XSIO Industrial & Logistics Parks has marked a major milestone in its growth journey following the listing of Blackstone-backed Horizon Industrial Parks Limited on the National Stock Exchange (NSE) and BSE on August 24. The listing represents an important new chapter for XSIO, which has built a growing Grade-A industrial and logistics portfolio from Nagpur in strategic partnership with Blackstone and Horizon Industrial Parks. Horizon holds controlling interests in several entities through which XSIO parks are developed and operated. The milestone follows Rs 4,250 crore of primary equity capital raised by Horizon Industrial Parks, comprising approximately Rs 1,650 crore through a pre-IPO primary placement and a Rs 2,600 crore initial public offering. The IPO was entirely a fresh issue, with no offer-for-sale component, further strengthening Horizon’s balance sheet, reducing debt and augmenting capacity for future growth.

 

Headquartered in Nagpur, XSIO is focused on creating large-format, sustainable and institutional-quality industrial and logistics infrastructure for leading Indian and multinational occupiers. Ashish Agrawal, Managing Director, XSIO Industrial & Logistics Parks, said: “This is a landmark moment for XSIO. What began with a vision to create world-class industrial and logistics infrastructure from Nagpur is today part of India’s largest institutionally backed industrial and logistics platforms. Our partnership with Blackstone and Horizon has enabled us to combine XSIO’s local knowledge, entrepreneurial approach and execution capabilities with global capital and institutional strength.”