HD Fire Protect Limited IPO
13 Oct 2026 – 15 Oct 2026
Issue Details
- Price Band
- ₹258 – ₹271
- Lot Size
- 55 shares
- Min Investment
- ₹14,905 (1 lot · 55 shares)
- Face Value
- ₹5
- Offer for Sale
- 2,62,84,500 shares (to selling holders)
- Issue Size
- Initial Public offer comprising of Offer for sale up to 26,284,500 Equity Shares (Including Eligible Employee Reservation up to Rs. 17.50 million)
- Registrar
- MUFG Intime India Pvt.Ltd. ↗
Timetable
GMP History
Latest GMP ₹62 · Last updated 8 Oct 2026, 7:23 pm IST
The graph appears from the second day of GMP data.
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 8 Oct | ₹62 | +22.9% | — | ₹333 |
Subscription
Subscription figures appear once bidding opens.
Financials
All values in ₹ crore
About HD Fire Protect
HD Fire Protect Ltd. is engaged in the design, manufacture, and supply of a wide range of fire protection equipment and integrated fire safety systems. The company caters to industrial, commercial, and institutional clients by providing dependable and internationally certified fire protection solutions. The company focuses on innovation, product development, and adherence to global quality and safety standards. Supported by an extensive distribution network and strong after-sales service capabilities, HD Fire Protect has established a significant presence in both domestic and international markets. HD Fire Protect operates two manufacturing facilities located at Jalgaon MIDC and Thane MIDC in Maharashtra, covering a combined area of approximately 8.50 acres. Its product portfolio includes fire sprinklers, valves, foam-based firefighting equipment, and fire detection systems, enabling comprehensive fire protection solutions across multiple industries. The company serves a diverse range of sectors, including oil & gas, power generation, manufacturing, infrastructure, and other high-risk industrial applications. As of March 31, 2025, it employed 261 permanent employees and 185 contractual employees. Strong global footprint in a highly regulated and certification-driven industry with significant entry barriers. Broad portfolio of fire protection equipment and systems serving multiple end-use industries. Diversified customer base supported by long-term relationships across domestic and international markets. Advanced engineering, design, and manufacturing capabilities backed by continuous research and innovation. Experienced leadership team and skilled workforce with extensive industry expertise.
As published in the company's own offer documents.
Strengths
- Strong product certification and quality track record.
- Advanced design, manufacturing and R&D capabilities.
- Experienced management team and qualified personnel.
- Comprehensive fire protection equipment and systems portfolio.
- Track record of profitability and consistent financial performance.
- Strong and diversified customer base with long-standing global relationships.
- Well-established global presence in a certification-driven, high-barrier industry.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Ambit Private Limited
- Anand Rathi Advisors Limited
- IIFL Capital Services Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 55 | ₹14,905 |
| Retail (max)most that stays under ₹2L | 13 | 715 | ₹1,93,765 |
| S-HNI (min)first bid over ₹2L | 14 | 770 | ₹2,08,670 |
| S-HNI (max)most that stays under ₹10L | 67 | 3,685 | ₹9,98,635 |
| B-HNI (min)first bid over ₹10L | 68 | 3,740 | ₹10,13,540 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Discount
- Rs. 25/- per equity share is being offered to Eligible Employees Bidding in the Employee Reservation Portion
- Minimum Order
- 55 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 15-Oct-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Kotak Mahindra Bank Limited and ICICI Bank Limited
Registrar
- Name
- MUFG Intime India Pvt.Ltd.
- Address
- C-101, Embassy 247, LBS Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 81081 14949, hdfire.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
In the news
Headlines from The Economic Times, matched to this company by name. Reproduced as published — not our reporting, and not investment advice. More IPO news
Frequently Asked Questions
What is the GMP of HD Fire Protect Limited IPO today?
The latest grey market premium for HD Fire Protect Limited IPO is ₹62. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of HD Fire Protect Limited IPO?
The price band is ₹258 – ₹271, with a lot size of 55 shares. The minimum investment is ₹14,905.
When does HD Fire Protect Limited IPO open and close?
The issue opens on 13 Oct 2026 and closes on 15 Oct 2026. Listing is expected on 21 Oct 2026.
Who is the registrar for HD Fire Protect Limited IPO?
MUFG Intime India Pvt.Ltd. is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.