Why is the HD Fire Protect IPO trending?
The company is trending because its ₹712-crore IPO is currently open for public subscription. It recently secured over ₹213 crore from anchor investors, including several major mutual funds, ahead of the public launch.
What happened
- Earlier
HD Fire Protect raised ₹213.11 crore from 25 anchor funds at ₹271 per share [2].
- 13 Oct, 2026
The IPO opened for public subscription [2].
- 15 Oct, 2026
The subscription window for the IPO is scheduled to close [2].
- 21 Oct, 2026
Shares are expected to list on the NSE and BSE [2].
What you need to know
The price band for the shares is set between ₹258 and ₹271 [2].
This is an offer-for-sale of 2.63 crore shares, meaning the company receives no funds from the IPO [2].
The company is valued at roughly ₹4,750 crore at the top end of its price band [2].
The firm exports fire suppression systems to more than 90 countries [1].
The official listing gains are not confirmed, as grey market premiums are unofficial and unregulated [1].
Background
Founded in April 1997, HD Fire Protect creates fire suppression systems using gas, foam, and water [1]. The Mumbai-based company operates two plants in Maharashtra across 8.50 acres [1, 2].
Their products serve various industries, including aerospace, data centers, and petrochemicals [1, 2]. Notable clients include the new Indian Parliament building and the Jamnagar refinery [2].
Questions people ask
Who is selling the shares in this IPO?
The shares are being sold by promoters Kusum Harish Dharamshi and Harish Narshi Dharamshi [2].
Which investors participated in the anchor round?
Participants included Bajaj Life Insurance, Axis Max Life Insurance, Allianz Global Investors Fund, and mutual funds such as HDFC, ICICI Prudential, and Kotak [2].
Where this came from
[1] ipowatch.in
HD Fire Protect IPO GMP, Grey Market Premium Today
Preview image from ipowatch.in
[2] thehindubusinessline.com
HD Fire Protect raises ₹213 cr from anchor investors ahead of IPO
Preview image from thehindubusinessline.com
[3] moneylife.in
IPO Review: Fusion CX Limited
Preview image from moneylife.in
Found through Google Trends and drafted with AI from at least two cited sources. Published automatically after passing our automated checks for sources, wording and safety. It may not have been reviewed by a person yet. Report a correction.