Horizon Industrial Parks Ltd IPO

Incorporated in 2009, Horizon Industrial Parks, backed by Blackstone Group, is India’s largest industrial and logistics infrastructure developer, owner, and operator by total network, according to a JLL report. As of the DRHP date, the company owns 45 logistics and industrial assets across 10 major Indian cities, totaling 58.01 million square feet (msf).

Core Offerings

The company develops and leases large, modern warehouses and industrial facilities to major companies. Its core asset types include:

1. Fulfillment Centers (Warehousing): Used by e-commerce, FMCG, retail, and logistics companies, 15.55 msf (58%) of operational area as of Nov 30, 2025.
2. Industrial Facilities: Used for manufacturing, EVs, renewables, electronics, auto, etc, 10.36 msf (39%) of operational area as of Nov 30, 2025.
3. In-City Centers: Located close to consumers for last-mile delivery. Used for dark stores, pharma, cloud kitchens, retail, and service. Total pipeline of 6.31 msf across 7 cities.

Additionally, it also offers turnkey solutions, solar energy solutions, cold storage facilities, on-site staff accommodation, skill development centers, etc.

Customers: As of Nov 30, 2025, the company has served over 100 customers across key sectors, including e-commerce, retail, fast-moving consumer goods (“FMCG”), renewable energy, auto-ancillary, and manufacturing. Our scale, technical capabilities, network of strategically located sites, and full-service offerings allow us to partner with both multinational corporations (“MNCs”).

Competitive Strengths

• Largest player with premium-quality offerings strategically located across prime markets, including in-city locations with a fully integrated platform.
• Well-positioned to benefit from strong industry tailwinds; Our business is derivative of India’s manufacturing, consumption, and e-commerce tailwinds.
• Strong customer relationship - A testament to our ability to lease and actively manage our assets with the ability to provide a comprehensive business ecosystem to our customers, not just real estate solutions.
• Proven engineering and technical capabilities enabling the execution of complex industrial projects.
• Proven expertise in development and acquisitions, backed by a strong track record of executing joint ventures and maintaining government partnerships.
• Commitment to enhanced sustainability practices with high sustainability standards.
• Highly skilled and professional leadership team.