Horizon Industrial Parks IPO
GMP, Subscription, Price, Dates & Financial Details

Incorporated in 2009 and backed by Blackstone Group, Horizon Industrial Parks is one of India’s leading developers, owners, and operators of industrial and logistics infrastructure. According to a JLL report, the company is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network.

As of the date of the Draft Red Herring Prospectus (DRHP), Horizon Industrial Parks owns 45 logistics and industrial assets across 10 major cities in India, with a total area of approximately 58.01 million square feet (msf). The company focuses on developing modern, strategically located infrastructure that caters to the evolving requirements of e-commerce, retail, manufacturing, logistics, automotive, renewable energy, and other industries.

Core Offerings

Horizon Industrial Parks' business is primarily focused on developing, owning, and leasing large-scale, modern warehouses and industrial facilities. Its key asset categories include:

1. Fulfillment Centers / Warehousing

Fulfillment centers are large-scale warehousing facilities designed to support storage, order processing, distribution, and supply-chain operations. These facilities are primarily used by companies operating in e-commerce, FMCG, retail, and third-party logistics.

As of November 30, 2025, fulfillment centers accounted for approximately 15.55 msf, or 58% of the company's operational area, making this the largest component of its operating portfolio.

2. Industrial Facilities

The company also develops specialized industrial facilities designed to meet the requirements of manufacturing and industrial customers. These facilities cater to sectors such as automobiles and auto components, electric vehicles (EVs), renewable energy, electronics, and general manufacturing.

As of November 30, 2025, industrial facilities represented approximately 10.36 msf, or 39% of the company's operational area.

3. In-City Centers

In-city centers are smaller, strategically located facilities positioned closer to end consumers and urban demand centers. They are designed to support last-mile delivery and urban fulfillment requirements.

These facilities can be used for dark stores, pharmaceutical distribution, cloud kitchens, retail operations, and other consumer-facing services. The company has an in-city center pipeline of approximately 6.31 msf across seven cities, providing an opportunity for future growth in India's rapidly expanding urban logistics market.

Additional Solutions

Beyond its core warehouse and industrial infrastructure offerings, Horizon Industrial Parks provides a range of integrated solutions to meet customers' end-to-end operational requirements. These include:

• Turnkey development solutions
• Solar energy solutions
• Cold-storage facilities
• On-site staff accommodation
• Skill development and training centers
• Other customized infrastructure and value-added services

This integrated approach enables the company to provide customers with infrastructure that goes beyond basic warehousing and supports their broader supply-chain and operational needs.

Customer Base

As of November 30, 2025, Horizon Industrial Parks had served more than 100 customers across a diversified range of industries. Its customer base includes companies operating in:

• E-commerce
• Retail
• Fast-moving consumer goods (FMCG)
• Renewable energy
• Automotive and auto components
• Manufacturing
• Logistics and related sectors

The company serves both multinational corporations (MNCs) and domestic enterprises. Its ability to provide large-scale, technically sophisticated facilities across strategically located sites, combined with its full-service infrastructure solutions, allows it to develop long-term relationships with customers across multiple industries.

Business Strengths

Horizon Industrial Parks' competitive positioning is supported by its large operating portfolio, strategically located assets, technical capabilities, diversified customer base, and integrated service offerings. Its presence across major Indian markets enables customers to establish and expand their distribution and manufacturing networks while benefiting from modern infrastructure and proximity to key consumption and industrial centers.

Overall, the company is positioned to benefit from the continued growth of e-commerce, organized retail, manufacturing, supply-chain outsourcing, urban consumption, and industrial activity in India, which are driving increasing demand for modern logistics and industrial infrastructure.