Horizon Industrial Parks is set to debut its shares on the National Stock Exchange and Bombay Stock Exchange on Monday, August 24, following the conclusion of its initial public offering (IPO). The IPO, which targeted industrial and logistics infrastructure development, received an overall subscription of 1.52 times, indicating decent investor interest, according to livemint.com.
The IPO process saw investors bidding for shares over several days, culminating in a subscription rate that exceeded the issue size by 52%. Grey market sources reported a grey market premium (GMP) of ₹3.4 on the Friday morning before the listing, signaling modest gains for investors. The company’s share allotment details were made available for investors to check post-subscription, as per livemint.com.
The listing of Horizon Industrial Parks adds to the growing number of infrastructure-focused companies tapping public markets to raise capital. The 1.52 times subscription rate reflects steady demand in the industrial and logistics real estate sector, which has seen increased investor interest amid expanding supply chain and warehousing needs in India. The GMP suggests moderate optimism about the stock’s performance at debut compared to recent IPOs in the sector.
Horizon Industrial Parks shares will officially start trading on August 24 on both NSE and BSE, marking a key milestone for the company’s public market journey. Investors can monitor the stock’s performance from the opening session, with the grey market premium providing an early indication of market sentiment, according to livemint.com.