HD Fire Protect Shares Trade 23.62% Above IPO Price After Listing On NSE, BSE

Mumbai, October 21: HD Fire Protect Limited shares were trading at ₹335 on the NSE and ₹334.40 on the BSE at around 9:58 AM IST on Wednesday, compared with the IPO issue price of ₹271 per share. The prices were up 23.62% on the NSE and 23.39% on the BSE against the issue price.

The company’s shares listed on both exchanges on October 21, following its ₹712.13 crore IPO, which was entirely an offer for sale (OFS).

HD Fire Protect Share Price Snapshot

At 9:58:43 AM IST, HD Fire Protect shares traded at ₹335 on the NSE, up ₹64 from the issue price of ₹271. On the BSE, the stock was quoted at ₹334.40, a gain of ₹63.40 over the issue price.

HD Fire Protect IPO Structure And Issue Details

The HD Fire Protect Limited IPO was a book-built issue of ₹712.13 crore, comprising an offer for sale of 2,62,84,500 shares. Since the issue was entirely an OFS, the proceeds go to the selling shareholders rather than the company.

The price band was ₹258–₹271 per share, with the final issue price fixed at ₹271. The IPO opened on October 13 and closed on October 15, 2026. The basis of allotment was finalised on October 16, and the shares were listed on October 21.

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HD Fire Protect IPO Subscription Data

The IPO was subscribed 91.95 times overall. The qualified institutional buyer (QIB) category, excluding anchor investors, recorded 256.11 times subscription, while the non-institutional investor (NII) category was subscribed 202.12 times.

The retail investor portion was subscribed 29.51 times, while the employee category recorded 1.23 times subscription. The final basis-of-allotment data recorded 1,72,355 allottees across investor categories.

Employee Reservation And Issue Management

The IPO reserved up to 71,138 shares for eligible employees at a discount of ₹25 per share to the issue price. The minimum retail application was 55 shares, amounting to ₹14,905 at the issue price.

Ambit Private Limited was the book-running lead manager, and MUFG Intime India Private Limited was the registrar to the issue.

Source:

• https://www.nseindia.com/get-quote/equity/HDFIRE/HD-Fire-Protect-Limited
• https://www.bseindia.com/stock-share-price/hd-fire-protect-ltd/hdfire/544994