizon Industrial Parks IPO Review

Horizon Industrial Parks IPO has been reviewed by 3 analysts, and the overall consensus is Avoid — carrying a score of 33. Out of the 3 analysts who have covered this IPO, 1 recommend subscribing while 2 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹57-60 per share , with a minimum application size of 250 shares (minimum investment of approximately ₹15,000 at the upper band) . Subscription ran from 17 Aug 2026 to 19 Aug 2026. As of now, the grey market premium (GMP) for Horizon Industrial Parks IPO is quoting at ₹1.5 (2.50%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Horizon Industrial Parks, set up in 2009 and backed by Blackstone, is described in the notes as India's largest industrial and logistics infrastructure developer and operator by network, offering Grade A warehouses, industrial facilities and in-city centres. Analyst opinion was negative: two of the three covering it said avoid, one said subscribe.

Listing Gains

The notes value the issue at roughly 42 times EV to FY26 EBITDA of ₹531 crore on a post-issue basis. Because the company is loss-making, no earnings multiple applies at all. With two of the three analysts advising avoid at this price, the coverage pointed clearly towards a weak listing.

Short Term Strategy

The reason for the avoid ratings is straightforward. The company has recorded persistent losses, with loss after tax widening from ₹162.21 crore in FY24 to ₹178.78 crore in FY25 and ₹203.65 crore in FY26. Fresh money goes towards repaying borrowings, which should ease interest, but profitability remains the near-term problem.

Long Term Strategy

The positive note rests on scale and sponsor backing in a sector supported by warehousing and logistics demand, with EBITDA growing strongly from ₹151.51 crore to ₹607.80 crore over three years. The unresolved question across the coverage is when that EBITDA turns into actual profit, given the widening bottom-line losses.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Avoid
33 / 100

Recommend Subscribe

Based on 3 analyst reviews

1 / 3

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Adroit Financial Services
Adroit Financial Services
Avoid
BP Equities
BP Equities
Apply
Marwadi Shares & Finance
Marwadi Shares & Finance
Avoid

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Frequently Asked Questions

Should I apply for Horizon Industrial Parks IPO?

Based on analyst coverage tracked on this page, the overall verdict for Horizon Industrial Parks IPO is Avoid. Out of 3 analysts who have reviewed this IPO, 1 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 33 mean for Horizon Industrial Parks IPO?

The score of 33 is an aggregate of all analyst ratings tracked for Horizon Industrial Parks IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Scroll down to read individual analyst verdicts for more context.

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% (₹0.25 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Horizon Industrial Parks IPO?

Horizon Industrial Parks IPO was priced at ₹57-60 per share. The minimum lot size is 250 shares, making the minimum investment approximately ₹15,000 at the upper end of the price band. Subscription ran from 17 Aug 2026 to 19 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.