HD Fire Protect Shares List at 23.62% Premium on NSE After Strong IPO Subscription
HD Fire Protect’s market debut followed an IPO that received 131.70 times subscription, led by strong demand from institutional and non-institutional investors.
HD Fire Protect Makes a Strong Stock Market Debut
HD Fire Protect’s Rs 712.31 crore IPO was open for subscription from October 12 to October 15, 2026. The issue was entirely an Offer for Sale (OFS), meaning the proceeds will go to the selling shareholders rather than the company.
Investor demand was particularly strong in the institutional category. Qualified Institutional Buyers (QIBs) subscribed 256.65 times their reserved portion, while Non-Institutional Investors (NIIs) subscribed 203.21 times. Retail Individual Investors subscribed 30.49 times, and the employee category saw 23.61 times subscription.
IPO Details and Financial Performance
- Listing price: HD Fire Protect shares opened at Rs 335 on the NSE and Rs 334.40 on the BSE, against an issue price of Rs 271 per share.
- Listing premium: The stock listed at a 23.62% premium on the NSE and a 23.39% premium on the BSE.
- Issue size: The IPO was worth Rs 712.31 crore and comprised an Offer for Sale, with no fresh issue.
- Price band and lot size: The price band was Rs 258 to Rs 271 per share, with a lot size of 55 shares. The minimum investment at the upper price band was Rs 14,905.
- Subscription status: The issue was subscribed 131.70 times overall. QIBs subscribed 256.65 times, NIIs 203.21 times, retail investors 30.49 times and employees 23.61 times.
- Business profile: Established in 1990, HD Fire Protect manufactures fire protection equipment and systems using water, foam and gas for industrial, commercial and residential applications. Its product range includes sprinklers, deluge systems, foam equipment, suppression systems and monitors.
- FY26 revenue: Revenue from operations stood at Rs 489.28 crore, compared with Rs 432.79 crore in FY25 and Rs 372.95 crore in FY24.
- FY26 EBITDA: EBITDA increased to Rs 150.46 crore from Rs 138.01 crore in FY25.
- FY26 net profit: Profit after tax rose to Rs 116.79 crore from Rs 109.72 crore in FY25 and Rs 87.92 crore in FY24.
- Export presence: The company exported products to 49 countries in the quarter ended June 30, 2026, and to more than 90 countries during FY26, according to the information provided.
What to Watch Next
Market participants will track HD Fire Protect’s share price movement after listing, along with trading volumes and market sentiment. The company’s ability to sustain revenue and profit growth, expand its export business and meet demand for fire safety systems will also remain important factors to monitor.
Disclaimer
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