HD Fire Protect IPO Day 3: Subscription Status, Timeline & Key Issue Details
HD Fire Protect’s ₹712.31 crore IPO entered its final day of subscription on October 15, 2026, with the price band set at ₹258 to ₹271 per share. By 10:20 AM on Day 3, the issue had been subscribed 20.74 times.
The basis of allotment is expected to be finalised on October 16, while the shares are provisionally scheduled to list on the BSE and NSE on October 21, 2026.
HD Fire Protect IPO - Issue Details
- Issue Type: Book Built Issue (OFS only)
- Total Issue Size: Up to ₹712.31 crore
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to ₹712.31 crore
- Face Value: ₹5 per equity share
- Price Band: ₹258 to ₹271 per share
- Lot Size: 55 shares
- Minimum Investment Amount (Retail Investor): ₹14,905 (55 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Ambit Private Limited, Anand Rathi Advisors Limited, IIFL Capital Services Limited
- Registrar: MUFG Intime India Private Limited
HD Fire Protect IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
13 October 2026 |
|
Subscription Closing Date |
15 October 2026 |
|
Basis of Allotment Date |
16 October 2026 |
|
Refund Initiation Date |
19 October 2026 |
|
Credit of Shares |
19 October 2026 |
|
Listing on BSE and NSE |
21 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
HD Fire Protect IPO Day 3 Subscription Status
[October 15, 2026, 10:20 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.51x |
|
Non-Institutional Investors (NIIs) |
64.41x |
|
Retail Individual Investors (RIIs) |
13.10x |
|
Employees |
9.27x |
|
Total |
20.74x |
About HD Fire Protect Limited
Founded in 1990, HD Fire Protect manufactures water-, foam- and gas-based fire protection systems for industrial, commercial and residential facilities. According to the CRISIL Report, it ranked as India’s second-largest player by operating income in FY2025 and the largest exporter by equipment value. The company exported products to 49 countries in the quarter ended June 30, 2026, and to over 90 countries during FY2026.
HD Fire Protect manufactures most of its products in-house and holds certifications such as UL Listing, FM Approvals and the ASME U Stamp. As of September 2026, it had 21 UL Listed and 87 FM Approved product certifications. Its portfolio spans eight categories, including sprinklers, deluge systems, foam equipment, suppression systems and monitors.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
489.28 |
432.79 |
372.95 |
|
EBITDA |
150.46 |
138.01 |
106.63 |
|
Profit After Tax (PAT) |
116.79 |
109.72 |
87.92 |
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