Mumbai, Aug. 17 -- Horizon Industrial Parks (HIPL) received bids for 3,52,85,000 shares as against 25,13,56,273 shares on offer, according to stock exchange data at 17:00 IST on 17 August 2026. The issue was subscribed 0.14 times.

The issue opened for bidding on 17 August 2026 and will close on 19 August 2026. The price band of the IPO is fixed between Rs 57 and 60 per share. An investor can bid for a minimum of 250 equity shares and multiples thereof

The issue comprises only issue of fresh shares of Rs 10 face value aggregating to Rs 2,600 crore.

Of the net proceeds from fresh issue, the company intends to use Rs 2,250 crore towards re/pre-payment (in full or part) of certain borrowings availed by the company as well as certain of its...