Horizon Industrial Parks, India’s largest industrial and logistics infrastructure developer, owner and operator in terms of total network area, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The proposed IPO is expected to raise approximately US$500 million (₹4250 crore), including around US$200 (₹1650 crore) million through a pre-IPO placement and a primary issue of ~US$300 million (₹2,600 crore). Horizon Industrial Parks operates as a fully integrated industrial and logistics platform, offering fulfillment centres, industrial facilities and in-city logistics centres to a diversified customer base. The company has built a pan-India portfolio of ~60 million sq. ft., of which ~27 million sq. ft. is completed, spread across 46 assets in 10 cities. A key differentiator is its scaled in-city presence, with 17 assets across 7 cities, providing last-mile access to over 20 million end-consumers.