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HD Fire Protect Ltd

IPO Details · GMP · Subscription · Financials

🔒 Closed NSE & BSE Mainboard Live Chart
Issue Price
₹271
Per Share
GMP
+₹80
+29.52% Grey Market
Est. Listing
₹351
Expected Price
Min. Application
₹29,810
2 lots × 55 shares
IPO Issue Details
Issue Price / Price Band₹271 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size55 Shares per Lot
Total Issue Size2,62,84,500 shares (agg. up to ₹712 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOFS only
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 13 Oct 2026
Subscription CloseThu, 15 Oct 2026
Anchor AllotmentMon, 12 Oct 2026
Basis of AllotmentFri, 16 Oct 2026
Initiation of RefundsMon, 19 Oct 2026
Credit of Shares to DematMon, 19 Oct 2026
Listing DateWed, 21 Oct 2026
UPI Mandate Deadline5:00 PM on 15 Oct 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,905 — 55 shares
Retail — Max (13 Lots)₹193,765 (13 Lots)
HNI — Min (68 Lots)₹10,13,540 — 3740 shares
EPS (Pre-IPO)₹6.66
EPS (Post-IPO)₹5.45
P/E Ratio (Pre-IPO)40.69x
P/E Ratio (Post-IPO)49.72x
Pre-IPO Promoter Holding17,52,30,000 shares
Post-IPO Promoter Holding17,52,30,000 shares
Offer for Sale Shares2,62,84,500 shares of ₹5 (agg. up to ₹712 Cr)
About HD Fire Protect Ltd

Incorporated in April 1997, HD Fire Protect Limited is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam and gas-based fire suppression solutions. The Company offers a comprehensive portfolio across eight product categories, including sprinklers, alarm valves and accessories, deluge valves and systems, foam equipment and suppression systems, monitors and nozzles, water spray nozzles, custom-engineered systems and gas suppression systems. Its products cater to industrial, residential and commercial applications, including oil and gas, refining and petrochemicals, power and energy, heavy engineering, aerospace, pharmaceuticals, data centres, hospitality, healthcare and other sectors. The Company develops a majority of its products in-house and focuses on proprietary designs meeting national and international standards.The Company has over three decades of experience and has established a global presence, with exports to more than 90 countries since inception and 49 countries during the three months ended June 30, 2026. It was the first Indian fire protection equipment manufacturer to receive UL Listing for deluge valves in 1996 and the first Indian manufacturer to receive FM approval for a range of low-expansion foam system products. As of September 2026, it had 21 UL Listed and 87 FM Approved product certifications. The Company operates two manufacturing facilities in Jalgaon and Thane, Maharashtra, covering approximately 8.50 acres, supported by a fire test laboratory and R&D capabilities.The Company has supplied fire protection equipment and systems to 2,066 customers in Fiscal 2026 and has supplied products for major projects including the Samruddhi Mahamarg, Jamnagar refinery, new Indian Parliament building, Saudi Aramco's Ras Tanura Sea Island site and Oman's Integrated Power & Water Plant Project. Revenue from operations increased from ₹3,729.53 million in Fiscal 2024 to ₹4,892.81 million in Fiscal 2026, representing a CAGR of 14.54%, while its order book stood at ₹1,586.01 million as of June 30, 2026.As of June 30, 2026, the Company had 279 permanent employees and 253 contractual employees.Competitive StrengthsStrong 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.

Objects of the Issue (Standard — DRHP pending)

HD Fire Protect Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding 17,52,30,000 shares
Post-IPO Promoter Holding 17,52,30,000 shares
Lock-in Period (30%)Sun, Nov 15, 2026
Lock-in Period (50%)Thu, Jan 14, 2027
Check AllotmentCheck Status →
HD Fire Protect Ltd — Live Price LIVE
₹271.00
INR · BSE
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Issue ₹271.00 GMP: +₹80 (+29.52%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusClosed
Issue Price₹271
GMP+₹80
Est. Listing₹351
Lot Size55 shares
Min Amount₹29,810
Listing Date21 Oct 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹271
Listing Date21 Oct 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 5,242,673 — ₹142.08 Cr 256.65x
NII / HNI 3,932,004 — ₹106.56 Cr 203.21x
Retail (RII) 9,174,677 — ₹248.63 Cr 30.55x
TOTAL 18,420,492 100.00% ₹499.20 Cr 131.73x
* Based on ₹271.00 (upper price band)
Day-wise Subscription
QIB
256.65x
NII / HNI
203.21x
Retail
30.55x
Total
131.73x
Subscribed
Lot Size & Investment Details
Lot Size
55
Shares
Issue Price
₹271.00
Per Share
Min Investment
₹14,905
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 55 ₹14,905
Retail (Max) 13 715 ₹193,765
sNII (Min) 14 770 ₹208,670
bNII (Min) 68 3,740 ₹1,013,540
Company Financials — Restated Consolidated (Amount in Rs Cr)
ParticularsJun 30, 202631 Mar 202631 Mar 2025
Revenue from Operations 114.07 505.12 450.68
EBITDA 29.73 150.46 138.01
Profit After Tax (PAT) 23.87 116.79 109.72
Net Worth N/A 375.93 396.01
Total Assets 477.60 432.03 450.08
Reserves & Surplus 309.93 286.07 302.59
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹271
Face Value ₹5 Per Share
P/BV N/A
RoE 6.13
RoCE 8.36
RoNW 5.97
PAT Margin (%) 20.92
EBITDA Margin (%) 27.26
Debt / Equity N/A
Company Details
Company
HD Fire Protect Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
O-611 6th Floor, Runwal R Square Opp. Veena Nagar, L. B. S. Marg, Mulund West Mumbai, Maharashtra, 400080
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