New Delhi, Aug. 12 -- Blackstone-backed Horizon Industrial Parks Ltd is heading into its Rs.2,600 crore initial public offering (IPO) with plans to expand in existing markets, enter more tier 2 cities and broaden its customer and product mix, a top executive said, as India's industrial and warehousing sector becomes increasingly institutionalized.

The IPO, which opens on 17 August, comprises entirely a fresh issue of equity shares. The price band is set at Rs.57-60 a share, while the anchor investor portion opens on 14 August. Of the Rs.2,600 crore to be raised, Rs.2,250 crore will go towards debt repayment. Horizon had total borrowings of Rs.6,884.34 crore as of 31 March 2026.

Horizon raised Rs.1,650 crore through a pre-IPO primary fun...