Loading market data...
Tue, 20 Oct 2026
03:28:56 pm
Tue, 20 Oct 2026
03:28:56 pm
Rudransh Sangwan
Published at: October 11, 2026, 1:39 PM
Synopsis
HD Fire Protect IPO opens October 13 at ₹258–₹271 per share. Check the ₹712.31 crore OFS, 55-share lot size, financial results and key risks.
HD Fire Protect IPO: HD Fire Protect Limited is launching its initial public offering (IPO) to raise approximately ₹712.31 crore through an offer for sale (OFS). The IPO will open for subscription on October 13, 2026, and close on October 15, 2026.
The company manufactures fire protection equipment and suppression systems for industrial, commercial and residential applications. Its products serve sectors such as oil and gas, power, pharmaceuticals, healthcare and data centres.
| Particulars | Details |
|---|---|
| Company | HD Fire Protect Limited |
| IPO Type | Mainboard IPO |
| Issue Size | ₹712.31 crore |
| Issue Type | Offer for Sale (OFS) |
| Price Band | ₹258 to ₹271 per share |
| Face Value | ₹5 per share |
| Lot Size | 55 shares |
| Minimum Investment | ₹14,905 |
| IPO Opening Date | October 13, 2026 |
| IPO Closing Date | October 15, 2026 |
| Allotment Date | October 16, 2026 |
| Refund Date | October 19, 2026 |
| Share Credit Date | October 19, 2026 |
| Tentative Listing Date | October 21, 2026 |
| Listing Exchanges | BSE and NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Managers | Ambit Pvt. Ltd., Anand Rathi Advisors Ltd. and IIFL Capital Services Ltd. |
The minimum investment is calculated using the upper price band of ₹271 per share.
Incorporated in April 1997, HD Fire Protect Limited manufactures and supplies fire protection equipment and systems. Its portfolio includes sprinklers, alarm valves, deluge systems, foam suppression equipment, monitors, nozzles and gas-based fire suppression systems.
The company exports its products to more than 90 countries since inception. As of September 2026, it had 21 UL Listed and 87 FM Approved product certifications.
HD Fire Protect operates two manufacturing facilities in Jalgaon and Thane, Maharashtra, supported by research and development capabilities and a fire test laboratory. During FY2026, the company supplied fire protection equipment to 2,066 customers.
The company reported growth in revenue and profit after tax between FY2025 and FY2026.
| Financial Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹392.02 Cr | ₹450.68 Cr | ₹505.12 Cr |
| Profit After Tax | ₹87.92 Cr | ₹109.72 Cr | ₹116.79 Cr |
| EBITDA | ₹106.63 Cr | ₹138.01 Cr | ₹150.46 Cr |
| Total Assets | ₹392.63 Cr | ₹450.08 Cr | ₹432.03 Cr |
Figures are in ₹ crore.
Revenue from operations increased from ₹372.95 crore in FY2024 to ₹489.28 crore in FY2026, representing a compound annual growth rate (CAGR) of 14.54%.
As of June 30, 2026, the company's order book stood at ₹158.60 crore.
The IPO is entirely an offer for sale of 2,62,84,500 equity shares, aggregating up to ₹712.31 crore.
| Selling Shareholder | Offer Value |
|---|---|
| Harish Narshi Dharamshi | ₹243.46 Cr |
| Kusum Harish Dharamshi | ₹468.85 Cr |
| Total | ₹712.31 Cr |
Since the issue is an OFS, HD Fire Protect will not receive any proceeds from the IPO. The proceeds will go to the selling shareholders.
Investors can apply for a minimum of 55 shares and in multiples of 55 shares.
| Investor Category | Shares | Investment at ₹271 |
|---|---|---|
| Retail Minimum | 55 | ₹14,905 |
| Retail Maximum | 715 | ₹1,93,765 |
| Small HNI Minimum | 770 | ₹2,08,670 |
| Big HNI Minimum | 3,740 | ₹10,13,540 |
Key strengths
Key risks
HD Fire Protect operates in the fire safety sector, with an established product portfolio, international reach and reported revenue growth. However, investors should assess its valuation, financial performance, order book and industry risks before applying.
The IPO price band is ₹258 to ₹271 per share, with a minimum retail investment of ₹14,905. As the issue is entirely an offer for sale, the IPO will provide an exit opportunity to existing shareholders rather than raise fresh capital for the company.
Disclaimer: This article is for informational purposes only and is not investment advice. IPO details are based on the information provided and may change. Investors should review the official offer documents before making an investment decision.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Jio Platforms IPO draws nearly Rs 2.5 lakh crore in reported investor demand. LIC, global funds and top mutual fund houses are among interested...
Jio Platforms IPO may value the company at Rs 10.3 lakh crore, with 2.9% equity on offer. See why fund managers view Jio alongside Airtel.
Reliance shares could have 15% to 20% upside as Jio Platforms' IPO unlocks value. The estimate factors in debt reduction and future growth.
6 IPOs are open or available for subscription in India on October 15, 2026. Check issue sizes, price bands, GMP, lot sizes and listing dates.
Jio Platforms IPO has a price band of Rs 1,065 to Rs 1,119 per share and may raise Rs 30,213 crore. See issue dates, lot size and shareholder quota.
