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Horizon Industrial Parks, a logistics infrastructure developer, plans to raise ₹2,600 crore through a fresh issue, with proceeds earmarked for debt repayment and general corporate purposes. The promoter group’s stake is expected to decline to 75.4% from 88.7% post-IPO.

The company develops and leases large warehouses and industrial facilities, with its top four cities contributing nearly four-fifths of total revenue. Around 43% of revenue comes from its top 10 customers, indicating a relatively high customer concentration. Horizon Industrial Parks is yet to turn profitable, while its debt is expected to decline following the IPO.