HD Fire Protect IPO Opens Today: Price Band At ₹258-271; Check Issue Size, Lot Size And Key Details
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HD Fire Protect enters the primary market on October 13 with a ₹712.31 crore public issue. The fire protection equipment maker is offering 2.63 crore shares through an OFS, with bidding open for three days.
HD Fire Protect's ₹712.31 crore initial public offering opens for subscription on Tuesday, October 13, with the fire protection equipment maker offering shares at a price band of ₹258 to ₹271 apiece.
The IPO will remain open for bidding until Thursday, October 15. Investors can apply for a minimum lot of 55 shares, which translates into an investment of ₹14,905 at the upper end of the price band. The issue comprises an offer for sale of about 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. Since there is no fresh issue component, HD Fire Protect will not receive any proceeds from the IPO.
The basis of allotment is expected to be finalised on October 16, followed by refunds and credit of shares to demat accounts on October 19. HD Fire Protect shares are scheduled to list on the BSE and NSE on October 21.
HD Fire Protect IPO Details
Of the shares being offered, Harish Narshi Dharamshi will sell up to 89.84 lakh shares, while Kusum Harish Dharamshi will offer up to 1.73 crore shares. The company's promoters currently hold 100% of its equity.
The company has also reserved shares worth ₹1.75 crore for eligible employees, who will receive a discount of ₹25 per share. Of the net offer, up to 50% has been reserved for qualified institutional buyers, at least 15% for non-institutional investors and at least 35% for retail investors.
HD Fire Protect designs and manufactures fire protection equipment and systems, including water, foam and gas-based fire suppression solutions. The company supplied 2,066 customers during FY26, while its order book stood at ₹158.60 crore as of June 30, 2026.
Domestic markets accounted for 65% of its revenue from operations in FY26, with international markets contributing the remaining 35%.
HD Fire Protect Revenue And Profit
HD Fire Protect's revenue from operations increased to ₹489.28 crore in FY26 from ₹372.95 crore in FY24. Total income stood at ₹505.12 crore in FY26, compared with ₹450.68 crore in the previous financial year.
Profit after tax rose to ₹116.79 crore in FY26 from ₹109.72 crore in FY25 and ₹87.92 crore in FY24.
At the upper end of the IPO price band, HD Fire Protect is valued at about ₹4,749 crore. Ambit, Anand Rathi Advisors and IIFL Capital Services are the book-running lead managers to the issue, while MUFG Intime India is the registrar.
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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
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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