HD Fire Protect IPO GMP Today
Expected Gain: 30.26%
HD Fire Protect IPO GMP Today, 8 October 2026
HD Fire Protect IPO GMP today is ₹82. The latest grey market premium supplied for the HD Fire Protect IPO is ₹82 per share on 8 October 2026.
The previous GMP used for comparison is ₹60 on 7 October 2026. The latest supplied GMP has increased by ₹22 from the previous figure.
The HD Fire Protect IPO price band is ₹258 to ₹271 per share. Using the upper price band of ₹271 and a GMP of ₹82, the indicative listing price works out to ₹353 per share.
At a GMP of ₹82, the indicative listing gain is approximately 30.26% over the upper IPO price of ₹271.
The HD Fire Protect IPO is scheduled to open for subscription on 13 October 2026 and close on 15 October 2026. The tentative listing date is 21 October 2026.
HD Fire Protect IPO is a book-built mainboard issue of up to 2,62,84,500 equity shares, aggregating up to ₹712.31 crore at the upper price band. The issue is entirely an Offer for Sale (OFS), meaning the company itself will not receive the IPO proceeds.
The stated IPO lot size is 55 shares. At the upper price band of ₹271, the minimum application value for one lot is ₹14,905.
The GMP figure is an unofficial grey-market indication. It can change before listing and should not be treated as a guaranteed listing price or investment return.
HD Fire Protect IPO Expected Listing Price
IPO Upper Price Band: ₹271
Latest GMP: ₹82
Based on the stated GMP, the indicative listing price is ₹353 per share.
Estimated gain over the upper IPO price: 30.26%
HD Fire Protect IPO GMP Trend
HD Fire Protect IPO GMP is stated at ₹82 for the update dated 8 October 2026.
The previous supplied comparison figure is ₹60 on 7 October 2026. The latest GMP has increased by ₹22. The history below reflects the GMP figures used for this update. Grey-market quotes are unofficial and may vary between sources.
| GMP Date | IPO Price | GMP | Estimated Listing | Estimated Gain | Estimated Profit/Lot | Status |
|---|---|---|---|---|---|---|
| 08-Oct-2026 | ₹271 | ₹82 | ₹353 | 30.26% | ₹4,510 | Latest supplied update |
| 07-Oct-2026 | ₹271 | ₹60 | ₹331 | 22.14% | ₹3,300 | Previous comparison |
| 06-Oct-2026 | ₹271 | ₹0 | ₹271 | 0.00% | ₹0 | Earlier reference |
* Estimated listing price is calculated by adding the stated GMP to the IPO upper price. Estimated profit per lot is calculated as GMP × lot size. Latest calculation: ₹82 × 55 shares = ₹4,510. GMP-based figures are indicative and may differ from the actual listing price.
HD Fire Protect IPO Details
| IPO Name | HD Fire Protect IPO |
| Company | HD Fire Protect Limited |
| IPO Type | Mainboard Book Building IPO |
| Issue Structure | 100% Offer for Sale (OFS) |
| Issue Size | Up to ₹712.31 Crore |
| Total Issue Shares | 2,62,84,500 Shares |
| Fresh Issue | None |
| Offer for Sale | 2,62,84,500 Shares |
| Listing Exchange | NSE & BSE |
| Open Date | 13 October 2026 |
| Close Date | 15 October 2026 |
| Allotment Date | 16 October 2026 |
| Refund / Unblock Date | 19 October 2026 |
| Demat Credit | 19 October 2026 |
| Listing Date | 21 October 2026 |
| Price Band | ₹258 to ₹271 per share |
| Face Value | ₹5 per share |
| Lot Size | 55 Shares |
| Minimum Investment | ₹14,905 |
| Latest GMP | ₹82 on 8 October 2026 |
| Previous GMP | ₹60 on 7 October 2026 |
| Estimated Listing Price | ₹353 |
| Estimated Gain | 30.26% |
| Estimated Profit Per Lot | ₹4,510 |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Managers | Ambit Private Limited; Anand Rathi Advisors Ltd.; IIFL Capital Services Ltd. |
HD Fire Protect IPO GMP Profit Estimate
Based on the stated GMP of ₹82 and the upper IPO price of ₹271, the indicative listing price is ₹353 per share.
| Particular | Calculation | Amount |
|---|---|---|
| IPO Investment | ₹271 × 55 Shares | ₹14,905 |
| Estimated Listing Value | ₹353 × 55 Shares | ₹19,415 |
| Indicative Gain | ₹19,415 − ₹14,905 | ₹4,510 |
If the GMP remains at ₹82 until listing and the shares list at the implied price of ₹353, one lot of 55 shares would represent an indicative gain of ₹4,510 before applicable charges and taxes. The actual result may differ.
HD Fire Protect IPO GMP Update
GMP Date: 8 October 2026
Latest GMP: ₹82
Previous GMP: ₹60 on 7 October 2026
Change from previous day: +₹22
The stated GMP implies an estimated listing price of ₹353 per share and an indicative gain of 30.26% over the upper IPO price.
For one lot of 55 shares, the indicative GMP-based gain is ₹4,510.
Grey-market premiums are unofficial and can fluctuate before listing. The figures above are estimates, not guarantees.
What Is HD Fire Protect IPO GMP?
IPO GMP means Initial Public Offering Grey Market Premium. It refers to the premium at which an IPO may be informally quoted in the grey market before its shares begin trading on the stock exchange.
A positive GMP may indicate that grey-market participants are quoting the IPO above its issue price. However, grey-market activity is unofficial, and the premium can change with demand, market sentiment, subscription trends and other factors.
Estimated Listing Price = IPO Upper Price Band + Latest GMP
₹271 + ₹82 = ₹353
Estimated Gain = (₹82 ÷ ₹271) × 100 = 30.26%
Estimated Profit Per Lot = ₹82 × 55 = ₹4,510
The actual listing price may be higher or lower than the GMP-based estimate. Investors should not use GMP alone as the basis for an investment decision.
HD Fire Protect IPO Lot Size and Investment
| Application | Lots | Shares | Investment at ₹271 |
|---|---|---|---|
| Retail Minimum | 1 Lot | 55 | ₹14,905 |
| Retail Maximum | 13 Lots | 715 | ₹1,93,765 |
| sHNI Minimum | 14 Lots | 770 | ₹2,08,670 |
| sHNI Maximum | 67 Lots | 3,685 | ₹9,98,635 |
| bHNI Minimum | 68 Lots | 3,740 | ₹10,13,540 |
Eligible employees are offered a discount of ₹25 per equity share under the employee reservation portion, subject to the applicable terms of the issue.
HD Fire Protect IPO Issue Size and OFS
| Particular | Details |
|---|---|
| Issue Type | Book Building |
| Issue Structure | Offer for Sale Only |
| Total Shares Offered | 2,62,84,500 Equity Shares |
| Issue Size | Up to ₹712.31 Crore |
| Fresh Issue | Nil |
| Company Proceeds | No proceeds will be received by the company |
| Listing | NSE & BSE |
Since the HD Fire Protect IPO is entirely an Offer for Sale, the IPO proceeds will go to the selling shareholders rather than to HD Fire Protect Limited.
HD Fire Protect IPO Investor Reservation
| Investor Category | Reservation | Cut-off |
|---|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of Net Offer | No |
| Retail Individual Investors (RII) | Not less than 35% of Net Offer | Yes |
| Non-Institutional Investors (NII) | Not less than 15% of Net Offer | No |
| Eligible Employees | As per employee reservation portion | Yes |
HD Fire Protect IPO Important Dates
| IPO Event | Date |
|---|---|
| IPO Opens | 13 October 2026 |
| IPO Closes | 15 October 2026 |
| Basis of Allotment | 16 October 2026 |
| Refund / Unblocking | 19 October 2026 |
| Shares Credited to Demat | 19 October 2026 |
| Tentative Listing | 21 October 2026 |
HD Fire Protect Company Overview
HD Fire Protect Limited is an Indian manufacturer and supplier of fire protection equipment and systems. The company provides water-, foam- and gas-based fire suppression products and systems for a wide range of industrial and infrastructure applications.
The company was incorporated in April 1997 and has more than three decades of experience in the fire protection industry. Its products serve sectors including oil and gas, refining and petrochemicals, power and energy, heavy engineering, aerospace, pharmaceuticals, data centres, hospitality and healthcare.
HD Fire Protect offers products across eight broad 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.
The company states that it exports its products to more than 90 countries since inception and supplied to 49 countries during the three months ended June 30, 2026.
The company operates manufacturing facilities in Jalgaon and Thane, Maharashtra, with approximately 8.50 acres of combined manufacturing infrastructure, including fire testing and research and development capabilities.
HD Fire Protect IPO Product Categories
| Product Category | Products / Systems |
|---|---|
| Sprinklers | Fire sprinkler products and related systems |
| Alarm Valves | Alarm valves and accessories |
| Deluge Systems | Deluge valves and systems |
| Foam Systems | Foam equipment and suppression systems |
| Monitors & Nozzles | Fire monitors and nozzles |
| Water Spray | Water spray nozzles |
| Engineered Systems | Custom-engineered fire protection systems |
| Gas Suppression | Gas-based suppression systems |
HD Fire Protect IPO Competitive Strengths
Strong certification and quality track record: The company has developed a significant portfolio of certified fire protection products and has a long history of compliance with national and international standards.
Advanced design and manufacturing: HD Fire Protect develops a substantial portion of its products in-house and maintains manufacturing, testing and R&D capabilities.
Experienced management: The company has an experienced management team and qualified personnel with knowledge of the fire protection industry.
Comprehensive product portfolio: Its portfolio covers multiple fire protection technologies, including water, foam and gas-based suppression solutions.
Diversified customer base: The company serves customers across multiple industries and has established relationships in domestic and international markets.
Global presence: HD Fire Protect has supplied products internationally and operates in a certification-driven industry with significant technical and regulatory requirements.
HD Fire Protect IPO Financial Performance
| Particular | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr) | 477.60 | 432.03 | 450.08 | 392.63 |
| Total Income (₹ Cr) | 114.07 | 505.12 | 450.68 | 392.02 |
| PAT (₹ Cr) | 23.87 | 116.79 | 109.72 | 87.92 |
| EBITDA (₹ Cr) | 29.73 | 150.46 | 138.01 | 106.63 |
| Net Worth (₹ Cr) | — | 375.93 | 396.01 | 342.19 |
| Reserves & Surplus (₹ Cr) | 309.93 | 286.07 | 302.59 | 332.19 |
HD Fire Protect’s revenue from operations increased from ₹372.95 crore in FY2024 to ₹489.28 crore in FY2026, representing a CAGR of approximately 14.54% based on the supplied financial information.
The supplied figures show total income of ₹505.12 crore and profit after tax of ₹116.79 crore for FY2026, compared with ₹450.68 crore and ₹109.72 crore respectively in FY2025.
HD Fire Protect IPO Key Performance Indicators
| KPI | 30 Jun 2026 | 31 Mar 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 | — | 12.63x |
HD Fire Protect IPO Valuation
| Particular | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹6.66 | ₹5.45 |
| P/E | 40.69x | 49.72x |
| Market Cap at Upper Price | — | ₹4,748.73 Crore |
At the upper IPO price of ₹271, the supplied valuation data indicates a post-IPO P/E of approximately 49.72x based on post-issue EPS of ₹5.45.
HD Fire Protect IPO Shareholding
| Shareholding | Pre IPO | Post IPO |
|---|---|---|
| Promoter & Promoter Group | 100% | 85% |
| Public | 0% | 15% |
| Total | 100% | 100% |
HD Fire Protect IPO Offer for Sale
| Selling Shareholder | Category | Shares Offered | Value at ₹271 |
|---|---|---|---|
| Harish Narshi Dharamshi | Promoter | 89,83,700 | ₹243.46 Crore |
| Kusum Harish Dharamshi | Promoter | 1,73,00,800 | ₹468.85 Crore |
| Total | — | 2,62,84,500 | ₹712.31 Crore |
HD Fire Protect IPO Registrar and Lead Managers
| Role | Name |
|---|---|
| Registrar | MUFG Intime India Private Limited |
| Lead Manager | Ambit Private Limited |
| Lead Manager | Anand Rathi Advisors Limited |
| Lead Manager | IIFL Capital Services Limited |
HD Fire Protect IPO Important Information
| Company Address |
O-611, 6th Floor, Runwal R Square, Opp. Veena Nagar, L. B. S. Marg, Mulund West, Mumbai, Maharashtra – 400080 |
| Company Phone | +91 22 35287000 |
| Company Email | investors@hdfire.com |
| Company Website | www.hdfire.com |
| Registrar Phone | 022-49186000 |
| Registrar Email | hdfire.ipo@in.mpms.mufg.com |
HD Fire Protect IPO Quick Summary
HD Fire Protect IPO: Mainboard book-built IPO.
Price Band: ₹258 to ₹271 per share.
Issue Size: Up to ₹712.31 crore through an Offer for Sale.
Lot Size: 55 shares.
Minimum Investment: ₹14,905 at the upper price band.
Latest GMP: ₹82 on 8 October 2026.
Estimated Listing Price: ₹353 based on ₹82 GMP and the ₹271 upper price band.
Expected Gain: Approximately 30.26%.
Estimated Profit Per Lot: ₹4,510 before applicable charges and taxes.
IPO Opens: 13 October 2026.
IPO Closes: 15 October 2026.
Tentative Listing: 21 October 2026.
HD Fire Protect IPO GMP FAQs
What is HD Fire Protect IPO GMP today?
The supplied HD Fire Protect IPO GMP for 8 October 2026 is
₹82 per share.
What was the previous HD Fire Protect IPO GMP?
The previous comparison figure used in this update is ₹60 on
7 October 2026. The latest GMP is ₹22 higher.
What is the expected listing price of HD Fire Protect IPO?
Using the upper IPO price of ₹271 and GMP of ₹82, the
indicative listing price is ₹353 per share.
What is the expected gain from HD Fire Protect IPO GMP?
The stated GMP implies an indicative gain of approximately
30.26% over the upper IPO price of ₹271.
What is the estimated profit per lot?
For a lot size of 55 shares, the GMP-based indicative gain is
₹4,510 before applicable charges and taxes.
What is the HD Fire Protect IPO price band?
The price band is ₹258 to ₹271 per share.
What is the HD Fire Protect IPO lot size?
The lot size is 55 shares.
What is the minimum investment in HD Fire Protect IPO?
At the upper price band of ₹271, one lot of 55 shares requires
₹14,905.
When will HD Fire Protect IPO open?
The IPO is scheduled to open on 13 October 2026.
When will HD Fire Protect IPO close?
The IPO is scheduled to close on 15 October 2026.
When is HD Fire Protect IPO allotment?
The tentative basis of allotment date is 16 October 2026.
When is HD Fire Protect IPO listing?
The tentative listing date is 21 October 2026 on NSE and BSE.
The timetable can change.
Is HD Fire Protect IPO a fresh issue?
No. The IPO is entirely an Offer for Sale. There is no fresh
issue component in the supplied issue structure.
Will HD Fire Protect receive money from the IPO?
No. Since the issue is an OFS, the IPO proceeds will go to
the selling shareholders, subject to the terms of the offer.
Who is the registrar of HD Fire Protect IPO?
MUFG Intime India Private Limited is the registrar to the issue.
Who are the lead managers of HD Fire Protect IPO?
The lead managers are Ambit Private Limited, Anand Rathi Advisors
Limited and IIFL Capital Services Limited.
What is the face value of HD Fire Protect shares?
The face value is ₹5 per equity share.
Where will HD Fire Protect IPO list?
The shares are proposed to be listed on BSE and NSE.
Is HD Fire Protect IPO GMP reliable?
GMP is an unofficial grey-market indicator. It is not a guarantee
of the actual listing price and can change significantly before
listing.
Should investors apply for HD Fire Protect IPO based only on GMP?
Investors should not rely only on GMP. Company fundamentals,
valuation, financial performance, IPO structure, subscription
data and the official offer documents should also be considered.
HD Fire Protect IPO GMP figures in this post are based on the GMP value supplied for the update dated 8 October 2026. GMP is an unofficial and unregulated grey-market indicator and may change at any time. It does not guarantee the actual listing price or investment returns. The estimated listing price, percentage gain and estimated profit are mathematical estimates based on the stated upper IPO price of ₹271 and GMP of ₹82. Actual listing performance may differ substantially. IPO dates, issue details, price band, lot size, registrar, lead managers and other company information should be verified against the official IPO documents before making an investment decision. Investors should conduct their own research and due diligence and consult a SEBI-registered investment adviser where appropriate.