Horizon Industrial Parks' initial public offering (IPO) has reached 14% subscription on its second day of bidding, as of August 18. The Blackstone-backed company’s ₹2,600 crore IPO remains open for investors until August 19, according to livemint.com. The shares are trading at a ₹1.7 premium in the grey market, reflecting cautious investor interest.
The IPO opened with a muted response on the first day, but saw some uptick on day two. Horizon Industrial Parks, incorporated in 2009 and backed by the Blackstone Group, is positioning itself to raise ₹2,600 crore through this public offering. The subscription progress and grey market premium indicate measured demand as the bidding window continues through Wednesday.
This IPO is significant given Blackstone’s involvement and the growing interest in industrial parks amid India’s infrastructure expansion. The ₹2,600 crore size places it among notable recent public offerings in the infrastructure and real estate sector. The grey market premium suggests investors are cautiously optimistic, balancing the company’s growth prospects against market conditions.
The Horizon Industrial Parks IPO will close for bidding on August 19, after which subscription data will provide a clearer picture of investor appetite and pricing. The company’s listing will be closely watched as a benchmark for infrastructure-related IPOs in the current market environment.