HD Fire Protect
LISTEDIPO Date: 13 Oct - 15 Oct 2026
Listing Date: 21 Oct 2026
Price Range
₹258 to ₹271
Issue Size
712 Cr
Min Investment
₹14,190
Min Application
55 Shares
Schedule of HD Fire Protect
Issue open date
13 Oct 2026
Issue close date
15 Oct 2026
UPI mandate deadline
15 Oct 2026 (5 PM)
Allotment finalization
16 Oct 2026
Share credit
19 Oct 2026
Listing date
21 Oct 2026
Mandate end date
30 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 712 Cr |
| Fresh Issue | 2.63 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 21 Oct 2026Latest | ₹271 | ₹70 | ₹341(+25.83%) |
| 20 Oct 2026 | ₹271 | ₹71 | ₹342(+26.2%) |
| 19 Oct 2026 | ₹271 | ₹61 | ₹332(+22.51%) |
| 18 Oct 2026 | ₹271 | ₹65 | ₹336(+23.99%) |
| 17 Oct 2026 | ₹271 | ₹69 | ₹340(+25.46%) |
| 16 Oct 2026 | ₹271 | ₹81 | ₹352(+29.89%) |
| 15 Oct 2026 | ₹271 | ₹82 | ₹353(+30.26%) |
| 14 Oct 2026 | ₹271 | ₹89 | ₹360(+32.84%) |
| 13 Oct 2026 | ₹271 | ₹91 | ₹362(+33.58%) |
| 12 Oct 2026 | ₹271 | ₹78 | ₹349(+28.78%) |
| 11 Oct 2026 | ₹271 | ₹86 | ₹357(+31.73%) |
| 10 Oct 2026 | ₹271 | ₹75 | ₹346(+27.68%) |
| 9 Oct 2026 | ₹271 | ₹74 | ₹345(+27.31%) |
| 8 Oct 2026 | ₹271 | ₹65 | ₹336(+23.99%) |
| 7 Oct 2026 | ₹271 | ₹80 | ₹351(+29.52%) |
Performance HD Fire Protect
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹258 to ₹271 | .... | .... | .... |
About HD Fire Protect
HD Fire Protect Limited is a fire protection equipment manufacturer and supplier serving industrial, commercial, residential and infrastructure customers. The company designs and manufactures products such as water spray nozzles, foam-based fire suppression systems, gas suppression systems, deluge valves and pre-action systems. It operates across India and has an international presence spanning 90+ countries, with exports forming an important part of its business. Manufacturing is concentrated in two facilities in Maharashtra, while sales are carried out through direct customers and international distributors.
| Founded in | 1990 |
| Managing director | Himanshu D. Desai |
| Parent organization |
Financial Overview
Strengths
4- 1
Strong global export presence – The company sells its products in 90+ countries, giving it significant international exposure and reducing dependence solely on the Indian market.
- 2
Wide product portfolio – Its range covers water spray, foam, gas suppression, deluge valves, pre-action systems and other engineered fire-protection solutions, allowing it to serve multiple industries and applications.
- 3
Specialized manufacturing capabilities – In-house manufacturing and custom-engineered solutions can provide the company with greater control over product quality, specifications and customer requirements compared with a pure trading business.
- 4
Growing fire-safety demand – Increasing industrialization, infrastructure development, data centres, commercial buildings and stricter fire-safety requirements can support long-term demand for specialized fire-protection systems.
Risks
4- 1
Short-term order dependence – A significant portion of sales is generated through purchase orders rather than long-term contracts, which can make revenue visibility less predictable.
- 2
Export and international-market risk – With substantial sales coming from overseas markets, the company is exposed to currency fluctuations, international regulations, geopolitical conditions and changes in demand across export markets.
- 3
Manufacturing concentration – Production is concentrated in only two facilities in Maharashtra. Any major disruption at these facilities could affect manufacturing capacity and deliveries.
- 4
Competitive and pricing pressure – The fire-protection equipment industry includes established domestic and international players. Competition can put pressure on product pricing, margins and the ability to win large orders.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 256.65 |
| Non-Institutional Investors (NIIs) | 203.21 |
| Retail Individual Investors (RIIs) | 30.55 |
| Employee | 23.61 |
| Total | 131.73 |