HD Fire Protect IPO to Open on October 13; Price Band Fixed at ₹258–₹271
Bilkul Bazaar
Ahmedabad
HD Fire Protect Limited is set to launch its initial public offering (IPO) on October 13, 2026. The issue will remain open for subscription until October 15, while the anchor investor bidding will take place on October 12.
The company has fixed the price band at ₹258 to ₹271 per equity share, with a face value of ₹5 per share. Investors can bid for a minimum of 55 shares and in multiples of 55 thereafter.
The IPO comprises an Offer for Sale (OFS) of up to 2,62,84,500 equity shares by promoter selling shareholders. Harish Narshi Dharamshi will offer up to 89,83,700 shares, while Kusum Harish Dharamshi will offer up to 1,73,00,800 shares. There is no fresh issue component in the IPO.
At the upper price band of ₹271, the total offer size is approximately ₹712.3 crore, while at the lower band of ₹258, it is approximately ₹678.1 crore.
Eligible employees participating in the Employee Reservation Portion will be offered a ₹25 discount per equity share.
The equity shares are proposed to be listed on the BSE and NSE, with BSE acting as the designated stock exchange.
Under the IPO allocation structure, not more than 50% of the Net Offer will be available for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders, subject to applicable regulations.
Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited are the Book Running Lead Managers to the issue.
IPO Snapshot
| Particular | Details |
| Company | HD Fire Protect Limited |
| IPO Type | Offer for Sale (OFS) |
| Fresh Issue | None |
| OFS Size | Up to 2,62,84,500 shares |
| Price Band | ₹258 – ₹271 |
| Face Value | ₹5 per share |
| IPO Opens | October 13, 2026 |
| IPO Closes | October 15, 2026 |
| Anchor Bidding | October 12, 2026 |
| Lot Size | 55 shares |
| Minimum Investment | ₹14,190–₹14,905 |
| Employee Discount | ₹25 per share |
| Listing | BSE & NSE |
| Designated Exchange | BSE |
| Approx. Issue Size | ₹678.1–₹712.3 crore |
| Lead Managers | Ambit, Anand Rathi Advisors, IIFL Capital Services |
| HD Fire Protect Limited to Open ₹678–₹712 Crore IPO on October 13 HD Fire Protect Limited Fixes IPO Price Band at ₹258–₹271 Per Share HD Fire Protect Limited IPO to Comprise Offer for Sale of 2.63 Crore Shares HD Fire Protect Limited Sets Minimum IPO Bid at 55 Equity Shares HD Fire Protect Limited to List Equity Shares on BSE and NSE After IPO HD Fire Protect Limited Schedules Anchor Investor Bidding for October 12 HD Fire Protect Limited Offers ₹25 Per Share Discount to Eligible Employees |
Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.
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