HD Fire Protect IPO Listing: Shares List At A Premium Of Over 23% On Stock Exchanges After Strong Subscription During Bidding Period
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HD Fire Protect shares made a solid debut on the stock exchanges. They listed at a premium of over 23% to the IPO issue price. Read more.
HD Fire Protect made its debut on stock exchanges today, i.e., 21 September 2026. The initial public offering (IPO) of HD Fire Protect was a mainboard issue, and its shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The shares were listed at a premium of over 23% compared with the IPO issue price of ₹271 per share in the upper price band. On the NSE, the shares opened at ₹335 apiece. On the BSE, the stock was listed at ₹334.40 apiece.
HD Fire Protect IPO And Subscription Details
The HD Fire Protect IPO carried a price band of ₹258–271 per share. It was open for subscription from 13 October to 15 October. The IPO’s size was pegged at ₹712.31 crore and had a lot size of 55 shares.
Investor demand for the issue remained strong, with overall subscription reaching 131.70 times. The qualified institutional buyer (QIB) category recorded the highest subscription multiple at 256.65 times, followed by the non-institutional investor (NII) segment at 203.21 times. Retail investors subscribed to their portion 30.55 times.
Ambit Private Ltd, Anand Rathi Advisors Ltd and IIFL Capital Services were the book-running managers of the IPO, while MUFG Intime India Pvt Ltd was the issue registrar.
About HD Fire Protect
HD Fire Protect Ltd., incorporated in April 1997, specialises in manufacturing and supplying fire protection equipment and systems in India. Its product portfolio includes water-, foam- and gas-based technologies designed for fire suppression.
The company operates across eight product segments, covering sprinklers, alarm and deluge valves, foam equipment, monitors and nozzles, water spray nozzles, engineered fire protection solutions and gas suppression systems.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.
Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.
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