HD Fire Protect raised Rs 213.11 crore from anchor investors before its Rs 712-crore IPO. The public issue opens on October 13 and closes on October 15, with a price band of Rs 258–271 per share. This Mumbai-based firm makes fire protection systems and saw its annual profit grow recently.

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HD Fire Protect, a manufacturer of fire protection equipment and systems, has raised Rs 213.11 crore through its anchor book ahead of the opening of its initial public offering (IPO) for public subscription.

The Rs 712-crore IPO, comprising an offer for sale (OFS) by the promoters, will open for subscription on October 13 and close on October 15. The price band has been fixed at Rs 258–271 per share.

The company has allocated 78.64 lakh equity shares to 16 institutional investors via anchor book at the upper end of the price band on October 12.

Of the total anchor allocation, 56,52,331 equity shares were allotted to nine domestic mutual funds, including SBI Mutual Fund, HDFC Asset Management Company, ICICI Prudential Asset Management Company, Aditya Birla Sun Life Asset Management Company, PGIM India, Bandhan Mutual Fund, and Mirae Asset.

Bajaj Life Insurance and Axis Max Life Insurance have subscribed to a combined 5.51 lakh shares worth Rs 14.95 crore. Other prominent investors, including Ashoka WhiteOak, Allianz Global Investors Fund, and Amundi Funds, also participated in the anchor book.

As the IPO is entirely an offer for sale, the net proceeds, after accounting for offer-related expenses, will go to the promoters, Harish Narshi Dharamshi and his wife, Kusum Dharamshi. The company will not receive any proceeds from the issue.

Mumbai-based HD Fire Protect manufactures fire protection equipment and systems, offering a portfolio of water-, foam-, and gas-based fire suppression solutions to domestic and international customers.

The domestic market contributed 65 percent of the company's revenue in FY26, while exports accounted for the remaining 35 percent.

For the financial year ended March 2026, the company's profit increased by 6.4 percent to Rs 116.8 crore from Rs 109.7 crore in the previous financial year. Revenue rose by 13 percent to Rs 489.3 crore from Rs 432.8 crore over the same period.

For the three months ended June 2026, the company reported a profit of Rs 23.8 crore on revenue of Rs 109 crore.