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Horizon Industrial Parks, India's largest industrial and logistics infrastructure developer, aims to raise ₹2,600 crore through an IPO to repay debt and pursue corporate objectives. The promoter's stake will decrease from 88.7% to 75.4% after the offering. The firm specializes in developing and leasing large warehouses and industrial facilities, with the top four cities accounting for approximately four-fifths of its total revenue. A significant portion of its revenue, about 43%, is generated from its top 10 customers.

Despite not having recorded profits yet, the company's financials show substantial growth. Between FY24 and FY26, revenue from operations increased by 73.8%, and operating profit before interest, tax, depreciation, and amortization (EBITDA) surged by 100.3%. EBITDA margin expanded to 79.2% in FY26 from 61.7% in the previous year.

Cash flow from operations nearly doubled, reaching ₹464.1 crore in FY26 from ₹119.3 crore in FY24. However, the company's profitability is anticipated to improve after debt repayment. Finance costs as a percentage of revenue have decreased from 92.1% in FY24 to 78% in FY26, and interest outgo relative to EBIT has dropped from 139% in FY24 to 89% in FY26.