HD Fire Protect IPO GMP Today

The issue

HD Fire Protect Limited is an Indian manufacturer and supplier of fire protection equipment and systems, operating manufacturing facilities in Jalgaon and Thane, Maharashtra. Its portfolio encompasses water-, foam-, and gas-based suppression solutions, including sprinklers, deluge valves, foam hardware, monitors, nozzles, and custom-engineered assemblies. In Fiscal 2026, the company served 2,066 customers across heavy engineering, oil and gas, power, data centres, and commercial sectors, with export reach spanning more than 90 countries.

HD Fire Protect Limited is a Mainboard issue on NSE & BSE. The price band is ₹258–₹271. One lot is 55 shares, and the smallest application is 1 lot (55 shares, ₹14,905 at the top of the band). The issue size is ₹712.13 crore.

The issue is entirely an offer for sale of up to 26,284,500 equity shares by promoter selling shareholders, with no fresh issue component. The company will not receive any proceeds from the offering, as the entire amount goes to the selling shareholders.

In Fiscal 2026, revenue from operations increased 13.05% to ₹489.28 crore from ₹432.80 crore in Fiscal 2025. Profit after tax (PAT) grew 6.44% to ₹116.79 crore in Fiscal 2026 from ₹109.72 crore in Fiscal 2025.

HD Fire Protect listed on 21 Oct 2026 at +23.62% over the ₹271 issue price. The last grey-market premium before listing was +₹70 (+25.83%), so the listing came in below what the grey market implied.

Latest overall subscription on this edition is 131.70×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.

The business relies heavily on obtaining and maintaining stringent national and international product certifications, such as UL Listing and FM Approval, any loss of which could materially harm sales. It is also vulnerable to international trade barriers, raw material price volatility, and product liability risks associated with critical life-safety and high-hazard applications.

The timetable on the record is open 13 Oct 2026, close 15 Oct 2026, allotment 16 Oct 2026, listing 21 Oct 2026. MUFG Intime India is the registrar. Check allotment on their site with your PAN after the basis is out. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.

Company profile: AI analysis of the offer document and news coverage (2 Nov 2026). Sources: mediabrief.com, oquilia.com, m.economictimes.com, indiainfoline.com, taxguru.in. Check the offer document before relying on a figure.