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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
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HD Fire Protect Limited is an Indian engineering and manufacturing enterprise specializing in fire suppression technology and equipment. Established in April 1997 and headquartered in Mumbai, the company develops, manufactures, and markets a comprehensive range of water, foam, and gas-based fire protection solutions. Its core product lineup includes automatic fire sprinklers, deluge valves, alarm valves, foam proportioning systems, water spray nozzles, and custom-engineered fire safety equipment. The company operates specialized, vertically integrated manufacturing facilities located in Jalgaon and Thane, Maharashtra. These plants house dedicated research and development capabilities alongside advanced fire-testing infrastructure. HD Fire Protect maintains major global safety and quality accreditations, including UL Listing, FM Approval, and CE Certification. As of Fiscal 2026, the company stood as India's second-largest manufacturer of fire protection equipment by revenue and the largest exporter in the category. Serving a diverse global clientele across more than 90 countries, HD Fire Protect supplies critical fire safety installations to high-hazard and heavily regulated industries. Key target markets encompass oil and gas refineries, petrochemical complexes, thermal and renewable power plants, data centers, chemical processing units, pharmaceutical plants, and large-scale industrial infrastructure.
HD Fire Protect Limited raised Rs 213.11 crore from 25 anchor investors on October 12, 2026, allocating 78,64,008 equity shares at the upper price band of Rs 271 per share. Domestic mutual funds were allotted roughly 71.88 percent of the anchor portion across schemes managed by Kotak Mahindra Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset Mutual Fund, Bandhan Mutual Fund, and UTI Mutual Fund. Prominent institutional investors participating in the anchor book also included Bajaj Life Insurance, Axis Max Life Insurance, and Allianz Global Investors Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 12 October 2026, 11:15 PM
Comprehensive Global Certifications
Holds major international safety approvals including UL Listing, FM Approval, and CE Certification across its product lines, giving it a strong competitive advantage in regulated international markets.
Extensive International Export Network
Exports fire suppression equipment to over 90 countries, diversifying revenue streams across global oil, gas, power, and industrial infrastructure segments.
In-House R&D and Fire Testing Capability
Operates integrated manufacturing facilities in Maharashtra with dedicated research and specialized fire testing infrastructure to support product innovation.
Prominent Market Position in India
Maintains a leading position as India's second-largest fire protection equipment manufacturer by revenue and the largest exporter in the category for Fiscal 2026.
Geographic Concentration of Manufacturing
Manufacturing operations are centralized in Maharashtra, making the business vulnerable to local operational interruptions or regional disruptions.
Dependence on Short-Term Orders
Relies predominantly on purchase orders rather than long-term supply agreements, introducing potential revenue volatility across financial quarters.
Strict Regulatory and Quality Compliance
Any delay or failure in maintaining global safety accreditations could adversely impact customer confidence and sales in international markets.
HD Fire Protect Limited
O-611, 6th Floor, Runwal R Square, Opp. Veena Nagar, L. B. S. Marg, Mulund West, Mumbai, Maharashtra 400080
View on Maps →MUFG Intime India Private Limited
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Raw Material Sourcing Exposure
Lacks long-term supply contracts for key raw materials, exposing profit margins to price volatility and supply chain friction.