Horizon Industrial Parks Ltd IPO

About Horizon Industrial Parks Ltd

Our Company was incorporated as `JEM Cements Private Limited' as a private limited company under the Companies Act, 1956 at Bengaluru, Karnataka and a certificate of incorporation dated September 22, 2009 was granted by the Registrar of Companies, Karnataka at Bengaluru (RoC Bengaluru). The name of our Company was changed to `Embassy-Maini Logistics Bangalore Private Limited' pursuant to the Board resolution dated September 22, 2011 and the special resolution passed by the Shareholders dated November 2, 2011 and a fresh certificate of incorporation dated November 22, 2011 was issued by the RoC, Bengaluru. Subsequently, the name of our Company was further changed to `Embassy Industrial Parks Private Limited' pursuant to the Board resolution dated October 21, 2014 and a special resolution passed by the Shareholders dated December 8, 2014 and a fresh certificate of incorporation dated January 19, 2015 was issued by the RoC Bengaluru. Furthermore, the name of our Company was changed to `Horizon Industrial Parks Private Limited' pursuant to a Board resolution dated September 10, 2021 and special resolution passed by the Shareholders dated October 14, 2021 and a fresh certificate of incorporation dated December 2, 2021 was issued by the RoC Bengaluru. Our Company was subsequently converted into a public limited company pursuant to the Board resolution dated June 25, 2025 and the special resolution passed by our Shareholders on June 30, 2025 and the name of our Company was changed to `Horizon Industrial Parks Limited'. A certificate of incorporation consequent upon conversion to public company dated July 28, 2025 was accordingly issued by the Central Processing Centre, Ministry of Corporate Affairs.

India's industrial and logistics sector is driven by a manufacturing push with gross value added surpassing US$1 trillion by FY30, rising consumption with CAGR of 10.5% between FY24-FY30, explosive e-commerce growth with 22.8% CAGR between FY24-FY30, and quick commerce expansion at CAGR of 54.3% between FY24-FY30. Flight-to-quality for Grade A stock remains robust with absorption forecasted to grow at 27.9% CAGR through CY24-CY29. In-city center demand remains strong with negligible availability of Grade A stock, rents projected to grow at 10% annually and absorption anticipated to grow at CAGR of 35-40% in near term in emerging Tier 1 and 2 cities.

We are India's largest industrial and logistics infrastructure developer, owner and operator in terms of Total Network (in terms of total area of our assets). We offer our clients Grade A quality fulfillment centers (warehouses), industrial facilities, and in-city centers across the country's major industrial and consumption hubs. Our comprehensive business ecosystem provides a holistic end-to-end solution that enables our customers to operate seamlessly and reduce time-to-market. Our solutions include, among others, built-to-suit facilities, fully fitted plug-and-play facilities, cold storage, energy solutions, on-site staff accommodation, racking and material handling equipment (MHEs), all designed to support efficient operations. As of the date of this Red Herring Prospectus, our pan-India Network consists of 45 assets spread across 10 cities, totalling 58.58 million square feet (msf).

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