HD Fire Protect’s initial public offering (IPO) is set to open for subscription on October 13, 2026. According to the Red Herring Prospectus (RHP), the ₹712.31.00 crore book-built issue comprises an offer for sale (OFS) of 2.63 crore equity shares, with no fresh issue of shares.

The IPO will remain open until October 15, 2026. The basis of allotment is expected to be finalised on October 16, 2026, and the shares are tentatively scheduled to be listed 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹271 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	55	₹14.905
Retail (Maximum)	13	715	₹1,93,765
sNII (Minimum)	14	770	₹2,08,670
bNII (Minimum)	68	3740	₹10,13,540

About HD Fire Protect Limited

Established in 1990, HD Fire Protect is an Indian manufacturer of fire protection equipment and systems, offering water, foam and gas-based fire suppression solutions for industrial, commercial and residential applications. According to the CRISIL Report, it was the second-largest manufacturer in India by operating income in Fiscal 2025 and the largest exporter by equipment value. It exported to 49 countries in the three months ended June 30, 2026, and to more than 90 countries in Fiscal 2026.

The company develops most of its products in-house and focuses on locally manufactured fire protection solutions. It has received UL Listing, FM approvals and ASME U stamp certification, with 21 UL Listed and 87 FM Approved product certifications as of September 2026. Its portfolio covers 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