# Horizon Industrial Parks IPO subscription reaches 0.24 times on Day 2 2026-08-17T13:01:23+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets (3 source reports) Horizon Industrial Parks’ Rs. 2,600 crore initial public offering was subscribed 0.24 times by the close of bidding on Tuesday, up from 0.14 times on Day 1, The Hindu BusinessLine reports. Retail investors’ subscription rose to 0.43 times, while the employee quota reached 0.61 times. Qualified institutional buyers subscribed 0.21 times and non-institutional investors 0.16 times. The issue closes on Wednesday, August 19, at a price band of Rs. 57 to Rs. 60 a share. LiveMint reported early on Tuesday that the issue was subscribed 16% and cited a Rs. 1.7 grey-market premium. It also reported subscribe ratings from Swastika Investmart and Ventura Securities, while noting Horizon’s restated loss of Rs. 203.65 crore and finance costs of Rs. 538.99 crore. The fresh issue will use up to Rs. 2,250 crore to repay debt. Allotment is expected on August 20 and listing on August 24. ## Indian Opinion Analysis The Hindu BusinessLine provides end-of-day category data and places the subscription increase in the context of the issue’s debt-repayment plan. LiveMint uses an intraday update, grey-market premium and brokerage recommendations, giving the story a more investor-facing and promotional frame. Its inclusion of losses, finance costs and execution risks adds balance to the positive ratings, but the early figures are not directly comparable with the final Day 2 totals. The measured reading is that demand improved but remained below the shares available after two days. Investors will watch the final subscription figures on August 19, especially QIB participation, which has a 75% allocation. ## Coverage Coverage: 3 sources, 2 neutral, 1 sensationalist - thehindubusinessline.com (neutral report) Reports category-wise Day 1 subscription and issue fundamentals - thehindubusinessline.com (2) (neutral report) Tracks final Day 2 subscription figures and debt repayment - livemint.com (sensationalist) Leads with apply-or-not framing, GMP and brokerage recommendations This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-08-18T13:24:51+00:00. Tags: Horizon Industrial Parks, IPO, Radhakishan Damani, SBI Life Insurance, SBI Securities Canonical: https://indianopinion.org/horizon-industrial-parks-ipo-subscribed-0-14-times-on-day-1/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/horizon-industrial-parks-ipo-subscribed-0-14-times-on-day-1/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/