Horizon Industrial Parks Limited Announced its Initial Public Offer (IPO) to open on Monday, August 17, 2026 Price Band has been fixed at ₹ 57 to ₹ 60 per Equity Share

Photo 1: (From left to Right) : Nitin Idnani, Managing Director, Real Estate Advisory at JM Financial Ltd., Mahendra Waghule, Chief Development Officer, Horizon Industrial Parks Limited, Urvish Rambhia, Whole Time Director and Chief Executive Officer, Horizon Industrial Parks Limited, Asheesh Mohta – Head of Real Estate, Blackstone India., Kunal Shah, Chief Financial Officer, Horizon Industrial Parks Limited, Pooja Malik, Chief Leasing Officer, Horizon Industrial Parks Limited, Amrendra Singh, Executive Vice President & Group Head, SBI Capital Markets Limited during the IPO announcement in Mumbay – Photo by Sumant Gajinkar (GNI)

Photo 2: Urvish Rambhia, Whole Time Director and Chief Executive Officer, Horizon Industrial Parks Limited during the IPO announcedment in Mumbai – photo by Sumant Gajinkar GNI

Horizon Industrial Parks Limited’s Initial Public Offer to open on Monday, August 17, 2026

Price Band has been fixed at ₹ 57 to ₹ 60 per Equity Share

• The Floor Price is 5.70 times and the Cap Price is 6.00 times of the face value (₹10 per share) of the Equity shares
• Bid/Offer will open on Monday, August 17, 2026 and close on Wednesday, August 19, 2026 (“Bid Dates”)
• The Anchor investor Bid/Offer Period shall be on Friday, August 14, 2026
• Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter (“No. of Bids”)
• The Company had completed a primary raise of Rs 1,650 crores through a private placement in December 2025, prior to filing of DRHP, from investors like 360 One, SBI Life, Radhakishan Damani and others
• RHP Link: https://www.jmfl.com/Common/getFile/5906

Mumbai, August 12, 2026 (GNI) : Horizon Industrial Parks Limited (The “Company”), shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Monday, August 17, 2026.

The Price Band of the Offer has been fixed at ₹ 57 to ₹ 60 per Equity Share. (“Price Band”).

Bids can be made for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter. (“Minimum Bid Lot”).

The Anchor Investor Bidding Date shall be Friday, August 14, 2026. The Bid/Offer shall open on Monday, August 17, 2026.

The issue comprises of entirely a Fresh Issue of equity shares aggregating up to ₹26,000 million with face value of ₹10 each.

The company proposes to utilise the net proceeds from the fresh issue towards

i)                    repayment and/or prepayment, in part or full of certain borrowings availed by the company

ii)                   repayment and/or prepayment, in part or full of certain borrowings availed by certain wholly owned subsidiaries

iii)                 general corporate purposes

The Equity Shares that will be offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”). For the purposes of the Issue, NSE is the Designated Stock Exchange.

JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), SBI Capital Markets Limited, and 360 ONE WAM Limited are the book running lead managers to the issue.

This is an Issue in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Issue is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), 40% of the Anchor Investor Portion shall be reserved in the following manner: (a) 33.33% shall be reserved for domestic Mutual Funds; and (b) 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations.

In the event of undersubscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds, the unsubscribed portion shall be available for allocation to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Issue shall be available for allocation to Non- Institutional Bidders (“NIBs”) of which (a) one third portion shall be reserved for Bidders with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-thirds of the portion shall be reserved for Bidders with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations and not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids received from them at or above the Issue Price (net of Employee Discount, if any). All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders (defined herein) using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process.

About Horizon Industrial Parks: Horizon Industrial Parks Limited (“Horizon”) is India’s largest industrial and logistics infrastructure developer, owner and operator in terms of Total Network (in terms of total area of our assets), with 45 assets across 10 cities and 59 msf of Total Network⁽¹⁾.  As of May 31, 2026, the network includes 29 msf of operating assets with a committed occupancy of 93.6%. Horizon has 3 core offerings: fulfilment centers for bulk storage, industrial facilities (designed to support assembly, light manufacturing) and multi-use in-city centers located around dense residential cluster. Horizon owns the largest in-city platform comprising 17 sites located across metros with a total network of 7 msf⁽¹⁾. Horizon serves a diversified base of 118 customers belonging from key sectors of the Indian economy like e-commerce, retail, FMCG, auto, EV, renewables, etc. Horizon has demonstrated strong operational performance with 17 msf new leasing and 12 msf developments since FY24 (including 5 msf of leasing and developments since FY26).

Note: As of May 31, 2026.

1. Source: JLL report as of May 31, 2026

The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.hiparks.com and on the websites of the Book Running Lead Managers (“BRLMs”), i.e. JM Financial Limited, Axis Capital Limited,  IIFL Capital Services Limited (formerly known as IIFL Securities Limited), SBI Capital Markets Limited, 360 ONE WAM Limited at www.jmfl.com, www.axiscapital.co.in, www.iiflcapital.com , www.sbicaps.com, and www.360.one, respectively. Ends GNI