Horizon Industrial Parks IPO Makes Sluggish Debut, Opens Near Issue Price

Horizon Industrial Parks shares made a sluggish debut on the stock exchanges on August 24, opening almost flat against their issue price.

The stock opened at Rs 60.25 on the NSE, up Rs 0.25 or 0.42 per cent from the issue price of Rs 60.On the BSE, the stock opened at Rs 59.65, down Rs 0.35 or 0.58 per cent from the issue price.

Ahead of the listing, Horizon Industrial Parks IPO’s grey market premium stood at Rs 1.50, implying an estimated listing price of Rs 61.50. The actual listing was slightly below that indication on both the exchanges.