HD Fire Protect files for ₹712 crore IPO

HD Fire Protect Limited has filed a red herring prospectus with SEBI for a mainboard initial public offering (IPO). The issue is scheduled to open on 13 October 2026 and close on 15 October 2026.

The offering is entirely an offer for sale (OFS) of up to 2,62,84,500 shares, valued at approximately ₹712.31 crore at the upper price band of ₹258–₹271 per share. The company will not receive any fresh capital from this issuance.

For the fiscal year 2026, the fire-protection equipment manufacturer reported revenue from operations of approximately ₹489.28 crore and a profit after tax of approximately ₹116.79 crore. The company noted material exposure to exports, certification requirements, and working-capital collection cycles.