HD Fire Protect IPO: price band ₹258-271, bidding from 13 October, minimum ₹14,905
The fire-protection equipment maker's public offer is reported to run from 13 to 15 October 2026 at ₹258-271 a share, entirely an offer for sale by two promoters. Price band, lot size, issue size and what the company does, in one place.
HD Fire Protect Limited, a fire-protection equipment maker, has set the price band for its initial public offering (IPO, the first sale of a company’s shares to the public) at ₹258 to ₹271 per share. According to Chittorgarh, bidding is open from 13 to 15 October 2026. A retail investor must bid for at least one lot of 55 shares, which costs ₹14,905 at the top of the band.
Key facts
| Item | Detail |
|---|---|
| Bidding period | 13 to 15 October 2026 (Chittorgarh) |
| Price band | ₹258 to ₹271 per share (Chittorgarh) |
| Lot size | 55 shares; ₹14,905 at ₹271 (Chittorgarh) |
| Issue size | About ₹712.31 crore, at the top of the band (Chittorgarh) |
| Shares offered | Up to 2,62,84,500 equity shares of face value ₹5 each, all in an offer for sale |
| Proposed listing | BSE and NSE, tentatively 21 October 2026 (Chittorgarh) |
| Lead managers | Ambit, Anand Rathi Advisors, IIFL Capital Services |
| Registrar | MUFG Intime India (Chittorgarh) |
Who is selling
The whole issue is an offer for sale (OFS): existing shareholders sell their shares and the company itself receives no money from the issue. The selling shareholders named in the reporting are promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. Chittorgarh reports that promoter holding would fall to 85% after the IPO; Bajaj Broking shows the promoter group at 84.99%.
What the company does
HD Fire Protect makes fire-suppression and fire-protection equipment. Kotak Neo reports that it has supplied clients in oil and gas, petrochemicals, power and defence, including Saudi Aramco. Chittorgarh reports that the company was set up in 1997 and sells in more than 90 countries.
Reported financials
Chittorgarh reports revenue of ₹3,729.53 million in FY2024 and ₹4,892.81 million in FY2026 (₹372.95 crore and ₹489.28 crore, using 1 crore = 10 million), a compound annual growth rate of 14.54% over the two years.
Basis of these figures
The red herring prospectus and the exchange announcement of the price band could not be opened during drafting. The price band, bidding dates and listing date appear on Chittorgarh and Bajaj Broking; the lot size, issue size and financials come from Chittorgarh alone. The registrar is consistent across Chittorgarh, Kotak Neo, Bajaj Broking and Angel One. The share count and the selling shareholders’ names are consistent across Chittorgarh, Kotak Neo and 5paisa, and the lead managers across Kotak Neo and Chittorgarh. The issue size and the ₹14,905 minimum are arithmetic on the reported shares, lot size and upper price. Read the prospectus, filed with SEBI, for the authoritative terms. This article reports the issue’s terms only. It carries no view on whether to apply and no unofficial pre-listing price data.