IPO profile
HD Fire Protect Limited
HDFIRE · NSE
- Price band
- ₹258 - ₹271
- Subscription
- 82.41x
Application & Issue Details
- Minimum Quantity
- 55 shares
- Minimum Application
- ₹14,905
- Issue Size
- Rs. 712 Cr
- Face Value
- Not available
- Issue Price
- ₹271
Company Overview
HD Fire Protect is a manufacturer and supplier of comprehensive fire protection equipment and systems, catering to diverse sectors such as industrial, commercial, residential, and infrastructure across India and over 90 countries. The company’s core business involves designing and producing a wide range of products, including water spray nozzles, foam equipment and suppression systems, gas suppression systems, deluge valves, pre-action systems, and custom-engineered solutions. It generates revenue primarily through the sale of these manufactured goods, alongside offering contract manufacturing services for off-the-shelf standard products. The business operates through a multi-tiered sales network comprising direct customers and international distributors, relying on short-term purchase orders. Production is centralized across two manufacturing facilities in Maharashtra. A significant portion of its sales stems from export markets, demonstrating a strong global footprint. The company maintains stringent quality controls, adhering to safety certifications.
Important Dates
- Open Date
- 13 Oct 2026
- Close Date
- 15 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 21 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 156.82x
- NII
- 128.10x
- Retail
- 20.83x
- Total subscribed
- 82.41x
- Shares offered
- 1,84,20,492
- Shares bid
- 1,51,81,00,980
Updated 25 Oct 2026, 8:02 pm · source: nse
IPOAlerts subscription snapshot updated 17 Oct 2026, 12:00 am.
Actual Listing Performance
- Listing Date
- 21 Oct 2026
- Actual Listing Price
- ₹335
- Gain/Loss Per Share
- +₹64
- Gain/Loss Per Lot
- +₹3,520
- Listing Gain/Loss %
- +23.62%
- Measured Against
- ₹271
- Lot Size
- 55 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Second-largest Indian fire protection equipment maker in FY25.
- Comprehensive water, foam, and gas suppression portfolio.
- Global presence with exports to over 90 countries.
- Major safety certifications including UL, FM, and CE.
- In-house R&D and dedicated fire-testing facilities.
Key risks
- Product failures can trigger liabilities and brand damage.
- Concentrated manufacturing footprint limited to Maharashtra.
- No long-term supply agreements for raw materials.
- Revenue volatility from lack of long-term customer contracts.
- High dependence on keeping international safety certifications active.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.