Overview of the HD Fire Protect IPO
The public subscription period for the fire protection system maker entered its final stretch, drawing heightened interest from multiple categories of market participants. The book-built offering comprises entirely an offer for sale reaching up to ₹712.31 crore, with individual equity shares carrying a face value of ₹5 each. Bidders can participate within a fixed price range of ₹258 to ₹271 per share, keeping a minimum lot size requirement of 55 shares for retail participants.
Subscription Status and Market Response
By the morning of the final bidding day, the overall issue had progressed significantly. Qualified institutional buyers, non-institutional investors, retail individual participants, and company employees all contributed to the demand, pushing the total subscription multiple higher. Ahead of the public opening, the enterprise successfully secured ₹213 crore from anchor investors.
Timeline and Allotment Schedule
Following the conclusion of bidding, the process moves toward finalising share allocations. The formal basis of allotment is anticipated to be determined shortly after the close. Subsequent steps involve initiating refunds and crediting equities to successful applicants ahead of the provisional listing date pencilled in for the BSE and NSE.
Company Background and Financial Standing
Established in the 1990s, the enterprise specialises in manufacturing water, foam, and gas-based safety solutions designated for industrial, commercial, and residential properties. Operating records place it among prominent domestic names by operating income and equipment export value, reaching customers across numerous international markets supported by various industry certifications and in-house manufacturing capabilities.
Sources: Groww, The Economic Times, BusinessLine.
