HD Fire Protect IPO Price: ₹258 to ₹271 per share
IPO Dates: 13 to 15 Oct, 2026
Company Overview
Incorporated in April 1997, HD Fire Protect Limited is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam and gas-based fire suppression solutions. The Company has over three decades of experience and develops a majority of its products in-house, focusing on proprietary designs that meet national and international standards.
Business Operations
The Company offers fire protection solutions for industrial, residential and commercial applications across sectors including oil and gas, refining and petrochemicals, power and energy, heavy engineering, aerospace, pharmaceuticals, data centres, hospitality and healthcare.
Product Portfolio
The Company’s portfolio covers eight product categories, including sprinklers, alarm valves and accessories, deluge valves and systems, foam equipment and suppression systems, monitors and nozzles, water spray nozzles, custom-engineered systems and gas suppression systems.
Manufacturing & R&D
The Company operates two manufacturing facilities in Jalgaon and Thane, Maharashtra, covering approximately 8.50 acres. These facilities are supported by a fire test laboratory and R&D capabilities.
Certifications & Quality
The Company was the first Indian fire protection equipment manufacturer to receive UL Listing for deluge valves in 1996 and the first Indian manufacturer to receive FM approval for a range of low-expansion foam system products.
As of September 2026, the Company had 21 UL Listed and 87 FM Approved product certifications.
Global Presence
The Company has established a global presence, with exports to more than 90 countries since inception and 49 countries during the three months ended June 30, 2026.
Customer Base & Project Portfolio
The Company supplied fire protection equipment and systems to 2,066 customers in Fiscal 2026. Its major projects include the Samruddhi Mahamarg, Jamnagar refinery, new Indian Parliament building, Saudi Aramco’s Ras Tanura Sea Island site and Oman’s Integrated Power & Water Plant Project.
Order Book & Financial Performance
The Company’s order book stood at ₹1,586.01 million as of June 30, 2026.
Revenue from operations increased from ₹3,729.53 million in Fiscal 2024 to ₹4,892.81 million in Fiscal 2026, representing a CAGR of 14.54%.
Workforce
As of June 30, 2026, the Company had 279 permanent employees and 253 contractual employees.
Competitive Strengths
- Strong product certification and quality track record.
- Advanced design, manufacturing and R&D capabilities.
- Experienced management team and qualified personnel.
- Comprehensive fire protection equipment and systems portfolio.
- Track record of profitability and consistent financial performance.
- Strong and diversified customer base with long-standing global relationships.
- Well-established global presence in a certification-driven, high-barrier industry.
Bidding Starts In
HD Fire Protect Limited IPO Specifics:
| IPO Date | 13 to 15 Oct, 2026 |
| Listing Date | Wed, Oct 21, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹258 to ₹271 |
| Lot Size | 55 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 2,62,84,500 shares (agg. up to ₹712 Cr) |
| Offer for Sale | 2,62,84,500 shares of ₹5 (agg. up to ₹712 Cr) |
| Share Holding Pre Issue | 17,52,30,000 shares |
| Share Holding Post Issue | 17,52,30,000 shares |
HD Fire Protect Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Tue, Oct 13, 2026 |
| IPO Close | Thu, Oct 15, 2026 |
| Allotment | Fri, Oct 16, 2026 |
| Refund | Mon, Oct 19, 2026 |
| Credit of Shares | Mon, Oct 19, 2026 |
| Listing | Wed, Oct 21, 2026 |
HD Fire Protect Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 55 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,905 |
| Retail (Max) | 13 | 715 | ₹1,93,765 |
| S-HNI (Min) | 14 | 770 | ₹2,08,670 |
| S-HNI (Max) | 67 | 3685 | ₹9,98,635 |
| B-HNI (Min) | 68 | 3740 | ₹10,13,540 |
HD Fire Protect Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
HD Fire Protect Limited IPO Financial Information
| Particulars (₹ Cr) | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 477.60 | 432.03 | 450.08 | 392.63 |
| Total Income | 114.07 | 505.12 | 450.68 | 392.02 |
| Profit After Tax | 23.87 | 116.79 | 109.72 | 87.92 |
| EBITDA | 29.73 | 150.46 | 138.01 | 106.63 |
| NET Worth | – | 375.93 | 396.01 | 342.19 |
| Reserves and Surplus | 309.93 | 286.07 | 302.59 | 332.19 |
Key Performance Indicator-HD Fire Protect Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 6.13% | 30.17% |
| ROCE | 8.36% | 40.33% |
| RoNW | 5.97% | 31.07% |
| PAT Margin | 20.92% | 23.12% |
| EBITDA Margin | 27.26% | 30.75% |
| NAV | 22.82 | 21.45 |
| P/B (x) | – | 12.63 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.66 | 5.45 |
| P/E (x) | 40.69 | 49.72 |
| Market Cap at Offer Price | ₹4,748.73 Cr. | ₹4,748.73 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
HD Fire Protect Limited IPO RHP
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