HD Fire Protect IPO ends with 131.70 times subscription
HD Fire Protect received bids for 2,42,60,01,270 shares as against 1,84,20,492 shares on offer. The issue was subscribed 131.70 times.
The qualified institutional buyers' (QIB) portion was subscribed 256.65 times, while the non-institutional investors' (NII) category was subscribed 203.21 times. The retail individual investors' (RII) segment was subscribed 30.49 times.
The issue opened for bidding on 13 October 2026 and closed on 15 October 2026. The price band of the IPO was fixed between Rs 258 and 271 per share.
The offer comprised an offer for sale (OFS) of 2,62,84,500 equity shares of face value Rs 5 each by the promoters/promoter group, including 1,73,00,800 shares by Kusum Harish Dharamshi and 89,83,700 shares by Harish N Dharamshi. The objective of the offer was to achieve the benefits of listing the company's equity shares on the stock exchanges.
HD Fire Protect is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam and gas-based fire suppression solutions for industrial, residential and commercial applications. Its product portfolio includes sprinklers, deluge valves and skids, foam equipment, monitors, system valves, water spray nozzles, custom-engineered systems and gas suppression systems. The company serves sectors such as oil and gas, petrochemicals, power, pharmaceuticals, data centres, healthcare and hospitality. As of June 30, 2026, it had over 905 clients across domestic and international markets and has exported its products to more than 90 countries. The company operates two manufacturing facilities in Maharashtra and holds multiple international certifications, including UL, FM, CE, VdS, ASME-U and Lloyd?s Register approvals.
Ahead of the IPO, HD Fire Protect on 12 October 2026, raised Rs 213.11 crore from anchor investors. The board allotted 78.64 crore shares at Rs 271 each to 25 anchor investors.
The firm reported a consolidated net profit of Rs 23.87 crore and sales of Rs 109.05 crore for the twelve months ended on 31 March 2026.
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