Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of HD Fire Protect Ltd. on January 29, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
HD Fire Protect Ltd. IPO is a Book Build Issue consisting entirely of an offer for sale of upto 2.63 crore shares.
The equity shares are proposed to be listed on NSE and BSE. Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to HD Fire Protect IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,62,84,500 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 2,62,84,500 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 17,52,30,000 shares |
| Share Holding Post Issue | 17,52,30,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Sep 24, 2025 |
| SEBI/Exchange approval received | Thu, Jan 29, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 1997, HD Fire Protect Ltd. specializes in designing, manufacturing, and supplying fire protection equipment and systems.
The company focuses on delivering reliable, innovative, and internationally certified solutions for industrial, commercial, and institutional safety requirements.
HD Fire Protect Ltd. emphasizes research, continuous improvement, and global compliance. Its strong distribution network and customer service help it maintain leadership while expanding its presence across domestic and international fire protection markets.
The company operate two manufacturing facilities in Maharashtra, Jalgaon MIDC and Thane MIDC, spanning a combined area of 8.50 acres.
The product portfolio includes fire sprinklers, valves, foam equipment, and detection systems, ensuring comprehensive protection. With advanced technology and stringent quality standards, the company supports industries such as oil, gas, power, manufacturing, and infrastructure.
As of March 31, 2025, the company had 261 permanent & 185 employees on contractual basis.
Competitve Strengths:
HD Fire Protect Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 449.91 | 392.63 | 319.88 |
| Total Income | 450.68 | 392.02 | 333.77 |
| Profit After Tax | 109.55 | 87.92 | 70.23 |
| EBITDA | 138.01 | 106.63 | 89.94 |
| NET Worth | 395.84 | 342.19 | 274.39 |
| Reserves and Surplus | 309.45 | 340.76 | 274.66 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 29.59% |
| ROCE | 39.64% |
| RoNW | 27.67% |
| PAT Margin | 24.31% |
| EBITDA Margin | 31.89% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Harish Narshi Dharamshi, Kusum Harish Dharamshi, Miheer Sadanand Ghotikar, Parika Miheer Ghotikar and Anik Narendra Dharamshi are the promoters of the company.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Bank(s) and fee payable to Sponsor Bank(s) for Bids made by RIBs | |
| 3 | Brokerage and selling commission and bidding/uploading charges payable to members of the Syndicate (including their Sub-Syndicate Member(s)), RTAs, CDPs and Registered Brokers | |
| 4 | Fees payable to Registrar of the Offer | |
| 5 | Fees payable to other parties, including but not limited to Statutory Auditors and industry expert | |
| 6 | Others - Listing fees, SEBI fees, upload fees, BSE and NSE processing fees, book-building software fees | |
| 7 | Printing and stationery expenses | |
| 8 | Advertising and marketing expenses | |
| 9 | Fees payable to legal counsel | |
| 10 | Miscellaneous (comprising fees payable to the Independent Actuary, strategic advisors and additional intermediaries, if any, chartered accountant(s) and company secretary that may be appointed in the course of Offer) |
Lead Manager Reports
HD Fire Protect IPO is a main-board IPO of 2,62,84,500 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The HD Fire Protect IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HD Fire Protect IPO using UPI as a payment gateway. Zerodha customers can apply in HD Fire Protect IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HD Fire Protect IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HD Fire Protect IPO dates are not announced. Please check back again after some time.
HD Fire Protect IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in HD Fire Protect IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HD Fire Protect IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the HD Fire Protect IPO allotment status.
The HD Fire Protect IPO listing date is not yet announced. The tentative date of listing is .
