Horizon Industrial Parks IPO Subscribed 14% On First Day Of Bidding
New Delhi: The initial public offering of Horizon Industrial Parks Ltd received 14 per cent subscription on the first day of bidding on Monday. The company's IPO received bids for 3,52,85,000 shares against 25,13,56,273 shares on offer, according to NSE data. The category for retail investors received 19 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) was subscribed 18…
Horizon Industrial Parks Ltd's IPO saw a 14% subscription on its first day of bidding, according to NSE data. The company offered 25,13,56,273 shares, receiving bids for 3,52,85,000 shares. Retail investors subscribed 19% of the quota, Qualified Institutional Buyers (QIBs) 18%, and non-institutional investors 3%. The IPO aimed to raise ₹2,600 crore, with the price band set between Rs 57-60 per share.
The company, a developer, owner, and operator of industrial and logistics infrastructure, has a portfolio of approximately 60 million square feet across 46 assets in 10 cities. This IPO, backed by Blackstone, will be the first listing of the company on BSE and NSE on August 24, with proceeds primarily used to repay borrowings.
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