Horizon Industrial Parks IPO
Horizon Industrial Parks Limited (HORIZONIND) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +3.8% (likely range -3% to +9%), day's high +9.2%, chance of a gain 51%. Actual: +0.4% at the open, +0.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 13,65,78,947 | 25,21,66,000 | 1.85x | |
| NII (HNI) total | 6,82,89,473 | 6,66,05,000 | 0.98x | |
| Big NII (above ₹10 lakh) | 4,55,26,316 | 5,15,01,250 | 1.13x | |
| Small NII (₹2-10 lakh) | 2,27,63,157 | 1,51,03,750 | 0.66x | |
| Retail | 4,55,26,315 | 4,36,62,500 | 0.96x | |
| Employees | 9,61,538 | 13,64,500 | 1.42x | |
| Total | 25,13,56,273 | 36,37,98,000 | 1.45x |
Bids on NSE and BSE together, as published by NSE, as of 19 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Horizon Industrial Parks's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ather EnergyApr 2025 | 1.70x | 0.66x | 1.78x | 1.43x | ₹3,106 Cr | +2.2% | +3.7% |
| PhysicswallahNov 2025 | 2.70x | 0.48x | 1.06x | 1.81x | ₹3,684 Cr | +33.0% | +48.6% |
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
| Juniper HotelsFeb 2024 | 2.96x | 0.85x | 1.28x | 2.08x | ₹1,895 Cr | +1.4% | +11.5% |
| Carraro IndiaDec 2024 | 2.21x | 0.60x | 0.71x | 1.12x | ₹1,317 Cr | -7.5% | -3.1% |
| Paradeep PhosphatesMay 2022 | 3.01x | 0.82x | 1.37x | 1.75x | ₹1,637 Cr | +4.8% | +12.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| SBI Capital Markets | 56 | +16.7% | 61% |
| 360 One WAM | 3 | +12.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Horizon Industrial Parks IPO price band and lot size? ₹57.0–60.0 per share, with a lot of 250 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 1.45x overall: QIB 1.85x, NII 0.98x, retail 0.96x, employees 1.42x.
How did it list? It opened at ₹60.2, +0.4% against the issue price of ₹60.0, and closed its first day -3.1%.
