Blackstone-Backed Horizon Industrial Parks Receives Observations from SEBI for Proposed Initial Public Offering

Horizon Industrial Parks Receives SEBI Observations for Proposed IPO

Horizon Industrial Parks, India's largest industrial and logistics infrastructure developer, owner, and operator in terms of total network area, has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).

The IPO offer comprises an entire fresh issue of Rs 26,000 million (Rs 2,600 crores). Horizon Industrial Parks operates as a fully integrated industrial and logistics platform, offering fulfilment centres, industrial facilities, and in-city logistics centres to a diversified customer base across India. The company has built a pan-India portfolio of approximately 60 million sq. ft., with around 27 million sq. ft. completed, spread across 46 assets in 10 cities.

Backed by Blackstone, its sole promoter, Horizon Industrial Parks has achieved this scale in a record five-year period following Blackstone's first acquisition in 2020. The platform integrates development, ownership, and operations within an end-to-end business ecosystem, enabling the efficient delivery of modern Grade A industrial and logistics infrastructure across key consumption and industrial markets in India.

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The company's proposed IPO will be managed by a team of experienced book running lead managers, including JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), SBI Capital Markets Limited, and 360 ONE WAM Limited.