Bengaluru, Dec. 29 -- Horizon Industrial Parks, backed by global asset manager Blackstone, plans to launch an initial public offering (IPO) to raise Rs.2,600 crore or $300 million.
Horizon filed its draft papers with the Securities and Exchange Board of India (Sebi) on Monday. The IPO comprises a fresh issue with no offer-for-sale component.In a pre-IPO round prior to filing the draft red herring prospectus, the company said it has raised $200 million ( Rs.1,650 crore) from investors, including wealth management platform 360 ONE, SBI Life Insurance, SBI, Radhakishan Damani, EAAA, DSP Investments, among others.
Together with the pre-IPO round, Horizon is seeking to raise Rs.4,250 crore.Of the fresh issue proceeds, around Rs.2,250 crore w...
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