HD Fire Protect IPO Opens October 13: ₹258–₹271 Price Band, ₹14,905 Minimum Investment and ₹73 GMP

HD Fire Protect IPO 2026: The initial public offering (IPO) of HD Fire Protect is scheduled to open for public subscription on October 13, 2026. Investors will reportedly have until October 16 to submit their applications for the ₹712.31 crore public issue.

According to the IPO details reported on October 10, the company has fixed a price band of ₹258 to ₹271 per equity share. Retail investors can apply for a minimum lot of 55 shares, requiring an investment of ₹14,905 at the upper end of the price band.

The IPO has also attracted attention in the unofficial grey market. According to the report, shares were commanding a grey market premium (GMP) of ₹73 on October 10, suggesting an indicative listing price of ₹344 per share if the premium were sustained.

However, grey market premiums are unofficial indicators and do not guarantee listing gains.

Here is a detailed look at the reported IPO size, subscription dates, price band, lot size, business operations and potential risks.

HD Fire Protect IPO: Key Details

These details are based on the supplied October 10 report. The final IPO terms should be confirmed in the company's offer documents and official exchange announcements.

HD Fire Protect IPO to Open on October 13

The company's public issue is scheduled to open on Tuesday, October 13, and close on Friday, October 16, 2026.

During the subscription period, eligible investors can submit applications through supported banking and brokerage platforms.

The IPO is expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Investors should check the official offer documents for the final allotment schedule, listing date and other important conditions.

HD Fire Protect IPO Size: ₹712.31 Crore

The reported size of the IPO is ₹712.31 crore.

An important feature of this offering is that it consists entirely of an Offer for Sale.

Under an OFS, existing shareholders sell their shares to public investors.

The company does not issue new equity shares as part of the offering.

This means the money raised through the share sale goes to the selling shareholders, rather than being received by the company for business expansion or other corporate purposes.

For investors, this distinction is important when evaluating the purpose of an IPO.

A fresh issue can bring new capital into a company, while an OFS primarily allows existing shareholders to reduce their holdings.

Promoter Shareholding Expected to Decline

According to the supplied report, promoters currently hold 100% of HD Fire Protect.

Following the proposed public offering, their shareholding is expected to decline to approximately 85%, while public shareholders would collectively hold around 15%.

The change would introduce public ownership into the company.

However, promoters would continue to retain a substantial majority stake after the IPO.

Investors should examine the final shareholding pattern and offer documents to understand the precise ownership structure.

HD Fire Protect IPO Lot Size and Minimum Investment

The company has reportedly fixed the IPO lot size at 55 equity shares.

At the upper price band of ₹271, the minimum application amount would be:

\[ 55 \times ₹271 = ₹14,905 \]

The following table shows the investment required for different numbers of lots at the upper price band.

The table is an illustration based on the reported lot size and upper price band. Actual bidding eligibility and category limits are subject to IPO rules.

HD Fire Protect IPO GMP Today: ₹73 Premium Reported

The unofficial grey market has attracted attention ahead of the IPO opening.

According to the report citing InvestorsGain, HD Fire Protect shares were trading at a grey market premium of ₹73 on October 10.

At the upper price band of ₹271, this suggests the following indicative calculation:

\[ ₹271 + ₹73 = ₹344 \]

The implied premium over the upper issue price is approximately:

\[ \frac{₹73}{₹271}\times100 \approx 26.94\% \]

This indicates a potential premium of nearly 27% based purely on the reported grey market quotation.

However, investors should remember that GMP is not an official exchange price.

It can change rapidly and may not accurately predict the actual listing price.

HD Fire Protect GMP Trend

The supplied report also mentions that the IPO's GMP stood at ₹80 per share on October 7.

By October 10, it had declined to ₹73.

Reported HD Fire Protect IPO GMP

Unofficial grey market quotations in rupees per share

Although the reported premium remains positive, the decline shows that grey market sentiment can change even before the subscription period begins.

Investors should not rely exclusively on GMP when deciding whether to apply.

How Much Profit Could One IPO Lot Generate?

If an investor receives an allotment of 55 shares at ₹271 each, the total investment would be ₹14,905.

If the stock were to list at the indicative GMP-based price of ₹344, the hypothetical gross gain would be:

\[ 55 \times ₹73 = ₹4,015 \]

This calculation is not a forecast. The actual listing price could be higher or lower than the issue price, and investors could incur losses.

Brokerage costs, taxes and other applicable charges may also affect net returns.

IPO Reservation for Different Investor Categories

The report provides the following indicative allocation structure.

The exact allocation and applicable bidding conditions should be verified against the official IPO prospectus.

What Does HD Fire Protect Do?

HD Fire Protect operates in the fire protection equipment manufacturing industry.

According to the supplied report, the company was established in 1997 and manufactures products used in fire safety and protection systems.

Its products serve customers requiring equipment designed for fire prevention, detection or suppression applications, depending on the product category.

The report identifies two manufacturing facilities in Maharashtra, located in Jalgaon and Thane.

As of June 30, 2026, the company reportedly employed 279 permanent employees and 253 contractual workers.

These figures provide an overview of the company's operating scale, although investors should examine its financial statements, customer concentration and business risks before making an investment decision.

What Should Investors Check Before Applying?

A positive GMP may attract market attention, but several other factors deserve consideration.

Investors should review the company's revenue growth, profitability, cash flows and debt position.

It is also important to assess the valuation implied by the IPO price band and compare it with relevant listed companies.

Because the issue is reportedly entirely an Offer for Sale, investors should understand why existing shareholders are selling and how much ownership they will retain.

The company's dependence on specific customers, raw materials or manufacturing facilities may also affect future performance.

Finally, investors should consider the possibility of a weak stock market environment at the time of listing.

How to Apply for HD Fire Protect IPO

Eligible investors can generally apply through supported brokerage applications or the ASBA facility offered by banks.

The process typically involves selecting the IPO, choosing the number of lots, entering the bid price and completing the required payment mandate.

For UPI-based applications, investors must approve the mandate within the applicable deadline.

Submitting an application does not guarantee share allotment.

If the IPO is oversubscribed, allotment will be determined according to the applicable allocation rules.

Final Takeaway

HD Fire Protect's ₹712.31 crore IPO is reportedly scheduled to open on October 13 and close on October 16, 2026.

The price band has been set at ₹258–₹271 per share, with a minimum retail investment of ₹14,905 for one lot of 55 shares.

The reported grey market premium of ₹73 suggests an unofficial indicative listing price of ₹344, but actual market performance may differ significantly.

Investors should examine the company's offer documents, financial performance and valuation rather than making decisions based solely on grey market premiums.

Based on the Live Hindustan report published October 10, 2026, at 3:19 PM IST. IPO figures and GMP are reported, not independently verified live market data. This article is for information only and does not constitute investment advice.