Horizon Industrial Parks IPO Day 2: GMP Falls while Issue Subscribed 17%; Should You Apply?

Horizon Industrial Parks IPO Subscription Status Today: The Horizon Industrial Parks IPO has now entered its second day of bidding on Tuesday, August 18th with the public issue receiving muted demand so far.

On the second day, the Horizon Industrial Parks IPO subscription status stood at 0.17 times by 11:24 AM according to the latest data.

The Horizon Industrial Parks IPO opened for public subscription on August 17th and investors can bid for the issue until tomorrow, August 19th. The IPO is expected to be listed on both the NSE and BSE next week on August 24th.

Meanwhile, the Horizon Industrial Parks IPO GMP today stood at Rs. 1.70 as of 10:28 AM on August 18 as per data from investorgain. At the upper end of the IPO price band of Rs. 60, the latest GMP hints at an estimated listing price of around Rs. 61.70, implying a potential listing gain of approximately 2.83%.

Horizon Industrial Parks IPO Subscription Status Today

The Horizon Industrial Parks IPO subscription status on Day 2 showed the issue subscribed 0.17 times overall by 11:24 AM.
The retail investor portion saw relatively stronger demand, with the Horizon Industrial Parks IPO retail subscription reaching 0.32 times. The QIB Excluding the anchor investor category was subscribed 0.19 times, while the NII category was subscribed 0.05 times.

Horizon Industrial Parks IPO Price Band and Lot Size

The Horizon Industrial Parks IPO price band has been fixed at Rs. 57 to Rs. 60 per share.

The IPO lot size is 250 shares, meaning retail investors applying at the upper price band would need a minimum investment of Rs. 15,000.

The issue also includes a reservation of up to 8,33,332 equity shares for eligible employees who will receive the shares at an employee discount of Rs. 5 per share to the issue price.

Horizon Industrial Parks IPO Issue Size

The Horizon Industrial Parks IPO issue size is Rs. 2,600.04 cr and it is entirely of a fresh issue of 43.34 crore equity shares, The Horizon Industrial Parks IPO allotment is expected to be finalised on August 20.

Should You Apply To Horizon Industrial Parks IPO

With the IPO currently subscribed only 0.17 times on Day 2, investors will be watching whether demand picks up during the remaining bidding period.

The retail category is currently leading subscription at 0.32 times, while institutional and non-institutional participation remains comparatively subdued.

At the same time, the latest Horizon Industrial Parks IPO GMP of ₹1.70 indicates only a modest implied listing premium. This is significantly different from situations where a strong GMP points towards substantial listing gains.

Investors should therefore consider the company's business fundamentals, valuation, financial performance and IPO objectives rather than relying only on the grey market premium.

Horizon Industrial Parks IPO: Should You Apply?

The Horizon Industrial Parks IPO is currently seeing moderate-to-low subscription levels during Day 2, while its latest GMP shows a relatively small potential listing premium.

Canara Bank Securities in its Report said, "The company is strategically positioned to benefit from long-term structural themes including manufacturing localization, supply-chain formalization, e-commerce expansion, quick e -commerce growth, and increasing demand for Grade A logistics infrastructure. The business remains highly capital intensive and dependent on continuous access to debt capital. We maintain a "SUBSCRIBE" stance on the IPO for investors with a medium-to-long-term investment horizon."