Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore Initial Public Offering (IPO) for subscription on August 17, with the price band fixed at Rs 57-60 per share.
At the upper price band, the IPO implies a post-issue market capitalisation of around Rs 17,298 crore.
The three-day public issue will close on August 19, and anchor investor bidding will take place on August 14, according to a public announcement.
The issue comprises entirely a fresh issue of equity shares aggregating up to Rs 2,600 crore, with no Offer For Sale (OFS) component.
Of the IPO proceeds, the company plans to use Rs 2,250 crore to repay borrowings and the rest for general corporate purposes.
As of March 2026, the firm had total borrowings of Rs 6,884 crore.
Blackstone holds around 89 per cent stake in the company, as per the Red Herring Prospectus (RHP).
Asheesh Mohta, Head of Real Estate India at Blackstone, said this also marks Blackstone’s 15th IPO in the country, and 7th real esta
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.