Blackstone-Backed Horizon Files IPO, Raises $200M Pre-IPO; Aims for $500M Total

• Blackstone-backed Horizon Industrial Parks filed its Draft Red Herring Prospectus (DRHP) on December 29 for an IPO.
• The company secured $200 million in a pre-IPO funding round from HNIs like Radhakishan Damani, Hemendra Kothari, SBI, and 360 One.
• Horizon aims to raise approximately $300 million (INR 2,600 crore) through the IPO, with INR 2,250 crore earmarked for debt repayment.
• As India's largest logistics infrastructure developer, Horizon operates 46 assets across 10 cities, spanning 60 million sq ft.
• The combined pre-IPO and IPO funding could reach $500 million, signaling a trend of warehousing firms seeking public funds.

Why It Matters: Horizon's IPO filing and $200M pre-IPO raise highlight growth in India's logistics infrastructure.