HD Fire Protect IPO Opens On 13 October With ₹258-271 Price Band As Company Targets ₹4,750 Crore Valuation
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HD Fire Protect has fixed its IPO price band at ₹258-271 per share and is targeting a valuation of ₹4,750 crore. The company aims to raise ₹712.1 crore. Read more.
HD Fire Protect, a Mumbai-based fire protection equipment manufacturer, has set the stage for its public-market debut with a ₹258-271 initial public offering (IPO) price band. The issue will be open from 13 October to 15 October 2026.
The company is seeking a valuation of ₹4,750 crore. It has also reserved ₹1.75 crore worth of shares for employees at a ₹25 per share discount to the final offer price.
The HD Fire Protect IPO is entirely an offer for sale (OFS), meaning the company itself will not receive any proceeds from the issue. After expenses, the net proceeds will go to the selling shareholders.
HD Fire Protect IPO Details
Here are the key IPO details:
IPO Detail | Information |
|---|---|
IPO price band | ₹258-271 per share |
Issue size | ₹712.1 crore |
Fresh Issue | Nil |
OFS | 2.62 crore equity shares |
Subscription open date | 13 October 2026 |
Subscription close date | 15 October 2026 |
Anchor book | 12 October 2026 |
Expected allotment | 16 October 2026 |
Expected listing | 21 October 2026 |
Minimum lot size | 55 shares |
Minimum retail investment | ₹14,905 |
Maximum retail investment | ₹1,93,765 |
Promoters | Harish Narshi Dharamshi and his wife, Kusum Dharamshi. |
Book-running lead managers | Ambit, Anand Rathi Advisors and IIFL Capital Services |
About HD Fire Protect
The company manufactures fire protection equipment and systems based on water, foam and gas suppression technologies. Its products serve both domestic and international markets.
Domestic operations contributed 65% of revenue from operations in fiscal 2026, while international markets accounted for the remaining 35%.
The company’s profit rose 6.4% year-on-year (YoY) to ₹116.8 crore for the year ended March 2026, while revenue increased 13.05% to ₹489.3 crore. The company posted a profit of ₹23.8 crore and revenue of ₹109 crore for the quarter ended June 2026.
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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
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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