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Horizon Industrial Parks Limited (HIP) is India's leading industrial real estate platform, developing and operating Grade A warehousing and industrial parks across key consumption and manufacturing hubs. Backed by Blackstone (BREP Asia). Owns and manages ~21 million sq. ft. of logistics and industrial assets across 10 cities including Mumbai, Delhi NCR, Chennai, Pune, Bengaluru, Hyderabad, Kolkata. Tenants include leading e-commerce, FMCG, and manufacturing companies. Revenue ₹404.12 Cr (FY25) vs ₹249.64 Cr (FY24). Net loss ₹129.57 Cr (FY25) — revenue-stage infrastructure REIT-like structure. IPO entirely fresh issue of ₹2,600 Cr to fund new park development and debt repayment. Lead managers: JM Financial, Axis Capital, IIFL Capital, SBI Capital Markets. Registrar: KFin Technologies.