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HD Fire Protect IPO Subscribed 16.50 Times on Day Two of Bidding
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News18•14-10-2026, 19:30
HD Fire Protect IPO Subscribed 16.50 Times on Day Two of Bidding
- •The initial public offer of HD Fire Protect Ltd was subscribed 16.50 times on Wednesday, the second day of bidding.
- •The Rs 712-crore IPO received bids for 30,38,47,390 shares against 1,84,20,492 shares on offer according to NSE data.
- •Non-institutional investors category saw 48.70 times subscription, retail investors portion was subscribed 11.33 times, and QIBs quota received 1.49 times.
- •The IPO features a price band of Rs 258 to Rs 271 per share and will close on October 15.
- •The public issue is entirely an offer for sale of 2.63 crore equity shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.
Key Questions Answered
The initial public offer of HD Fire Protect was subscribed 16.50 times on the second day of bidding.
The company has fixed a price band of Rs 258-271 per share for its Rs 712-crore IPO.
The shares of HD Fire Protect are expected to list on the BSE and NSE on October 21.
