HD Fire Protect IPO Details
| IPO Open Date | October 13, 2026 |
| IPO Close Date | October 15, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹258 to ₹271 Per Share |
| Issue Size | Approx ₹712.31 Crores |
| Offer for Sale: | Approx 2,62,84,500 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
HD Fire Protect IPO Market Lot
The HD Fire Protect IPO minimum market lot is 55 shares with ₹14,905 application amount. The retail investors can apply up-to 13 lots with 715 shares of ₹1,93,765 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 55 | ₹14,905 |
| Retail Maximum | 13 | 715 | ₹1,93,765 |
| S-HNI Minimum | 14 | 770 | ₹2,08,670 |
| S-HNI Maximum | 67 | 3685 | ₹9,98,635 |
| B-HNI Minimum | 68 | 3740 | ₹10,13,540 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
HD Fire Protect IPO Anchor Investors
| Anchor Bidding Date | October 12, 2026 |
| Anchor Investors List | |
| Shares Offered | 7864008 Shares |
| Anchor Size | 213.11 Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
HD Fire Protect IPO Dates
The HD Fire Protect IPO date is October 13 and the close date is October 15. The HD Fire Protect IPO allotment will be finalized on October 16 and the IPO listing on October 20.
| IPO Open Date: | October 13, 2026 |
| IPO Close Date: | October 15, 2026 |
| Basis of Allotment: | October 16, 2026 |
| Refunds: | October 19, 2026 |
| Credit to Demat Account: | October 19, 2026 |
| IPO Listing Date: | October 20, 2026 |
Promoters and Holding Pattern
The promoters of the company are Harish Narshi Dharamshi, Miheer Sadanand Ghotikar, Parika Miheer Ghotikar and Anik Narendra Dharamshi.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 17,52,30,000 | 100% | 175,230,000 | 86.96% |
| Others* | – | -% | 26,284,500 | 13.04% |
| Total | 175,230,000 | 100% | 201,514,500 | 100% |
Objects of the Issue & Utilisation of Proceeds
- NA
About HD Fire Protect
Founded in April 1997, HD Fire Protect is one of the leading manufacturers and suppliers of fire protection equipment and systems, including Water-based, Foam-based, and Gas-based fire suppression solutions. The firm provides a wide range of fire-protection products and systems, divided into 8 main categories, including sprinklers, alarm valves and accessories, deluge valves and systems, foam equipment and suppression systems, monitors and nozzles, water spray nozzles, custom-engineered systems, and gas suppression systems.
Its product range serves a wide range of industries such as industrial, residential, and commercial applications, including oil and gas, refining and petrochemicals, power and energy, heavy engineering, aerospace, pharmaceuticals, data centres, hospitality, healthcare, and other sectors. The firm has over 30 years of experience exporting its products to over 90 countries. HD Fire Protect operates its manufacturing facilities in Jalgaon and Thane, Maharashtra, spanning 8.50 acres of land.
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹392.02 | ₹275.67 | ₹87.92 | ₹392.63 |
| 2025 | ₹450.68 | ₹303.96 | ₹109.55 | ₹4,500.82 |
| 2026 | ₹505.12 | ₹349.14 | ₹116.79 | ₹432.03 |
| June 2026 | ₹114.07 | ₹81.56 | ₹23.87 | ₹477.60 |
Company Valuation – FY2026
Check HD Fire Protect IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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: | N/A |
| Return on Net Worth (RoNW): | 31.07% |
| Net Asset Value (NAV): | ₹21.45 |
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. |
IPO Lead Managers aka Merchant Bankers
- Ambit Pvt.Ltd.
- Anand Rathi Advisors Ltd.
- IIFL Capital Services Ltd.
Company Address
HD Fire Protect Ltd.
O-611,
6th Floor, Runwal R Square,
Opp. Veena Nagar, L. B. S. Marg, Mulund West,
Mumbai, Maharashtra, 400080
Phone: +91 22 3528700
Email: [email protected]
Website: https://www.hdfire.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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Purpose of issue of IPO & where are they utilising 712 crore ?
Purpose of issue of IPO & where are they utilising 712 crore ?
Purpose of issue of IPO & where are they utilising 712 crore ?