The HD Fire Protect IPO has attracted significant investor interest, being subscribed 9.05 times by the second day of bidding on October 14, 2026. This initial public offering (IPO) is an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. The price band for the shares is set between ₹258 and ₹271 per share. The IPO will close on October 15, and the company's shares are expected to debut on the stock market on October 21.
- The IPO is subscribed 9.05 times overall.
- Non-institutional investors' quota is subscribed 24.63 times.
- Retail investors' quota is subscribed 6.97 times.
- Qualified Institutional Buyers (QIBs) quota is subscribed 1.06 times.
- The IPO is an offer for sale with no fresh issue component.
- Retail investors can apply for a minimum of 55 shares.
What is the structure of the HD Fire Protect IPO?
The IPO is solely an offer for sale of 2.63 crore shares by the company's promoters. This means that no new shares are being issued by the company, and therefore, HD Fire Protect will not receive any proceeds from this offering. Instead, the existing promoters are selling their shares to the public.
Who are the key promoters involved in the IPO?
The promoters selling their shares in this IPO are Harish Narshi Dharamshi and Kusum Harish Dharamshi. They are offering their stake to investors through this public issue.
How has investor response been so far?
Investor response has been strong, with the IPO subscribed 9.05 times by the second day. Non-institutional investors have shown the highest interest, subscribing 24.63 times their quota. Retail investors have also participated actively, with a subscription rate of 6.97 times. Qualified Institutional Buyers (QIBs) have subscribed 1.06 times their allocation.
What are the application details for retail investors?
Retail investors can apply for a minimum of 55 shares and in multiples of 55 thereafter. This allows smaller investors to participate in the IPO and become shareholders in the company.
What does HD Fire Protect Ltd do?
HD Fire Protect Ltd is a Mumbai-based company that designs and manufactures fire protection systems and equipment. Their products include water, foam, and gas-based fire suppression solutions. The company serves various sectors such as oil and gas, petrochemicals, power, refining, pharmaceuticals, data centres, aerospace, and warehousing.
What are some notable projects HD Fire Protect has contributed to?
The company has supplied fire protection equipment for several prominent projects, including the new Parliament building in India, the country's largest refinery in Jamnagar, and installations at the space launch facility in Sriharikota. These projects highlight the company's expertise and reputation in the fire protection industry.
Where will the company's shares be listed?
The shares of HD Fire Protect will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The listing will enable investors to trade the shares once the IPO is complete.
Who are managing the IPO?
The book-running lead managers for the IPO are IIFL Capital Services, Anand Rathi Advisors, and Ambit. MUFG Intime India is serving as the registrar for the issue.
In summary, the HD Fire Protect IPO has received strong investor interest across different categories. With its focus on fire protection solutions for critical industries and infrastructure, the company is positioning itself for growth in a vital sector. Investors interested in the IPO have until October 15 to apply, with shares expected to begin trading on October 21.
