Horizon Industrial Parks Shares Set For Stock Market Debut
· Business · Economic Times, Bloomberg
Shares of Horizon Industrial Parks are scheduled to list on the BSE and NSE on Monday, August 24, following a Rs 2,600-crore IPO. The company fixed the issue price at Rs 60 per share, with the grey market premium currently hovering around Rs 2, suggesting a muted listing. The IPO was subscribed 1.45 times, with Qualified Institutional Buyers showing the strongest interest. The company intends to use the majority of the proceeds, approximately Rs 2,250 crore, to reduce its debt burden.
Why it matters
The listing provides investors with exposure to the industrial real estate sector, while the company's debt reduction plan is a key factor for its future financial health.
Read the original report — Economic Times
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