Can Horizon Parks IPO deliver long-term growth for high-risk investors?
By
, ET Bureau Last Updated: Aug 17, 2026, 05:47:00 AM IST
Synopsis
Horizon Industrial Parks plans a ₹2,600 crore IPO to reduce its debt burden. The company develops and leases large warehouses and industrial facilities across India. Revenue and EBITDA have shown significant annual growth in recent years. However, the company has not yet achieved profitability, with net losses widening. Investors with a high-risk appetite may consider this long-term opportunity.
ETMarkets.com Horizon Industrial Parks
ET Intelligence Group: Horizon Industrial Parks, a logistics infrastructure developer, plans to raise ₹2,600 crore through a fresh issue to repay debt and general corporate purposes. The promoter group’s stake will fall to 75.4% after the IPO from 88.7%. The company develops and leases large warehouses and industrial facilities. Top four cities contribute about four-fifth to the total revenue. Nearly 43% of the revenue comes from top 10 customers. The company is yet to record profits. After the IPO, debt is expected to reduce significantly. Given the growth prospects for the sector and expected deleveraging, investors with a high-risk appetite may consider the issue from a long-term perspective.
Agencies Logistics infra provider is in loss, but profitability could improve after repayment of debt
Business
Incorporated in 2009, Horizon Industrial Parks is the country’s largest industrial and logistics infrastructure developer, owner and operator by total network, according to Jones Lang LaSalle Property Consultants (India). It also offers turnkey solutions, solar energy solutions, cold storage facilities, and on-site staff accommodation. It owns 45 logistics and industrial assets across 10 major Indian cities, totalling 58.6 million square feet. It offers three core asset categories such as fulfilment centres for warehousing and logistics operations, industrial facilities for manufacturing and industrial occupiers, and in-city centres catering to urban distribution and last-mile logistics needs.
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Financials
Revenue from operations rose 73.8% annually to ₹691.4 crore and operating prof
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