Horizon Industrial Parks IPO Day 2: GMP ₹5
Welcome back to our daily deep dive into the Horizon Industrial Parks IPO! As we enter Day 2 of its subscription period, the initial buzz is starting to settle, and investors are closely watching the numbers. The IPO, which opened for subscription on August 17th and will close on August 19th, is aiming to raise capital at an issue price of ₹60 per share. Let’s break down what’s happening on the ground.
| Date | GMP | Est. Listing |
|---|---|---|
| 22 Aug | +₹4 | ₹64 |
| 21 Aug | +₹4 | ₹64 |
| 20 Aug | +₹4 | ₹64 |
| 19 Aug | +₹4 | ₹64 |
| 18 Aug | +₹4 | ₹64 |
Subscription Status
Right now, on Day 2, the subscription figures for Horizon Industrial Parks IPO are showing as 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This might seem a bit surprising at first glance, especially for a Mainboard IPO on the NSE. However, it’s not necessarily a cause for immediate alarm. Often, the bulk of subscriptions, particularly from institutional investors and even retail, tend to pour in on the final day of the IPO. It’s a common strategy for many investors to wait until the last moment to gauge the overall sentiment and final demand before committing their funds. The absence of subscriptions today doesn’t mean there’s no interest; it just means the real action hasn’t kicked off yet. We’ll be keeping a very close eye on this as we move towards the closing date.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 1.02x | |
| NII / HNI | 1.03x | |
| QIB | 1.94x | |
| Total | 1.94x |
GMP Update
Turning our attention to the Grey Market Premium (GMP), the situation for Horizon Industrial Parks remains steady. The current GMP is ₹5, a figure that has remained unchanged from yesterday’s update. At an issue price of ₹60, a ₹5 GMP suggests a potential listing price of ₹65. This indicates a modest, but present, positive sentiment in the unlisted market. While it’s not a sky-high premium, it’s certainly not negative, which is encouraging. A consistent GMP, even at this level, shows that there’s a baseline of demand and confidence in the company’s prospects post-listing. We’ll be monitoring if this GMP sees any upward movement as the subscription period progresses.
Should You Apply?
So, the big question: should you be considering an application for Horizon Industrial Parks? Based on the current data, it’s a mixed bag, leaning towards cautious optimism. The subscription numbers being at 0x on Day 2 are typical for many IPOs, so don’t let that deter you single-handedly. The GMP of ₹5, while not spectacular, is positive and points towards a potential listing gain. The company is offering shares at ₹60, and the potential listing at ₹65 is a decent, albeit small, jump. Remember, the lot size is 250 shares, so an investment of ₹15,000 (250 shares * ₹60) would be the minimum to consider. Investors also have the option to invest up to ₹2 lakh in the retail category. As always, it’s wise to consult with SEBI registered investment advisors before making any final decisions. They can provide personalized guidance based on your risk appetite and investment goals. The bottom line is, while today’s subscription numbers are quiet, the GMP offers a glimmer of positive expectation. We’ll have more updates for you tomorrow!