HD Fire Protect IPO Listing: Shares Debut at 23.62% Premium on NSE and BSE, Check Share Price

HD Fire Protect IPO Listing Today: The IPO closed subscription on 15 October 2026 with demand of roughly 131 times the shares on offer. Here is a recap of the offer, the terms of the HD Fire Protect IPO listing, and how the stock traded once it opened on 21 October.

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HD Fire Protect IPO Listing: Issue Details

HD Fire Protect Limited raised about Rs 712 crore through a book built issue of 2,62,84,500 shares in a price band of Rs 258 to Rs 271 per share. The entire issue was an offer for sale by promoters, so the company received no proceeds. The shares listed on both the NSE and BSE on 21 October 2026. Bidding ran from 13 to 15 October 2026.

Particular	Detail
Allotment Date	16 October 2026
IPO Open Date	13 October 2026
IPO Close Date	15 October 2026
Refund Initiation	19 October 2026
Issue Size	Rs 712 crore (2,62,84,500 shares, 100% offer for sale)
Lot Size	55 shares (minimum retail application Rs 14,905)
Price Band	Rs 258 to Rs 271 per share
Issue Type	Book Built Issue
Lead Managers	Ambit, Anand Rathi Advisors and IIFL Capital Services
Registrar	MUFG Intime India Private Limited
Listing At	NSE and BSE
Listing Date	21 October 2026

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HD Fire Protect IPO Listing Price and Performance

Shares of the HD Fire Protect IPO listing opened at Rs 335 on the NSE, a gain of Rs 64, or 23.62 percent, over the Rs 271 issue price, and at Rs 334.40 on the BSE. A retail investor applying for one lot of 55 shares had put in Rs 14,905, so the paper gain at the NSE listing price works out to about Rs 3,520 per lot. For the smallest HNI application of 14 lots, or 770 shares, the gain is about Rs 49,280. The strong debut matched the heavy institutional demand in the book.

About the HD Fire Protect IPO

HD Fire Protect Limited, incorporated in 1997, makes fire protection equipment and systems such as sprinklers, alarm and deluge valves, and foam and gas suppression systems. It runs two plants in Jalgaon and Thane in Maharashtra, exports to more than 90 countries and served 2,066 customers in FY26. Promoters are Harish Narshi Dharamshi, Kusum Harish Dharamshi, Miheer Sadanand Ghotikar, Parika Miheer Ghotikar and Anik Narendra Dharamshi, and they sold shares in the offer. Investors weighing the HD Fire Protect IPO listing should note that the issue valued the company at a post issue P/E of about 50 times.

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HD Fire Protect Financials

Here is how the company has performed financially, useful context for anyone checking the HD Fire Protect share price today after the HD Fire Protect IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Total Income	505.12	450.68	392.02
EBITDA	150.46	138.01	106.63
Profit After Tax	116.79	109.72	87.92

Explanation
Total income rose about 12 percent in FY26 to Rs 505.12 crore, and profit after tax grew about 6 percent to Rs 116.79 crore, a PAT margin of about 23 percent on total income. Growth slowed in FY26 and, with a 100 percent offer for sale and a rich valuation, the listing gain after the HD Fire Protect IPO listing reflects strong demand more than faster earnings.

Grey market premium (GMP) is an unofficial, unregulated indicator for the HD Fire Protect IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the HD Fire Protect IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

FAQs

What was the HD Fire Protect IPO listing price?

Ans. HD Fire Protect shares listed at Rs 335 on the NSE, a 23.62 percent premium over the Rs 271 issue price, and at Rs 334.40 on the BSE.

Was the HD Fire Protect IPO listing a premium or a discount?

Ans. It was a strong premium listing, with the stock opening Rs 64 above the issue price on the NSE.

How much was the HD Fire Protect IPO subscribed?

Ans. The IPO was subscribed about 131 times overall by the close of bidding on 15 October 2026, with the QIB portion at about 257 times and retail at about 31 times.

What is the issue price of the HD Fire Protect IPO?

Ans. The price band was Rs 258 to Rs 271 per share, and the issue price was fixed at the upper end, Rs 271.

What is the lot size of the HD Fire Protect IPO?

Ans. The lot size was 55 shares, and a retail investor needed Rs 14,905 for one lot at the upper end of the band.

Who is the registrar for the HD Fire Protect IPO?

Ans. MUFG Intime India Private Limited is the registrar.

What does HD Fire Protect do?

Ans. HD Fire Protect manufactures fire protection equipment and systems, including sprinklers, valves and foam and gas suppression systems.

Where can I check the HD Fire Protect share price today?

Ans. You can check the HD Fire Protect share price today on the NSE and BSE platform, or through the Univest platform.

Should I hold shares after the HD Fire Protect IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the slowing profit growth and the valuation of about 50 times post issue earnings against the listing gain before deciding whether to hold or book profit after the HD Fire Protect IPO listing.