Horizon Industrial Parks Plans ₹2,600 Crore IPO to Reduce Debt
· Business · Economic Times, LiveMint, Business Standard
Horizon Industrial Parks plans to raise ₹2,600 crore through a fresh issue to repay its debt and fund general corporate purposes. Incorporated in 2009, the company operates as an industrial and logistics infrastructure developer with 45 assets across 10 major Indian cities, totalling 58.6 million square feet. While revenue and EBITDA have grown annually, the company remains unprofitable with widening net losses. Following the public offering, the promoter group's stake will reduce from 88.7% to 75.4%, and the company's debt is expected to decrease significantly. Given the sector's growth prospects, analysts suggest high-risk investors consider the long-term opportunity.
Why it matters
High-risk investors evaluating logistics infrastructure opportunities can assess Horizon Industrial Parks' deleveraging strategy and growth potential in India's expanding warehousing sector.
Read the original report — Economic Times
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