HD Fire Protect Limited
Promoters Harish Narshi Dharamshi · Kusum Harish Dharamshi · Miheer Sadanand Ghotikar · Parika Miheer Ghotikar · Anik Narendra Dharamshi
Against an issue price of ₹271. Split- and bonus-adjusted official closes — a past move, never a forecast.
HD Fire Protect Limited raised ₹712 crore through a mainboard initial public offer.
The filing places it in Industrial Manufacturing and names five promoters: Harish Narshi Dharamshi, Kusum Harish Dharamshi, Miheer Sadanand Ghotikar, Parika Miheer Ghotikar and Anik Narendra Dharamshi.
The book was open from 13 October 2026 to 15 October 2026.
The issue was priced at ₹271 a share, from a band of ₹258 to ₹271.
The whole offer is an offer for sale — ₹712 crore paid to existing shareholders selling down, not to the company.
The issuer reported the offer subscribed 131.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
24.54 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
25 anchor investors were allotted shares before the book opened, worth ₹213 crore.
The shares listed on 21 October 2026.
The last official close on file is ₹268 (5 November 2026), which is 1.0% below the issue price.
It now trades as HDFIRE, and its filed financials are on its company page.
Shares sold in the issue at ₹271 last closed at ₹268.2.
See HDFIRE’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No fresh issue — every share in this offer is being sold by existing shareholders, so the company itself raises nothing.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Designated exchange
- BSE
- Discount
- ₹25 a share
- Registered office
- Western India
- Company website
- https://www.hdfire.com/
- Registrar
- MUFG Intime India Private Limited
- Lead managers
- Ambit Private Limited
- Anand Rathi Advisors Limited
- IIFL Capital Services Limited
- Bidding opens13 Oct 2026
- Bidding closes15 Oct 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing21 Oct 2026
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
A snapshot WE took while the book was still open, not the final figure. It is earlier than the filed number above and can only be lower — never quote the two as one measurement. Taken 16 Oct 2026, 7:00 pm IST.
- Anchor investors29.9%78,64,008 sh
- Qualified institutional buyers19.9%52,42,672 sh
- Non-institutional investors15.0%39,32,005 sh
- Retail individual investors34.9%91,74,677 sh
- Reserved portion0.3%71,138 sh
No part of the offer was set aside for market maker or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.03% between ₹258 and ₹271, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 8 of them are domestic mutual funds; we could not classify 17 of the names either way.
| MAGNUM EQUITY EX - TOP 100 LONG SHORT FUND | ₹26.2 cr |
| ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND | ₹22.8 cr |
| KOTAK INFRASTRUCTURE & ECONOMIC REFORM FUND | ₹22.8 cr |
| HDFC MUTUAL FUND - HDFC MULTI CAP FUNDmutual fund | ₹17.5 cr |
| ICICI PRUDENTIAL ENERGY OPPORTUNITIES FUND | ₹14.5 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUNDmutual fund | ₹10 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE MANUFACTURING EQUITY FUNDmutual fund | ₹10 cr |
| ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ INDIA EQUITY | ₹8.8 cr |
| MIRAE ASSET SMALL CAP FUND | ₹8.8 cr |
| HDFC MUTUAL FUND - HDFC INNOVATION FUNDmutual fund | ₹8.7 cr |
| MOTILAL OSWAL FINVEST LIMITED . | ₹8.4 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA SMALL CAP FUNDmutual fund | ₹8.4 cr |
| ISIF EQUITY LONG-SHORT FUND | ₹8.3 cr |
| BAJAJ LIFE INSURANCE LIMITED | ₹7.5 cr |
| BANDHAN INNOVATION FUND | ₹5.5 cr |
| AMUNDI FUNDS INDIA EQUITY CONTRA | ₹5 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH FUND II | ₹3.7 cr |
| UTI SMALL CAP FUND | ₹3.6 cr |
| ARUDHA EQUITY LONG - SHORT FUND | ₹3.3 cr |
| UTI-INFRASTRUCTURE FUND | ₹2.8 cr |
| AXIS MAX LIFE INSURANCE LIMITED PENSION MAXIMISER FUND (ULIF01715/02/13PENSMAXIMI104) | ₹2.2 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C SMART INNOVATION FUND | ₹1.5 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX EQUITY EX- TOP 100 LONG-SHORT FUNDmutual fund | ₹0.9 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX EQUITY LONG-SHORT FUNDmutual fund | ₹0.9 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX HYBRID LONG-SHORT FUNDmutual fund | ₹0.9 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment20 Nov 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment19 Jan 202750% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment21 Apr 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment21 Apr 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Ambit Private Limited 2021 – 2026 | 8 2 measurable | +5.9% | 0 of 1 | 0 of 1 | 0 of 1 |
Anand Rathi Advisors Limited 2021 – 2026 | 6 3 measurable | +23.6% | 0 of 2 | — | — |
IIFL Capital Services Limited 2024 – 2026 | 37 20 measurable | +21.1% | 8 of 16 | 0 of 2 | 0 of 2 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 90 29 measurable | +13.2% | 7 of 24 | 1 of 4 | 2 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive16 Oct 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· PDF · exchange archive25 Sept 2025
- Abridged prospectus· PDF · exchange archive5 Oct 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- Listing filing (XBRL)· XML · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.