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Can Horizon Parks IPO deliver long-term growth for high-risk investors?

economictimes.indiatimes.com · 8h · first reportShare

ET Intelligence Group: Horizon Industrial Parks, a logistics infrastructure developer, plans to raise ₹2,600 crore through a fresh issue to repay debt and general corporate purposes. The promoter group's stake will fall to 75.4% after the IPO from 88.7%. The company develops and leases large warehouses and industrial facilities. Top four cities contribute about four-fifth to the total revenue. Nearly 43% of the revenue comes from top 10 customers. The company is yet to record profits. After the IPO, debt is expected to reduce significantly. Given the growth prospects for the sector and expected deleveraging, investors with a high-risk appetite may consider the issue from a long-term perspective.133284199BusinessIncorporated in 2009, Horizon Industrial Parks is the country's largest industrial and logistics infrastructure developer, owner and operator by total network, according to Jones Lang LaSalle Property Consultants (India). It also offers turnkey solutions, solar energy solutions,