The HD Fire Protect IPO, valued at ₹712.13 crore, is concluding on October 15, 2026. This initial public offering consists entirely of an offer for sale of 2.63 crore shares by the company's promoters, Harish Narshi Dharamshi and Kusum Harish Dharamshi. Investors interested in this fire protection equipment manufacturer can check the subscription status and allotment date as the IPO process nears completion.
- The IPO is subscribed 16.50 times as of day 2.
- Non-institutional investors led the bidding with 48.70 times subscription.
- Retail investors subscribed 11.33 times, while qualified institutional buyers subscribed 1.49 times.
- The IPO price band is set between ₹258 and ₹271 per share.
- Allotment is expected on October 16, with listing on stock exchanges on October 21.
What is the HD Fire Protect IPO?
The HD Fire Protect IPO is an offer for sale of 2.63 crore shares by the promoters of the company. The total issue size is ₹712.13 crore. Unlike many IPOs, this one does not include a fresh issue of shares, meaning the company itself will not receive any proceeds from the sale. Instead, the money raised will go directly to the selling promoters, Harish Narshi Dharamshi and Kusum Harish Dharamshi.
HD Fire Protect Ltd is based in Mumbai and specializes in manufacturing and supplying fire protection equipment and systems. Their product range includes water-, foam-, and gas-based fire suppression solutions designed to protect various environments from fire hazards.
How has the subscription progressed so far?
By the end of day 2, the IPO was oversubscribed 16.50 times. This means that the number of shares applied for was more than sixteen times the number of shares available. Specifically, bids were received for 30,38,47,390 shares compared to the 1,84,20,492 shares on offer, according to data from the National Stock Exchange (NSE).
Breaking down the subscription by investor category:
- Non-institutional investors showed strong interest, subscribing 48.70 times their allotted shares.
- Retail investors subscribed 11.33 times their portion.
- Qualified institutional buyers (QIBs) subscribed 1.49 times.
What is the lot size and price band for the IPO?
The lot size for applying to the HD Fire Protect IPO is 55 shares. Investors must apply in multiples of this lot size. The price band for the shares is set between ₹258 and ₹271 per share. This range determines the price at which investors can bid for shares during the IPO.
When will the allotment and listing happen?
The allotment of shares is expected to be finalized on Friday, October 16, 2026. Following allotment, the shares will be listed on stock exchanges on October 21, 2026. The company expects that listing will enhance its visibility and brand image while providing liquidity and a public market for its equity shares in India.
What does the company say about the IPO?
"Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," stated HD Fire Protect in its red herring prospectus.
Since the IPO is an offer for sale, the company will not receive any fresh capital from this issue. Instead, the proceeds will go to the promoters selling their shares.
How can investors check subscription status and apply?
Investors can check the subscription status after 10 am on the day the IPO closes, which is October 15, 2026. Applications can be made through stock brokers or online platforms that facilitate IPO investments. It is important to apply in multiples of the lot size of 55 shares and within the price band of ₹258 to ₹271 per share.
