Shares of HD Fire Protect Ltd, a fire protection equipment manufacturer, made a strong debut on the stock exchanges on October 21, 2026. The shares listed at a price nearly 24% higher than the initial public offering (IPO) price, providing investors with notable profits per lot. This article explains how much investors earned and the details of the IPO.
- HD Fire Protect shares listed at ₹335 on NSE, a 23.62% premium over the IPO price of ₹271.
- Each lot consisted of 55 shares, costing ₹14,905 at the IPO price.
- Investors gained ₹3,520 per lot based on the listing price.
- The IPO was an offer for sale of 2.63 crore shares by promoters, raising ₹712.13 crore.
- No fresh shares were issued, so the company did not receive funds from the IPO.
- The IPO was highly subscribed, with bids 131.70 times the shares on offer.
What was the listing price of HD Fire Protect shares?
On October 21, 2026, HD Fire Protect shares debuted on the National Stock Exchange (NSE) at ₹335 per share. This price was 23.62% higher than the IPO issue price of ₹271 per share. On the Bombay Stock Exchange (BSE), the shares listed at ₹334.40, which was 23.39% above the issue price. This strong listing price reflects positive market sentiment toward the company.
How much did investors make per lot?
Each lot of HD Fire Protect shares consisted of 55 shares. At the IPO price of ₹271, one lot cost ₹14,905. After listing at ₹335, the value of one lot increased to ₹18,425. This means investors who received allotments made a profit of ₹3,520 per lot on the listing day, representing a significant gain in a short period.
What was the nature of the IPO?
The HD Fire Protect IPO was entirely an offer for sale (OFS) of 2.63 crore shares. These shares were sold by the promoters, Harish Narshi Dharamshi and Kusum Harish Dharamshi, and the total amount raised was ₹712.13 crore. Since there was no fresh issuance of shares, the company itself did not receive any proceeds from the IPO. Instead, the funds went directly to the selling promoters.
Why did the company go public?
According to the company's red herring prospectus (RHP), the listing of equity shares is expected to enhance HD Fire Protect's visibility and brand image. Additionally, it will provide liquidity and a public market for the company's equity shares in India, which can benefit both the company and its shareholders over time.
How popular was the IPO among investors?
The IPO was highly popular and oversubscribed by a large margin. It received bids for 2,42,60,01,270 shares, which is 131.70 times the 1,84,20,492 shares on offer. Qualified institutional buyers (QIBs) led the bidding, subscribing their portion 256.65 times. Non-institutional investors subscribed 203.21 times, and retail individual investors subscribed 30.49 times, showing strong demand across all investor categories.
