The HD Fire Protect IPO allotment was finalised on October 16, 2026, a day after the Rs 712.31 crore public issue closed with a blockbuster 131.7 times subscription. The HD Fire Protect IPO, a pure offer for sale priced in the Rs 258-271 band, drew 256.65 times bids in the institutional category, 203.2 times in the non-institutional segment and 30.49 times from retail investors.
With demand far exceeding supply, most applicants will not receive shares. The HD Fire Protect IPO shares are scheduled to list on the NSE and BSE on October 21, while refunds and demat credits are expected on October 19. The grey market premium stood around Rs 74 — roughly 23.6 per cent above the upper price band — signalling expectations of a strong listing, though GMP is unofficial and unregulated.
HD Fire Protect IPO: how to check allotment status
Investors can check the allotment status on the BSE website’s IPO allotment page by selecting the company under equity issues and entering the application or PAN number. On the NSE, the status can be verified through the IPO bid-details section by choosing “HDFIRE” and entering PAN and application details. The BSE page lists the issue under its full company name, so applicants should select it carefully before entering details.
The third route is the registrar, MUFG Intime India: select the company on its IPO allotment page and enter PAN, application number, DP or client ID, or bank account details. Applicants should keep their PAN and application number handy; the allotment status is typically available by the evening of the allotment date, and unsuccessful bidders see refunds unblocked shortly after. Those allotted shares will see them credited to demat accounts on October 19.
HD Fire Protect IPO dates, GMP and listing
The HD Fire Protect IPO opened on October 13 and closed on October 15, with the share allotment finalised on October 16. The issue is entirely an offer for sale of about 2.63 crore shares, meaning the Rs 712.31 crore proceeds go to selling shareholders and the company receives nothing directly. The lot size is 55 shares, so retail investors needed a minimum of Rs 14,905 at the upper price band for a single lot, while employees were offered a Rs 25 per share discount on reserved shares.
Book-running lead managers Ambit, Anand Rathi Advisors and IIFL Capital Services handled the issue from start to finish. The issue’s grey market premium of about Rs 74 points to listing-day gains, but investors should remember that GMP is an informal sentiment gauge — not a SEBI-regulated indicator — and past premiums have not always translated into listing pops. For context, the premium hovered near 30 per cent during the subscription window before settling around Rs 74 on allotment day. The premium has also moved around through the subscription window, so the final listing price remains anyone’s guess.
The business behind the HD Fire Protect IPO
HD Fire Protect manufactures fire protection equipment and describes itself as a debt-free company with UL and FM certifications, exporting to more than 90 countries. Its project references include the new Parliament building, the Jamnagar refinery and Saudi Aramco, giving the issue an industrial-order-book story rather than a consumer-brand one. Fire protection is evergreen, regulation-driven demand: building codes and industrial safety norms keep order books filled even when the broader economy slows.
The 100 per cent OFS structure is the main caution flag: promoters are selling Rs 712 crore of stock, with their holding falling from 100 per cent to about 85 per cent. At the upper band, the issue values the company at a post-issue P/E of roughly 50 times — a rich multiple that leaves little room for disappointment. For applicants who missed out in the HD Fire Protect IPO, the October 21 listing will be the next decision point: chase the listing pop or wait for the price to settle after debut.