Blackstone-backed Horizon Industrial Parks files for Rs.2,600-Cr IPO

Blackstone-backed Horizon Industrial Parks has launched an initial public offering (IPO) to raise INR 2,600 crore through a fresh issue of shares. The company has fixed the price band at INR 57-60 per share.The company operates an industrial and logistics platform that has expanded from 3 million sq ft in 2022 to nearly 28.6 million sq ft. With a total build potential of 61 million sq ft, the firm intends to use the proceeds to reduce debt and support the development of its remaining 33 million sq ft pipeline.