HD Fire Protect Ltd

·
₹271.00 Issue Price
2026-10-13 – 2026-10-15
Open Date
2026-10-13
Close Date
2026-10-15
Listing Date
2026-10-21
Allotment Date
2026-10-16
Current Price
₹271.00
High / Low
₹— / ₹—
ROCE
8.36 %
ROE
6.13 %
Face Value
₹5
About
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 offers …
📍 O-611 6th Floor, Runwal R Square Opp. Veena Nagar, L. B. S. Marg, Mulund West Mu…
📞 +91 22 35287000
✉️ investors@hdfire.com

HD Fire Protect Ltd IPO About the Company

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 offers a comprehensive portfolio across 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. Its products cater to 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 Company develops a majority of its products in-house and focuses on proprietary designs meeting national and international standards.The Company has over three decades of experience and 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. It 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, it had 21 UL Listed and 87 FM Approved product certifications. The Company operates two manufacturing facilities in Jalgaon and Thane, Maharashtra, covering approximately 8.50 acres, supported by a fire test laboratory and R&D capabilities.The Company has supplied fire protection equipment and systems to 2,066 customers in Fiscal 2026 and has supplied products for major projects including 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. 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%, while its order book stood at ₹1,586.01 million as of June 30, 2026.As of June 30, 2026, the Company had 279 permanent employees and 253 contractual employees.Competitive StrengthsStrong 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.

HD Fire Protect Ltd IPO Analysis

Pros

  • ROE of 6.13% indicates good return on equity.
  • ROCE of 8.36% shows efficient capital usage.
  • PAT margin of 20.92%.

Cons

  • Detailed analysis available after listing.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

HD Fire Protect Ltd IPO Subscription Status

Consolidated figures
16.56× overall
MetricQIBNII (HNI)RetailTotal
Subscription 1.49× 48.77× 11.43× 16.56×
Shares 52,42,673 39,32,004 91,74,677 1,84,20,492
Bids 78,23,310 19,17,68,390 10,48,71,800 30,50,31,705
▼ Category-wise Detailed Breakdown
CategorySubscriptionOffered Bid SharesAmt (₹ Cr)
QIB 1.49×
52,42,673 78,23,310 ₹212.01
NII (HNI) 48.77×
39,32,004 19,17,68,390 ₹5,196.92
Retail 11.43×
91,74,677 10,48,71,800 ₹2,842.03
Market Maker 1.00×
— — —
Total 16.56× 1,84,20,492 30,50,31,705 ₹8,250.96 Cr
Applications: - Total Bid Amount: ₹8,250.96 Cr

HD Fire Protect Ltd IPO Profit & Loss

Figures in ₹ Crores / Amount in Rs Cr
Metric Jun 30, 202631 Mar 202631 Mar 2025
Revenue 114.07 505.12 450.68
EBITDA 29.73 150.46 138.01
Profit After Tax 23.87 116.79 109.72
Net Worth — 375.93 396.01
Total Assets 477.60 432.03 450.08
Reserves 309.93 286.07 302.59
Sales Growth
3 Years:295.1%
Latest:450.68 Cr
Profit Growth
3 Years:359.7%
Latest PAT:109.72 Cr
Return on Equity
ROE:6.13%
ROCE:8.36%

HD Fire Protect Ltd IPO Key Financial Ratios

Profitability
ROE 6.13%
ROCE 8.36%
RONW 5.97%
PAT Margin 20.92%
EBITDA Margin 27.26%
Valuation
Pre EPS 6.66
Post EPS 5.45
Pre P/E 40.69×
Post P/E 49.72×
Leverage & Growth
Sales Growth (3yr) +295.1%
Profit Growth (3yr) +359.7%
Latest Revenue 450.68 Cr
Latest PAT 109.72 Cr

HD Fire Protect Ltd IPO Schedule & Important Dates

IPO Open
2026-10-13
Done ✓
IPO Close
2026-10-15
Upcoming
Allotment
2026-10-16
Upcoming
Refund
2026-10-19
Upcoming
Demat Credit
2026-10-19
Upcoming
Listing
2026-10-21
Upcoming

HD Fire Protect Ltd IPO Lot Size & Investment Details

RETAIL MIN
₹14,905
1 lot · 55 shares
RETAIL MAX
₹14,905
1 lots · 55 shares
HNI MIN
₹208,670
14 lots
bNII MIN
₹1,013,540
68 lots
Category Lots Shares Amount (₹)
Retail (Min) 55 55 ₹14,905
Retail (Max) 1 55 ₹14,905
HNI (Min) 14 770 ₹208,670
Big HNI (bNII) 68 3740 ₹1,013,540
Pre-Issue Holding: 17,52,30,000 shares Post-Issue Holding: 17,52,30,000 shares

HD Fire Protect Ltd IPO Lead Managers & Market Makers

Book Running Lead Managers
Ambit Pvt.Ltd Anand Rathi Advisors Ltd IIFL Capital Services Ltd

HD Fire Protect Ltd IPO Allotment Status

Allotment Date: 2026-10-16
Registrar: MUFG Intime India Pvt.Ltd
Check Allotment
022-49186000
hdfire.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html