HD Fire Protect IPO
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HD Fire Protect IPO details
Schedule of HD Fire Protect
| Issue open date | 13 Oct 2026 |
| Issue close date | 15 Oct 2026 |
| UPI mandate deadline | 15 Oct 2026 (5 PM) |
| Allotment finalization | 16 Oct 2026 |
| Refund initiation | 19 Oct 2026 |
| Share credit | 19 Oct 2026 |
| Listing date | 21 Oct 2026 |
| Mandate end date | 30 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 14 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 13 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About HD Fire Protect
HD Fire Protect is a manufacturer and supplier of comprehensive fire protection equipment and systems, catering to diverse sectors such as industrial, commercial, residential, and infrastructure across India and over 90 countries. The company’s core business involves designing and producing a wide range of products, including water spray nozzles, foam equipment and suppression systems, gas suppression systems, deluge valves, pre-action systems, and custom-engineered solutions. It generates revenue primarily through the sale of these manufactured goods, alongside offering contract manufacturing services for off-the-shelf standard products. The business operates through a multi-tiered sales network comprising direct customers and international distributors, relying on short-term purchase orders. Production is centralized across two manufacturing facilities in Maharashtra. A significant portion of its sales stems from export markets, demonstrating a strong global footprint. The company maintains stringent quality controls, adhering to safety certifications.
Financials of HD Fire Protect
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 712.31 |
| Offer for sale – Proceeds go to the existing investors | 712.31 |
Strengths
- Second-largest Indian fire protection equipment maker in FY25.
- Comprehensive water, foam, and gas suppression portfolio.
- Global presence with exports to over 90 countries.
- Major safety certifications including UL, FM, and CE.
- In-house R&D and dedicated fire-testing facilities.
Risks
- Product failures can trigger liabilities and brand damage.
- Concentrated manufacturing footprint limited to Maharashtra.
- No long-term supply agreements for raw materials.
- Revenue volatility from lack of long-term customer contracts.
- High dependence on keeping international safety certifications active.