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HD Fire Protect IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Upcoming

Mainboard

PRICE BAND

Rs 258 - 271

LOT SIZE

55

Shares

MIN INVEST

Rs 14,905

CUT-OFF

Rs 271

per share

Open

13 Oct 2026

Last Day

15 Oct 2026

Allotment

16 Oct 2026

Expected Refund

17 Oct 2026

Listing

21 Oct 2026

GMP Today

1m ago

+28.4%

+Rs 77 premium

Refresh in --:--

Est. Listing Price

GMP Based

Rs 348

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 4,235

+28.4% (55 shares)

Subscription

-

Not open

IPOGyani AI Engine - Live Prediction
+21.3%

Range: +17.3% to +25.3%

Confidence: Moderate - 63%

Confidence Score - 63%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 63/100📊 Sub 0x🏭 Fire Protection Equipment
Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1

Live Subscription Tracker

Real-time subscription data

Subscription data will appear when IPO opens

Current IPO Status: upcoming

Summarize with AI

Get a quick HD Fire Protect summary (150-200 words) from your favorite AI:

About HD Fire Protect

Fire Protection Equipment

Incorporated in April 1997, HD Fire Protect has more than three decades of experience in the fire protection industry. The company operates manufacturing facilities in Jalgaon and Thane, Maharashtra, supported by a fire test laboratory and R&D capabilities. It exports to more than 90 countries and had 21 UL Listed and 87 FM Approved product certifications as of September 2026. The company supplied fire protection equipment and systems to 2,066 customers in FY2026 and has served major projects including Samruddhi Mahamarg, Jamnagar refinery, the new Indian Parliament building, Saudi Aramco's Ras Tanura Sea Island site and Oman's Integrated Power & Water Plant Project.

IPO_DETAILS_LONG: HD Fire Protect IPO is a Mainboard book-built issue comprising an offer for sale of 2,62,84,500 equity shares of face value ₹5 each. The issue is entirely an OFS, meaning the company will not receive any proceeds from the IPO. The IPO opens on October 13, 2026 and closes on October 15, 2026. Allotment is scheduled for October 16, refund and demat credit for October 19, and listing on BSE and NSE is scheduled for October 21, 2026. The price band is yet to be declared. The pre-issue shareholding is 17,52,30,000 shares and the post-issue shareholding remains 17,52,30,000 shares.

Issue Details

Total Issue Size

Rs 712 Cr

Issue Size for Retail

Rs 249.2 Cr

Fresh Issue vs OFS

OFS
Rs 0 Cr (100%)

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Ambit Pvt. Ltd.; Anand Rathi Advisors Ltd.; IIFL Capital Services Ltd.

Registrar

MUFG Intime India Pvt. Ltd.

Objects of the Issue (as per DRHP)

  • 1Offer for Sale by existing selling shareholders; the company will not receive any proceeds from the IPO

Key Performance Indicator (KPI)

KPIJun 30, 2026Mar 31, 2026
ROE6.13%30.17%
ROCE8.36%40.33%
Debt/Equity--
RoNW5.97%31.07%
PAT Margin20.92%23.12%
EBITDA Margin27.26%30.75%
Price to Book Value12.63
Pre IPOPost IPO
EPS (Rs)6.665.45
P/E (x)40.6949.72
Promoter Holding100.00%85.00%
Market CapRs 4748.73 Cr.

Harish Narshi Dharamshi; Kusum Harish Dharamshi; Miheer Sadanand Ghotikar; Parika Miheer Ghotikar; Anik Narendra Dharamshi

HD Fire Protect Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income392.02450.68505.12
Net Profit (PAT)87.92109.72116.79
EBITDA106.63138.01150.46
Borrowings000
ROE28.41%29.63%30.17%
ROCE37.61%39.63%40.33%
Debt/EquityNANANA
Assets392.63450.08432.03

Company Financials

Financial charts load as you reach this section.

MARKET SENTIMENT SCORE

0
50
100
63
Bullish

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

2
Positive
1
Neutral
1
Negative
Knowledge JazzYouTuberPositive

By Jayesh Khatri

HD Fire Protect IPO opens on Oct 13, 2026, with a price band set at ₹258 to ₹271 per share. The company specializes in fire protection equipment and suppression systems with UL and FM international certifications. With an active GMP indicating a potential 29% listing gain, Jayesh evaluates the business model, valuation, and subscription prospects.

07 Oct 2026View Source
Ask Wealth QuestYouTuberPositive

By Ask Wealth Quest

HD Fire Protect IPO is a ₹712 crore 100% Offer for Sale issue listing on NSE and BSE. Ask Wealth Quest provides a breakdown of the company's financials, showing steady revenue and profit growth alongside peer comparisons. They highlight the strong international product certification entry barriers while reminding investors that IPO proceeds go to selling shareholders.

07 Oct 2026View Source
Finance GyaniYouTuberNegative

By Finance Gyani

Finance Gyani reviews HD Fire Protect IPO's listing potential in light of current grey market premium trends. The analysis emphasizes the company's export footprint in over 90 countries for fire sprinklers and deluge systems. However, the reviewer advises caution due to the 100% OFS structure and recommends comparing valuations against industry peers before bidding.

07 Oct 2026View Source
Stock Market TakYouTuberNeutral

By Stock Market Tak

Stock Market Tak outlines key timeline dates, the 55-share lot size, and issue parameters for HD Fire Protect IPO. The video covers market demand drivers for industrial safety products and tracks early GMP indications. Investors are recommended to track overall market conditions and subscription momentum during the bidding window from Oct 13 to Oct 15.

07 Oct 2026View Source

Reviews are AI-summarized from top financial YouTubers, and other expert sources. Each summary is limited to 2 lines for quick reading.

Company Contact Details

O-611, 6th Floor, Runwal R Square, Opp. Veena Nagar, L. B. S. Marg, Mulund West, Mumbai, Maharashtra - 400080

Green Flags

  • More than three decades of experience in the fire protection industry.
  • Strong UL and FM product certification track record.
  • Exports to more than 90 countries since inception.
  • Broad portfolio covering water, foam and gas-based fire suppression systems.
  • In-house product development, manufacturing, testing and R&D capabilities.
  • Revenue from operations increased from ₹372.95 Cr in FY24 to ₹489.28 Cr in FY26.
  • Profitable operations with ₹116.79 Cr PAT in FY26.

Red Flags

  • IPO is entirely an OFS, so the company will not receive any IPO proceeds.
  • The price band has not yet been declared, so IPO valuation cannot currently be assessed.
  • EBITDA margin declined from 30.75% in FY26 to 27.26% in the June 2026 quarter.
  • ROE and RoNW declined significantly in the June 2026 quarter compared with FY26.
  • 15% of the post-issue shareholding will be public, increasing the public float after listing.
  • The business depends on industrial and infrastructure project demand and execution.
  • === END ===

Official Documents

Prospectus filings and anchor allotment disclosures from HD Fire Protect.

IPO Lot Size

Investors can bid for a minimum of 55 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)155₹14,905
S-HNI (Min)14770₹2,08,670
B-HNI (Min)683,740₹10,13,540

Frequently Asked Questions

What is the price band of HD Fire Protect IPO?

The price band is Rs 258-271 per share. One lot contains 55 shares; its value at the upper price is Rs 14,905. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for HD Fire Protect IPO?

The scheduled bidding period is 13 Oct 2026 to 15 Oct 2026.

When is HD Fire Protect IPO scheduled to list?

The scheduled listing date is 21 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for HD Fire Protect IPO?

MUFG Intime India Pvt. Ltd. is the registrar. See the allotment page for the available schedule and official checking link.

Who manages HD Fire Protect IPO?

Lead manager information recorded for this issue: Ambit Pvt. Ltd.; Anand Rathi Advisors Ltd.; IIFL Capital Services Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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