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Mainboard IPO LISTED BSE, NSE HDFIRE

HD Fire Protect IPO

HD Fire Protect IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.

Live GMP Today
₹64 +23.6%
Est. Listing: ₹335.00
Price Band
₹258 - ₹271
Per equity share
Lot Size
55 Shares
Min Invest: ₹14,905
Issue Size
₹712.13 Cr
Total Public Offering
Issue Dates
12 October 2026 – 14 October 2026
Bidding period
Subscription
131.7x
Total overall demand

HD Fire Protect IPO Details

Key facts at a glance
IPO Open Date 12 October 2026 IPO Close Date 14 October 2026
Basis of Allotment 15 October 2026 Listing Date 20 October 2026
Price Band ₹258 - ₹271 per share Face Value ₹10 per share
Market Lot Size 55 Shares Min Investment (Retail) ₹14,905
Total Issue Size ₹712.13 Cr Issue Type Book Built Issue IPO
Fresh Issue — Offer for Sale (OFS) ₹712.13 Cr
Listing At BSE, NSE Issue Category Mainboard Issue
Registrar MUFG Intime India Pvt. Ltd.

HD Fire Protect IPO Timetable (Tentative Dates)

Event Tentative Date Status
IPO Open Date 12 October 2026 Confirmed
IPO Close Date 14 October 2026 Confirmed
Basis of Allotment 15 October 2026 Tentative
Initiation of Refunds 19 October 2026 Tentative
Credit of Shares to Demat 19 October 2026 Tentative
IPO Listing Date 20 October 2026 Tentative
Cut-off time for UPI Mandate Confirmation 15 October 2026 (5:00 PM) Deadline

* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.

HD Fire Protect IPO Lot Size & Investment Details

Application limits for Retail and HNI investors
Application Category Lots Shares Amount (at Cut-off)
Retail (Min) 1 Lot 55 Shares ₹14,905
Retail (Max) 13 Lots 715 Shares ₹1,93,765
S-HNI (Min) 14 Lots 770 Shares ₹2,08,670
S-HNI (Max) 67 Lots 3,685 Shares ₹9,98,635
B-HNI (Min) 68 Lots 3,740 Shares ₹10,13,540

HD Fire Protect IPO Live GMP & Movement History

Daily unofficial grey market trends
Current Grey Market Premium

₹64 +23.6%

Estimated Listing Price
₹335.00
Date IPO GMP (₹) Estimated Listing Price Estimated Listing Gain (%)
21 Oct 2026 ₹71 ₹342.00 +26.20%
20 Oct 2026 ₹70 ₹341.00 +25.83%
19 Oct 2026 ₹70 ₹341.00 +25.83%
18 Oct 2026 ₹70 ₹341.00 +25.83%
17 Oct 2026 ₹70 ₹341.00 +25.83%
16 Oct 2026 ₹80 ₹351.00 +29.52%
15 Oct 2026 ₹85 ₹356.00 +31.37%
14 Oct 2026 ₹91 ₹362.00 +33.58%
13 Oct 2026 ₹86 ₹357.00 +31.73%
12 Oct 2026 ₹75 ₹346.00 +27.68%
11 Oct 2026 ₹75 ₹346.00 +27.68%
10 Oct 2026 ₹75 ₹346.00 +27.68%
9 Oct 2026 ₹75 ₹346.00 +27.68%
8 Oct 2026 ₹55 ₹326.00 +20.30%
7 Oct 2026 ₹60 ₹331.00 +22.14%
6 Oct 2026 ₹0 ₹271.00 0.00%
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.

HD Fire Protect IPO Subscription Status

Demand breakdown by investor category
Retail
30.49x
QIB
256.65x
NII / HNI
203.21x
Total
131.70x

HD Fire Protect Company Financials

Restated figures (₹ in Crores)
Period Total Assets Total Revenue Total Expenses Profit After Tax (PAT)
2024 392.63 Cr. 392.02 Cr. 275.67 Cr. 87.92 Cr.
2025 4,500.82 Cr. 450.68 Cr. 303.96 Cr. 109.55 Cr.
2026 432.03 Cr. 505.12 Cr. 349.14 Cr. 116.79 Cr.
June 2026 477.60 Cr. 114.07 Cr. 81.56 Cr. 23.87 Cr.

* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).

HD Fire Protect IPO Valuation & KPIs

Key metrics pre-issue
EPS
6.66 (Basic)
P/E Ratio
N/A
RoNW
31.07%
NAV per share
₹21.45
RoCE
40.33%
RoE
30.17%
Debt to Equity
–
PAT Margin
23.12%
EBITDA Margin
30.75%

HD Fire Protect Peer Group Comparison

Listed industry peers
Company Name P/E EPS (₹) RoNW (%) NAV (₹) Total Income
Azad Engineering Limited 145.65 20.57 8.74% 236.74 648.63 Cr.
KSB Limited 55.68 15.54 16.11% 96.46 2754.87 Cr.
Kirloskar Pneumatic Company Limited 17.18 39.45 20.36% 192.25 1814.46 Cr.
Elgi Equipment Limited 44.70 13.65 19.28% 70.41 4068.50 Cr.
Ingersoll-Rand (India) Limited 51.39 81.10 20.36% 195.04 1430.80 Cr.

About HD Fire Protect

HD Fire Protect is a manufacturer and supplier of comprehensive fire protection equipment and systems, catering to diverse sectors such as industrial, commercial, residential, and infrastructure across India and over 90 countries. The company’s core business involves designing and producing a wide range of products, including water spray nozzles, foam equipment and suppression systems, gas suppression systems, deluge valves, pre-action systems, and custom-engineered solutions. It generates revenue primarily through the sale of these manufactured goods, alongside offering contract manufacturing services for off-the-shelf standard products. The business operates through a multi-tiered sales network comprising direct customers and international distributors, relying on short-term purchase orders. Production is centralized across two manufacturing facilities in Maharashtra. A significant portion of its sales stems from export markets, demonstrating a strong global footprint. The company maintains stringent quality controls, adhering to safety certifications.

HD Fire Protect IPO Important Dates

Particular Dates
IPO Open Date 13 Oct 2026
IPO Close Date 15 Oct 2026
Basis of Allotment 16 Oct 2026
Refunds 19 Oct 2026
Credit to Demat Account 19 Oct 2026
IPO Listing Date 21 Oct 2026

Note: The timeline for HD Fire Protect IPO is tentative and subject to change.

HD Fire Protect Objects of the Issue & Utilisation of Proceeds

To Be Updated Soon

HD Fire Protect Company Financial Report

Period Revenue Expense PAT Assets
2024 392.02 Cr. 275.67 Cr. 87.92 Cr. 392.63 Cr.
2025 450.68 Cr. 303.96 Cr. 109.55 Cr. 4,500.82 Cr.
2026 505.12 Cr. 349.14 Cr. 116.79 Cr. 432.03 Cr.
June 2026 114.07 Cr. 81.56 Cr. 23.87 Cr. 477.60 Cr.

Note: Financial numbers for HD Fire Protect are in ₹ Crores unless stated otherwise.

HD Fire Protect Company Valuation & Key Performance Indicators

KPI Values
ROE 30.17%
ROCE 40.33%
EBITDA Margin 30.75%
PAT Margin 23.12%
Debt to Equity Ratio –
Earning Per Share (EPS) 6.66 (Basic)
Price/Earning P/E Ratio -
Return on Net Worth (RoNW) 31.07%
Net Asset Value (NAV) 21.45

Note: Valuation KPIs for HD Fire Protect are computed for FY2026.

HD Fire Protect Peer Group Comparison

Company EPS PE Ratio RoNW % NAV Income
Azad Engineering Limited 20.57 145.65 8.74% 236.74 648.63 Cr.
KSB Limited 15.54 55.68 16.11% 96.46 2754.87 Cr.
Kirloskar Pneumatic Company Limited 39.45 17.18 20.36% 192.25 1814.46 Cr.
Elgi Equipment Limited 13.65 44.70 19.28% 70.41 4068.50 Cr.
Ingersoll-Rand (India) Limited 81.10 51.39 20.36% 195.04 1430.80 Cr.

Note: Peer group comparisons for HD Fire Protect are sourced from DRHP filings.

HD Fire Protect IPO FAQs

HD Fire Protect IPO opens for subscription on 12 October 2026 and closes on 14 October 2026.

The price band for HD Fire Protect IPO is set at ₹258.00 to ₹271.00 per share.

The minimum market lot size is 55 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 55 Shares (₹14,905).

The latest Grey Market Premium (GMP) for HD Fire Protect IPO is ₹64.00. GMP represents the unofficial premium at which shares trade prior to listing.

The basis of allotment for HD Fire Protect IPO is tentatively scheduled for 15 October 2026, and shares are expected to list on the stock exchanges on 20 October 2026.

MUFG Intime India Pvt. Ltd. is the official registrar for HD Fire Protect IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.

IPO Registrar

MUFG Intime India Pvt. Ltd.

Responsible for allotment finalization and demat credit processing.

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