What was the subscription of HD Fire Protect IPO?

HD Fire Protect IPO was subscribed 131.70x times overall - QIB 256.65x, HNI/NII 203.21x, Retail 30.49x.

What was the GMP of HD Fire Protect IPO?

Day-by-day IPO GMP history for HD Fire Protect is listed on this page.

HD Fire Protect IPO

Q: What was the listing gain of HD Fire Protect IPO?

HD Fire Protect IPO listed at +23.62% versus the upper issue price of Rs 271 on 21 October 2026.

Fire Protection Equipment & Systems - Listed on 21 October 2026

+23.6% listing gain

Issue Price (Upper)

Rs 271

Listing Price

Rs 335

Closing Price (NSE)

Total Subscription

131.70x

HD Fire Protect IPO listing summary

HD Fire Protect (Fire Protection Equipment & Systems) closed its IPO window in 2026 and listed on NSE and BSE on 21 October 2026 at an upper band issue price of Rs 271, opening at Rs 335 for a listing gain of +23.6%. The IPO was subscribed 131.70x overall - QIB 256.65x, HNI/NII 203.21x, Retail 30.49x. The total issue size was Rs 712.31 Cr (Fresh Issue Rs 0 Cr, OFS Rs 712.31 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

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About HD Fire Protect

Fire Protection Equipment & Systems

HD Fire Protect manufactures and supplies fire protection equipment and systems for industrial, commercial, residential and infrastructure applications in India and international markets.

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About HD Fire Protect IPO

Issue structure, listing outcome and context

The ₹712.31 crore IPO was priced at ₹271 per share at the upper end of the ₹258 to ₹271 price band. The offer comprised an offer for sale, with no fresh issue proceeds going to the company. The shares listed on NSE at ₹335 on 21 October 2026, a 23.62% premium to the issue price. The user-provided Day 3 GMP was 33.2% and AI prediction was 27.8%.

Listing day performance

Listing Gain (Open)

+23.62%

Listing Gain (Close)

Day Change After Listing

Retail Quota

34.9%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB256.65x

HNI / NII203.21x

Retail30.49x

Overall131.70x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 14.62x

Day 211.59x

Day 3 (Final)131.70x

HD Fire Protect IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

Day	GMP (Rs)	GMP %
Day 1	-	-
Day 2	-	-
Day 3	-	+33.20%
Day 4	-	-
Day 5	-	-

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range

33.2%

IPOGyani AI Prediction

27.8%

Actual Listing Gain

+23.6%

Prediction Accuracy: 4.2 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 712.31 Cr

Fresh IssueRs 0 Cr

OFSRs 712.31 Cr

IPO PE-

Peer / Sector PE-

PE vs Sector Ratio-

Latest EBITDA (Cr)-

Debt / Equity-

Market context at listing

How the broader market moved around the HD Fire Protect IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-

Nifty 1W Return-

Nifty 1M Return-

Nifty during IPO window-