Horizon Industrial Parks IPO Listing: The shares of Horizon Industrial Parks Ltd made a flat debut on the D-street on Monday, August 24. The price band for the public issue was Rs 57-60 per share.
Horizon Industrial Parks IPO listing price on NSE, BSE
Lists at Rs 60.25/sh on NSE vs issue price of Rs 60/sh
Lists at 0.4% premium on NSE vs issue price of Rs 60/sh
Lists at Rs 59.65/sh on BSE vs issue price of Rs 60/sh
Lists at 0.6% discount on BSE vs issue price of Rs 60/sh
Horizon Industrial Parks IPO subscription details
The initial share sale of Horizon Industrial Parks was subscribed 1.45 times on the last day of bidding on Wednesday. The company’s Rs 2,600-crore IPO received bids for 36,37,98,000 shares against 25,13,56,273 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) was subscribed 1.85 times. The category for non-institutional investors received 98 per cent subscription and the quota for retail investors was subscribed 96 per cent.
Horizon Industrial Parks IPO details
The IPO comprises entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component. At the upper price band, the IPO values the company at a post-issue market capitalisation of around Rs 17,298 crore.
The company proposes to use the IPO proceeds primarily to repay borrowings.
About Horizon Industrial Parks
Horizon Industrial Parks is an industrial and logistics infrastructure developer, owner and operator with a portfolio of around 60 million square feet across 46 assets in 10 cities.
Blackstone-backed Horizon Industrial Parks Ltd on Friday raised Rs 1,168 crore from anchor investors.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
