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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
HD Fire Protect Limited is an Indian manufacturer and supplier of a comprehensive portfolio of fire protection equipment and systems, including water, foam, and gas-based suppression technologies.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 · 13 Oct | 1.02× | 7.44× | 2.82× | 3.29× |
| Day 2 · 14 Oct | 1.42× | 30.9× | 7.99× | 11.0× |
| Day 3 · 15 Oct | 157× | 128× | 20.8× | 82.4× |
QIB = qualified institutional buyers, NII = non-institutional (HNI) investors, Retail = individual bids up to ₹2 lakh. Figures are end-of-day captures; the final day's number can rise further after 5 PM as the exchange consolidates bids.
The company develops and manufactures fire protection equipment and systems in-house, serving high-hazard industrial applications as well as residential and commercial sectors. Its product range includes sprinklers, deluge valves, foam equipment, and custom-engineered systems.
With over three decades of experience, the company has established a global presence, exporting to more than 90 countries. It holds numerous international certifications, including UL Listing, FM Approval, and ASME U Stamp, which serve as significant entry barriers in the industry.
The company operates two manufacturing facilities in Maharashtra and maintains a diversified customer base across sectors such as oil & gas, power, infrastructure, and data centres. It also provides white-labelling services and custom-engineered solutions tailored to specific client requirements.
Only the fresh-issue half funds the company. Offer-for-sale money goes to shareholders selling out — it changes who owns the business, not what the business can spend.
Since its listing-day close it has moved -12.6%, while the Nifty moved +7.6% over the same 11 sessions. Windows are measured vs the issue price and fill in as sessions trade.
Full stock analysis for HDFIRE →At the upper band of ₹271 and FY26 diluted EPS of ₹6.66, the issue is priced at 40.7× earnings; the listed peers named in the RHP range from 17.2× to 145.7× (average 63.0×).
Peer multiples are as printed in the RHP (priced on its record date) and differ in size, growth and quality — a P/E comparison describes where the price sits, not whether it is right. Not a recommendation.
This row was written the day before listing and has not been edited since. Right or wrong, it stays.
An issue price only means something next to what the market already pays for similar businesses.
GMP is unofficial, unregulated grey-market chatter. It moves hourly, it is not a quoted price, and listing prices routinely diverge from it. Nothing on this page is a recommendation to apply for or avoid this issue — it is the public record plus a description of the business, published for education. The business profile is an AI summary of the company's red herring prospectus; every figure shown was checked to appear in the prospectus text, and anything that didn't match was left out. Read the RHP itself before relying on any of it.
HD Fire Protect listed on 21 Oct 2026 at Rs 335 against an issue price of Rs 271 — a gain of 23.6% on debut.
The HD Fire Protect IPO price band is Rs 258 to Rs 271 per share, with bidding open from 13 Oct 2026 to 15 Oct 2026. It is a Mainboard issue.
The minimum bid is one lot of 55 shares, which is Rs 14,905 at the upper price band. A retail investor can bid for up to 13 lots (Rs 1,93,765) within the Rs 2 lakh retail limit.
As of 5 Nov 2026, HD Fire Protect traded 1.0% below its issue price and 12.6% below its listing-day close; the Nifty moved +7.6% over the same period.
At the upper price band of Rs 271 and diluted EPS of Rs 6.66 (FY2026), the HD Fire Protect IPO is priced at about 40.7 times earnings. The listed peers named in its RHP trade between 17.2x and 145.7x (average 63.0x). A P/E comparison describes where the price sits relative to peers; it is not a recommendation.
As of 15 Oct 2026, the HD Fire Protect IPO was subscribed 82.40 times overall — QIB 156.82 times, NII 128.09 times, retail 20.81 times, per official NSE bid data.
Across the 47 IPO listings this tracker has scored, the grey market premium called the listing direction correctly 83% of the time, missing the size of the move by a median 6.6 percentage points. Each final GMP is frozen the day before listing and scored publicly against the actual debut.
Trade Edge AI does not make apply/avoid calls — it is not a SEBI-registered Investment Adviser or Research Analyst. This page publishes the public record (issue details, GMP history, listing outcome) and a plain description of the business so you can make your own decision; read the RHP and consult a SEBI-registered adviser.