Horizon Industrial IPO

Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.

Horizon Industrial Parks Limited is an industrial and logistics infrastructure developer, owner and operator in India. The company provides fulfilment centres (warehouses), industrial facilities and in-city centres across major industrial and consumption hubs. Its fulfilment centres provide bulk storage facilities for sectors such as e-commerce, third-party logistics, FMCG and retail, while its industrial facilities support assembly, light engineering, manufacturing and related storage activities across sectors including renewable energy, electric vehicles, automotive, electronics, aerospace, specialty chemicals and telecommunications. Its in-city centres support uses such as last-mile delivery, micro-fulfilment, cold storage, retail, research and development (R&D) and service centres. The company also provides built-to-suit and plug-and-play facilities, turnkey development, cold storage, energy solutions, on-site staff accommodation, racking and material handling equipment. As of the date of the red herring prospectus, its network comprises 45 assets across 10 cities, totalling 58.58 million square feet of leasable area.