business π Horizon Industrial Parks IPO: Worth the hype? π§
Horizon Industrial Parks launched its IPO on August 17, 2026, with a total issue size of Rs 2,600 crore. The company, India's top logistics developer, has strong rental margins but is heavily burdened by debt. In FY26, it generated Rs 464 crore in operating cash but still reported a loss of Rs 198 crore. The IPO proceeds aim to repay debt, moving it closer to breakeven. Investors are buying in now before the full turnaround is proven.