HD Fire Protect IPO
Founded in April 1997, HD Fire Protect is one of the leading manufacturers and suppliers of fire protection equipment and systems, including Water-based, Foam-based, and Gas-based fire suppression solutions. The firm provides a wide range of fire-protection products and systems, divided into 8 main 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.
IPO GMP
+₹90
+33% expected gain
Price Band
₹271
Lot Size
—
Min Investment
—
Listing Date
—
About HD Fire Protect
Company overview, business, and key facts.
Founded in April 1997, HD Fire Protect is one of the leading manufacturers and suppliers of fire protection equipment and systems, including Water-based, Foam-based, and Gas-based fire suppression solutions. The firm provides a wide range of fire-protection products and systems, divided into 8 main 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.
Its product range serves a wide range of industries such as industrial, residential, and commercial applications, including oil and gas, refining and petrochemicals, power and energy, heavy engineering, aerospace, pharmaceuticals, data centres, hospitality, healthcare, and other sectors. The firm has over 30 years of experience exporting its products to over 90 countries. HD Fire Protect operates its manufacturing facilities in Jalgaon and Thane, Maharashtra, spanning 8.50 acres of land.
Founded
1997
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- High Barrier Global Presence: The company has over 36 years of experience and exports to over 90 countries with certifications such as UL Listed, FM Approved, ASME U Stamp and CE Marking, which takes 6-24 months to achieve and creates strong entry barriers for the competitors.
- Comprehensive Product Range: Fire Protection Equipment are available in 8 different product types of water, foam and gas based suppression systems serving multiple end-use segments such as industrials, oil & gas, power, pharmaceuticals and data centers, making the company less dependent on any one segment.
- Diverse Established Customers: As of June 30, 2026, the company had served more than 905 customers globally with 54.40% of Fiscal 2026 revenues from customers established with the company for more than 5 years with help of 22 distributors and many domestic stockists.
Risks
- Product Failure and Warranty Liability: Product malfunction or failure will result in loss of life and property damage and will give rise to warranty or legal claims, which, despite the quality control systems in place and replacement of the product being only 0.01%, can impact the business and reputation of the company.
- Dependence on Foreign Revenues: The company derives 32.78%, 34.69%, 36.24% and 33.33% of its revenues from operations outside India in the three months ended June 30, 2026 and Fiscals 2026, 2025 and 2024 respectively, making it vulnerable to the risk of unfavorable situations in export countries like Middle East and Rest of Asia.
- Risk from Concentration of Suppliers: Top 10 suppliers accounted for 59.28%, 47.76%, 42.90% and 35.59% of Total Expenses in the three months ended June 30, 2026 and Fiscals 2026, 2025 and 2024 respectively, and the company does not have any long-term procurement agreements, making it vulnerable to the risk of supply disruption.
HD Fire Protect IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
What stands out
- GMP has been rising over the last three readings.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: fresh issue vs offer for sale split, financials, post-IPO share count (market cap and P/E not computable), listed peer comparison, use of proceeds.
IPO Analysis SummaryAI-generated
A plain-language review of HD Fire Protect's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
HD Fire Protect IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, HD Fire Protect IPO is trading at a grey market premium (GMP) of +₹90 (+33% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 15.64x overall — QIB: 1.48x, NII: 45.62x, Retail: 10.94x.
HD Fire Protect IPO subscription is currently open and closes on October 15, 2026. Investors can apply through their broker using ASBA.
Key strengths include: High Barrier Global Presence: The company has over 36 years of experience and exports to over 90 countries with certifications such as UL Listed, FM Approved, ASME U Stamp and CE Marking, which takes 6-24 months to achieve and creates strong entry barriers for the competitors.; Comprehensive Product Range: Fire Protection Equipment are available in 8 different product types of water, foam and gas based suppression systems serving multiple end-use segments such as industrials, oil & gas, power, pharmaceuticals and data centers, making the company less dependent on any one segment.. Investors should note the following risks: Product Failure and Warranty Liability: Product malfunction or failure will result in loss of life and property damage and will give rise to warranty or legal claims, which, despite the quality control systems in place and replacement of the product being only 0.01%, can impact the business and reputation of the company.; Dependence on Foreign Revenues: The company derives 32.78%, 34.69%, 36.24% and 33.33% of its revenues from operations outside India in the three months ended June 30, 2026 and Fiscals 2026, 2025 and 2024 respectively, making it vulnerable to the risk of unfavorable situations in export countries like Middle East and Rest of Asia..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
HD Fire Protect IPO — Frequently Asked Questions
What is HD Fire Protect IPO GMP today?
HD Fire Protect IPO GMP (grey market premium) today is +₹90, suggesting an estimated listing gain of +33%. GMP is indicative and subject to change.
What is the price band of HD Fire Protect IPO?
The price band for HD Fire Protect IPO is ₹271.
When is HD Fire Protect IPO allotment date?
The allotment date for HD Fire Protect IPO has not been confirmed yet. Typically, allotment is finalised 6 days after the IPO closes.
When will HD Fire Protect IPO list on NSE/BSE?
The listing date for HD Fire Protect IPO has not been announced yet. IPOs typically list 6 days after subscription closes.
How to check HD Fire Protect IPO allotment status?
To check HD Fire Protect IPO allotment status, visit the registrar's website and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for HD Fire Protect IPO?
HD Fire Protect IPO is showing a strong GMP of +₹90 (+33%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of HD Fire Protect IPO?
The lot size for HD Fire Protect IPO has not been announced yet. Please check back closer to the IPO open date on ipolyst.com.