Horizon Industrial Parks files DRHP with SEBI for proposed IPO

30 Dec 2025 CW Team

According to the DRHP, the company plans to raise approximately Rs 4,250 crore (around US$ 500 million) through the offering, comprising a fresh issue of about Rs 2,600 crore and a pre-IPO placement of approximately Rs 1,650 crore. The pre-IPO round has already attracted participation from institutional investors including 360 ONE, SBI Life Insurance, SBI, Radhakishan Damani, EAAA and DSP Investments, among others.

Backed by Blackstone, Horizon Industrial Parks has built a pan-India portfolio spanning around 60 million sq ft, of which approximately 27 million sq ft is completed. Its footprint covers 46 assets across 10 cities, including a large in-city network of 17 assets catering to last-mile logistics and urban consumption hubs. The company operates across industrial, logistics and in-city warehousing formats, offering integrated solutions for manufacturing, e-commerce and supply chain players.

The company’s portfolio is reported to have a 95 per cent committed occupancy, supported by a diversified customer base of more than 100 tenants, around 60 per cent of whom are Fortune 500 companies. Horizon’s platform is designed to support India’s growing manufacturing and consumption ecosystem through large-format logistics parks, urban fulfilment centres and integrated industrial facilities.

As per the DRHP, the IPO proceeds will primarily be used to support growth initiatives, including development of new assets, expansion of the existing portfolio, and strengthening the balance sheet.

The filing highlights strong structural tailwinds for the sector, including rapid growth in manufacturing, e-commerce and quick commerce. India’s logistics and industrial real estate market continues to benefit from rising consumption, increasing formalisation, and the need for modern Grade A facilities. The sector remains significantly underpenetrated, with Grade A and B stock substantially lower than in comparable global markets.

Horizon Industrial Parks is led by Urvish Rambhia, Chief Executive Officer, with Kunal Shah serving as Chief Financial Officer. Blackstone remains the sole promoter of the platform.

The proposed IPO is subject to market conditions and regulatory approvals.

Horizon Industrial Parks has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed initial public offering (IPO), marking a significant step in its expansion as one of India’s largest industrial and logistics real estate platforms.According to the DRHP, the company plans to raise approximately Rs 4,250 crore (around US$ 500 million) through the offering, comprising a fresh issue of about Rs 2,600 crore and a pre-IPO placement of approximately Rs 1,650 crore. The pre-IPO round has already attracted participation from institutional investors including 360 ONE, SBI Life Insurance, SBI, Radhakishan Damani, EAAA and DSP Investments, among others.Backed by Blackstone, Horizon Industrial Parks has built a pan-India portfolio spanning around 60 million sq ft, of which approximately 27 million sq ft is completed. Its footprint covers 46 assets across 10 cities, including a large in-city network of 17 assets catering to last-mile logistics and urban consumption hubs. The company operates across industrial, logistics and in-city warehousing formats, offering integrated solutions for manufacturing, e-commerce and supply chain players.The company’s portfolio is reported to have a 95 per cent committed occupancy, supported by a diversified customer base of more than 100 tenants, around 60 per cent of whom are Fortune 500 companies. Horizon’s platform is designed to support India’s growing manufacturing and consumption ecosystem through large-format logistics parks, urban fulfilment centres and integrated industrial facilities.As per the DRHP, the IPO proceeds will primarily be used to support growth initiatives, including development of new assets, expansion of the existing portfolio, and strengthening the balance sheet.The filing highlights strong structural tailwinds for the sector, including rapid growth in manufacturing, e-commerce and quick commerce. India’s logistics and industrial real estate market continues to benefit from rising consumption, increasing formalisation, and the need for modern Grade A facilities. The sector remains significantly underpenetrated, with Grade A and B stock substantially lower than in comparable global markets.Horizon Industrial Parks is led by Urvish Rambhia, Chief Executive Officer, with Kunal Shah serving as Chief Financial Officer. Blackstone remains the sole promoter of the platform.The proposed IPO is subject to market conditions and regulatory approvals.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Real Estate

28 Feb 2026

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Infrastructure Energy

28 Feb 2026

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..