HD Fire Protect IPO Closes at 131.73x: Final Subscription, Allotment Date & GMP
HD Fire Protect's Rs.712.31 crore IPO closed its three-day bidding on 15 October 2026 with a blockbuster 131.73 times subscription, making it one of the most oversubscribed mainboard IPOs of the year. The final numbers came in far above the 32.75x seen at midday, after a late flood of institutional bids on Day 3. The basis of allotment is expected on 16 October, with listing on the BSE and NSE on 21 October.
HD Fire Protect IPO: Final Subscription Numbers
The institutional category drove the surge: QIB subscription jumped from around 1.5x at 10:20 AM to 256.65x by close, excluding the anchor portion. Bids totalling Rs.65,759.70 crore came in for shares worth Rs.712.31 crore at the upper price band.
| Category | Shares Offered | Shares Bid For | Subscription |
|---|---|---|---|
| QIB (ex-anchor) | 52,42,673 | 134,55,42,605 | 256.65x |
| NII (bNII / sNII) | 39,32,004 | 79,90,03,480 | 203.21x (bNII 236.17x, sNII 137.28x) |
| Retail (Individual) | 91,74,677 | 28,03,31,260 | 30.55x |
| Employee | 71,138 | 16,79,755 | 23.61x |
| Total | 1,84,20,492 | 242,65,57,100 | 131.73x |
Source: exchange filings via NSE/BSE as of close, 15 October 2026.
Day-Wise Subscription Trend
| Day | Total Subscription | Key Movement |
|---|---|---|
| Day 1 (13 Oct) | 4.62x | NII 11.38x, retail 3.78x, QIB ~1x |
| Day 2 (14 Oct) | 16.50x | QIB 1.84x, retail 11.34x, HNI 48.70x |
| Day 3 (15 Oct, final) | 131.73x | QIB 256.65x — late institutional flood |
Allotment & Listing: Key Dates
| Event | Date |
|---|---|
| Basis of Allotment finalisation | 16 October 2026 |
| Refund initiation | 19 October 2026 |
| Credit of shares to demat | 19 October 2026 |
| Listing (BSE + NSE) | 21 October 2026 |
Investors can check their allotment status on the registrar MUFG Intime India Private Limited's website, or on the BSE/NSE IPO allotment pages, from 16 October.
HD Fire Protect IPO GMP Today & Estimated Listing Price
The grey market premium (GMP) for HD Fire Protect was around Rs.85–91 on 15 October, or roughly 31–34% over the upper price band of Rs.271. That implies an estimated listing price of about Rs.356–362 — but GMP is unofficial, market-reported, and can change; it does not guarantee listing-day performance.
Quick facts: the Rs.712.31 crore issue is entirely an offer for sale of 2.63 crore shares (no fresh issue), priced at Rs.258–271 with a 55-share lot (minimum Rs.14,905 at the upper band). The company makes fire protection equipment — water-, foam- and gas-based suppression systems — for refineries, power plants, data centres and airports.
Read the issue deep-dive: HD Fire Protect IPO: Price Band, Dates, GMP & Review, and the midday report: HD Fire Protect IPO Closes Today at 32x (midday update).
Also Today: Five New IPOs Open, Vaibhav Vyapaar Closes
| IPO | Status | Day-1 / Final Subscription | GMP (unofficial) |
|---|---|---|---|
| Tonbo Imaging | Opened today | 4.01x (QIB 3.92x, NII 5.96x, Retail 3.21x) | Rs.500 (+71%) |
| Bonfiglioli Transmissions | Opened today | 0.48x | Rs.160–180 (+27–30%) |
| Zetwerk | Opened today | 0.23x | Rs.15–23 (~10–15%) |
| Sahajanand Medical | Opened today | 0.35x | Rs.42–45 (~12–13%) |
| Shellz India (SME) | Opened today | 0.76x | Rs.0 |
| Fusion CX | Day 2, closes 16 Oct | 1.16x (Retail 3.92x) | Rs.20–34 |
| Ravita Engineering (SME) | Day 2, closes 16 Oct | 1.70x | Rs.2–7 |
| Vaibhav Vyapaar (SME) | Closed today | 3.23x (QIB 1.61x, NII 6.65x, Retail 2.70x) | Rs.0 |
All five mainboard IPOs that opened today close on 19 October and are tentatively scheduled to list on 23 October. See Fusion CX IPO details and Jio IPO RHP filing: Oct 21–23 dates for the rest of the October calendar.
FAQs
When is the HD Fire Protect IPO allotment?
The basis of allotment is expected to be finalised on 16 October 2026. Investors can check allotment status on the MUFG Intime registrar website or the BSE/NSE allotment pages using their application number or PAN.
What was the final subscription of the HD Fire Protect IPO?
The IPO closed at 131.73 times subscription — QIB 256.65x, NII 203.21x, retail 30.55x and employee 23.61x. Around 242.66 crore shares were bid for 1.84 crore shares on offer.
What is the HD Fire Protect IPO GMP today?
The grey market premium was around Rs.85–91 on 15 October (roughly 31–34% above the Rs.271 upper price band), implying an estimated listing price near Rs.356–362. GMP is unofficial and subject to change.
When does HD Fire Protect list?
The shares are scheduled to list on the BSE and NSE on 21 October 2026.
How many shares were offered in the IPO?
1.84 crore shares were offered to the public (the anchor portion of 78.64 lakh shares, Rs.213.11 crore, was allotted separately on 12 October).
Conclusion
HD Fire Protect's 131.73x close — driven by a last-day QIB avalanche worth over Rs.36,000 crore in bids — puts it among the strongest mainboard responses of 2026. With allotment on 16 October and listing on 21 October, the Rs.356–362 GMP-implied listing range gives allottees plenty to watch. Meanwhile, the day-1 performance of Tonbo Imaging (4.01x) versus the slow starts of Zetwerk, Bonfiglioli and Sahajanand shows investors are being selective despite the busy October pipeline.