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Horizon Industrial Parks Ltd
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complianceofficer@hiparks.com Website:www.hiparks.com
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Initial public offering of up to 433,333,333 equity shares of face value of Rs. 10 each ("Equity Shares") of Horizon Industrial Parks Limited ("Company") for cash at a price of Rs. 60 per equity share of face value of Rs. 10 each (including a share premium of Rs. 50 per equity share) ("Issue Price") aggregating up to Rs.2600.00 Crores (the "Issue"). The issue shall constitute [*] % of the post-issue paid-up equity share capital of the company.
The company, in consultation with the brlms, may consider a pre-ipo placement aggregating up to Rs.520.00 crores, as may be permitted under the applicable law, at its discretion, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The issue includes a reservation of up to 833,333 equity shares of face value of Rs. 10 each, aggregating up to Rs 5 Crores (constituting up to [*]% of the post-issue paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute [*] % and [*] % of the post-issue paid-up equity share capital of the company, respectively.
Price Band: Rs. 57 to Rs. 60 per equity share of face value of Rs. 10 each.
The floor price and the cap price are 5.70 times and 6.00 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 250 equity shares of face value of Rs. 10 each and in multiples of 250 equity shares of face value of Rs. 10 each thereafter.
Discount of Rs. 5 per equity share is being offered to eligible employees bidding in the employee reservation portion.
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Horizon Industrial Parks Ltd
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Rs Cr |
Lead Managers to the Issue |
| 0.00 |
| IIFL Capital Services Limited |
| SBI Capital Markets Limited |
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| 2600.00 |
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| 2882.86 |
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| Rs.
57.00
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| Projects |
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Repayment and/or prepayment, in part or full, of certain borrowings availed by
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General Corporate Purpose
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| Brep Asia II EIP Holding (NQ) |
| Brep Asia II Indian Holding Co |
| Brep Asia III India Holding Co |
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