Horizon Industrial Parks IPO closing Today : 2,600 Crore Issue and Fully Fresh while most coming with OFS
At an Issue Price of 60 ₹, Market Cap stands at 17,297 Crore ₹
Since it’s a loss making company, So no point talking about PE, Price to Book Value stands 2.15x
It’s a Asset Yield IPO, Not a kind of IPO which one apply for listing gains
➡️Business of the Company : India’s largest Industrial & Logistics Platform, 45 Assets, 58.58 msf, 10 cities & 54% of leases area with Fortune 500 tenants
Operating cash flow of 464 Crore ₹ and losses of 203.65 Crore ₹
➡️Promoter Quality : Blackstone with 1.2 billion square feet of Logistics globally
➡️Well Known Shareholders : Radhakishan Damani & SBI among Pre-IPO Investors
Since various other opportunities are there in IPO Market, So I have decided to SKIP this IPO, What’s your take on it?
Note : Most of the Informations has been derived from RHP while some online, There can be mistakes at places, Go through RHP Personally to check Detals