Cyril Amarchand Mangaldas (CAM), Khaitan & Co and Latham & Watkins advised on Horizon Industrial Parks’ INR 2600 Crore IPO.

Horizon Industrial Parks Limited, a Blackstone-backed industrial and logistics infrastructure developer, owner and operator, completed an initial public offering aggregating to INR 2600 Crore (approximately US$272 million). The issue was priced at INR 60 per equity share and commenced trading on the BSE and NSE on August 24, 2026.

The deal is notable for being one of the first industrial parks of such scale to be listed, with the company being India’s largest industrial and logistics infrastructure developer, owner and operator.

Cyril Amarchand Mangaldas acted as Indian legal counsel to Horizon Industrial Parks on the IPO.

The IPO Transaction team was led by Partners Janhavi Manohar and Tanvi Kini, with assistance from Associates Dhruv Sharma, Harshita Pareek, Aditya Maheshwari, Akshita Dhawan and Medha Biswas.

The Real Estate team was led by Partners Ritha Ulbyre, Ashish Jain, Siddharth Singh, Rishiraj Bhatt, Jinal Mehta, Karan Sharma, Jaideep Kodali and Diptayon Basu; Director – Real Estate Esther Joshua Philip; Principal Associates Kripa Sankari, Yashvi Shah and Shorya Choudhary; Senior Consultants Raghunathan J and Devinder Kumar; Senior Associates Pavithra Rao, Kinnari Jain, Gaurav Utagikar, Kalyan Chakravarthy, Rohan Chugh, Yash Jain and Januja Gathraj, and Senior Associate Designate Alampu Kowkrady; and Associates Anjali Kadam, Shrutika Salvi, Rushi Panchal, Shruthi P, Astha Krishna, Amritesh Anand, Bhawani Singh Rajpurohit, Aakash Rao, Anam Chowdhary, Shubham Mittal, Sruthi R, Nishama Bhandari, Rishita Khandelwal, Bhavya Kansara, Brinda Jayasimha, Poojith A, Akshaya B S, Dhanashri Khairnar, Prachi Thakur, Parthiv Gandhi, Utkarsh Tyagi, Abhigyaan A H and Bhargav Gowda. The General Corporate team was led by Partners Kota Chandan, Trayosha Darapuneni, Subhankar Pasalapudi, Pooranimaa Hariharan, Vivaik Sharma and Emil Joseph; Director – Corporate Practice George Kurian; Principal Associate Sagar Gaba; Senior Associates Nilanjana Nair, Sushant Khalkho, Akash Thomas Jose, Isiri SD, Tarun Reddy, Vidushi Kesarwani and Siddharth Shukla; and Associates Manav Sridharan, Akshata Bhat, Jerrin Matthew, Yash Chadha and Gouri Meempat.

Khaitan & Co acted as legal counsel to the book running lead managers JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets and 360 ONE WAM in connection with the IPO.

The IPO team comprised Partners Subhayu Sen and Aparna Bagree, Principal Associate Johann Valladares, Senior Associate Reshmi Prabhakar, and Associates Nibha Yadav, Mehar Sharma and Vedika Jhunjhunwala. The Real Estate team comprised Partners Harsh Parikh and Abhiraj Gandhi, Principal Associate Ekta Sawant, and Senior Associate Snehil Singhvi.

Latham & Watkins acted as sole international counsel to the book running lead managers on the IPO.

The team was led by Singapore Corporate Partners Rajiv Gupta and Stacey Wong, with Singapore Counsel Esha Goel and Associates Jeffy Katio and Helan Sun. Tax advice was provided by Chicago Partner Enrique Rene de Vera and Associate Jay Khurana.