Horizon Industrial Parks IPO Day 2 Subscription Status: 0.25x Subscribed; GMP at ₹1
Horizon Industrial Parks’ IPO was subscribed 0.25 times on Day 2, up from 0.14x at the end of Day 1. Retail investors led the main categories at 0.46x, while Qualified Institutional Buyers (QIBs) reached 0.22x and Non-Institutional Investors (NIIs) stood at 0.16x. The latest Grey Market Premium (GMP) is ₹1. The ₹2,600 crore issue closes on 19 August 2026.
| Metric | Latest update |
| Bidding day | Day 2 |
| Data status | Early evening (5:00 p.m. to 6:30 p.m. IST) on 18 August 2026 |
| Overall subscription | 0.25x |
| QIB subscription | 0.22x |
| NII subscription | 0.16x |
| Retail subscription | 0.46x |
| Employee category | Not separately confirmed in the latest adopted Day 2 snapshot |
| Current GMP | ₹1 |
| GMP percentage | 1.7% |
| Indicative price | ₹61 |
| Closing date | 19 August 2026 |
Horizon Industrial Parks IPO Day 2 Subscription Status
The Horizon Industrial Parks IPO reached 0.25x overall subscription by shares on Day 2. Retail demand was the strongest among the main reported categories at 0.46x, followed by QIBs at 0.22x and NIIs at 0.16x.
| Investor category | Day 2 | Day 1 close | Change |
| Qualified Institutional Buyers | 0.22x | 0.18x | +0.04x |
| Non-Institutional Investors | 0.16x | 0.03x | +0.13x |
| Retail Individual Investors | 0.46x | 0.19x | +0.27x |
| Overall | 0.25x | 0.14x | +0.11x |
Subscription multiples measure the quantity of shares bid for relative to the shares available in each category. They do not represent the number of unique applicants. Category allocations also differ, so multiples should be interpreted in that context.
How Subscription Changed From Day 1
Overall subscription increased from 0.14x at the Day 1 close to 0.25x on Day 2, an absolute rise of 0.11x. Retail showed the largest category-level increase, climbing by 0.27x to 0.46x. NII participation also picked up from 0.03x to 0.16x, while QIB demand moved more moderately from 0.18x to 0.22x.
The Day 2 data therefore shows broader participation than on the opening day, although no main category had reached full subscription in the latest adopted snapshot. Institutional bids often build later in an IPO, but the current figures do not establish how QIB demand will develop on Closing Day.
Horizon Industrial Parks IPO GMP Today and Estimated Listing Price
The latest available Horizon Industrial Parks IPO GMP is ₹1 per share as of early evening (5:00 p.m. to 6:30 p.m. IST) on 18 August 2026. The same tracker also recorded ₹1 on 17 August, while its reading was ₹3 on 16 August.
Another GMP tracker was quoting about ₹1.7, so unofficial grey-market readings are not fully aligned. The more recently timestamped ₹1 reading is used for the calculations below.
| GMP observation | GMP | Direction |
| Latest, 18 August 2026 | ₹1 | Unchanged from Day 1 reading |
| 17 August 2026 | ₹1 | Unchanged |
| 16 August 2026 | ₹3 | Higher |
At the ₹60 upper price band:
Indicative price = ₹60 + ₹1 = ₹61
GMP percentage = ₹1 ÷ ₹60 × 100 = about 1.7%
GMP is unofficial, unregulated, and can change quickly. It is not published by the Securities and Exchange Board of India (SEBI), the National Stock Exchange of India (NSE), or BSE Limited (BSE), and it does not guarantee the eventual listing price or listing gains.
What Stands Out in Today’s Bidding
The clearest Day 2 signal is the faster increase in retail and NII participation. Retail rose from 0.19x to 0.46x, while NII subscription increased from 0.03x to 0.16x. QIB participation also increased, but by a smaller amount.
Two limitations remain important. First, the IPO was still only 0.25x subscribed overall in the latest snapshot, with Closing Day still ahead. Second, the GMP remained near ₹1 even as subscription increased from Day 1. That divergence shows why official bid demand and unofficial grey-market sentiment should be assessed separately.
High subscription alone does not establish fair valuation, business quality, or future returns.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹57 to ₹60 per share |
| Lot size | 250 shares |
| Minimum retail investment | ₹15,000 at the upper band |
| Issue size | About ₹2,600 crore |
| Fresh issue | About ₹2,600 crore |
| Offer for Sale (OFS) | Nil |
| Issue type | Mainboard, 100% book-built fresh issue |
| Closing date | 19 August 2026 |
| Expected listing date | 24 August 2026 |
| Exchange | NSE and BSE |
The issue is entirely a fresh issue, and the minimum application of 250 shares requires ₹15,000 at the ₹60 upper price band. NSE confirms the ₹57 to ₹60 price band, 250-share bid lot, and 17 to 19 August bidding period.
Brief Company and Financial Context
Horizon Industrial Parks develops, owns, and operates industrial and logistics infrastructure, including fulfilment centres, industrial facilities, and in-city logistics centres. Facility rentals are its main revenue source. Revenue from operations rose 77.15% to ₹691.38 crore in FY 2026 from ₹390.29 crore in FY 2025, while the net loss widened to ₹203.65 crore from ₹178.78 crore.
The company plans to use about ₹2,250 crore of the IPO proceeds primarily to repay or prepay borrowings. A material consideration is its capital-intensive model and existing debt, alongside execution risk from a sizeable development pipeline.
What Happens Next
The Horizon Industrial Parks IPO enters its Closing Day on 19 August 2026. Investors can monitor whether overall demand moves closer to or above full subscription, whether QIB participation accelerates, whether retail and NII momentum continues, and whether the GMP changes alongside the final-day bidding.
Frequently Asked Questions (FAQs)
Q: How many times was the Horizon Industrial Parks IPO subscribed on Day 2?
A: The Horizon Industrial Parks IPO was subscribed 0.25x overall in the latest Day 2 snapshot on 18 August 2026. Retail stood at 0.46x, QIBs at 0.22x, and NIIs at 0.16x.
Q: How did Horizon Industrial Parks IPO demand change from Day 1 to Day 2?
A: Overall subscription increased from 0.14x at the Day 1 close to 0.25x on Day 2. Retail recorded the largest increase among the main categories, rising from 0.19x to 0.46x.
Q: What is the Horizon Industrial Parks IPO GMP today?
A: The latest available GMP used here is ₹1 per share on 18 August 2026. One other tracker showed a higher reading of about ₹1.7, highlighting that GMP is unofficial and can vary between market trackers.
Q: What listing price does the current Horizon Industrial Parks IPO GMP indicate?
A: With an upper price band of ₹60 and a GMP of ₹1, the indicative price is about ₹61 per share. This is only a grey-market indication and does not guarantee the actual listing price.
Q: Does high IPO subscription guarantee a premium listing?
A: No. Subscription measures bid demand relative to shares available, while listing performance can also depend on valuation, broader market conditions, business fundamentals, and investor sentiment. A high subscription multiple does not guarantee a premium listing.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
