HD Fire Protect Shares List at 24% Premium on NSE
HD Fire Protect made its debut on the stock exchanges on Wednesday, October 21, 2026, with its shares listing at a 23.62% premium to the IPO issue price on the NSE. The stock opened at 335₹ per share, against the issue price of ₹271. On the BSE, the shares began trading at ₹334.40 apiece, marking a 23.39% premium.
The ₹712.31 crore IPO was open for subscription from October 12 to October 15, 2026, and received strong investor interest. The issue closed with an overall subscription of 131.70 times.
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
Explore other Upcoming IPOs on BSE and NSE.
HD Fire Protect IPO Overall Subscription Status
[October 15, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
256.65x |
|
Non-Institutional Investors (NIIs) |
203.21x |
|
Retail Individual Investors (RIIs) |
30.49x |
|
Employees |
23.61x |
|
Total |
131.70x |
About HD Fire Protect Limited
Established in 1990, HD Fire Protect manufactures fire protection equipment and systems that use water, foam and gas to safeguard industrial, commercial and residential premises. As per the CRISIL Report, the company was India’s second-largest player by operating income in FY2025 and the largest exporter by equipment value. It exported its products to 49 countries in the quarter ended June 30, 2026, and to more than 90 countries during FY2026.
HD Fire Protect designs and manufactures most of its products in-house, emphasising domestic manufacturing capabilities. Its certifications include UL Listing, FM Approvals and the ASME U Stamp. As of September 2026, the company held 21 UL Listed and 87 FM Approved product certifications. Its portfolio covers eight product 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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