Now Reading: HD Fire Protect shares list at 24% premium, then pare gains
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HD Fire Protect shares list at 24% premium, then pare gains
The Story in Brief
Shares of HD Fire Protect debuted on the BSE and NSE on Wednesday (21 October 2026) at a premium of nearly 24 per cent over the issue price of Rs 271. The stock opened at Rs 335 on the NSE (a premium of 23.62 per cent) and at Rs 334.40 on the BSE. It then pared gains, trading later at Rs 306.75 on the NSE and Rs 304.70 on the BSE, according to The Hindu Business Line.
The Rs 712-crore initial public offering, entirely an offer for sale of 2.63 crore equity shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi, was subscribed 131.70 times between 13 and 15 October. Institutional investors led demand: the qualified institutional buyer portion was booked 256.65 times, non-institutional investors 203.21 times, and retail investors 30.55 times.
Indian Opinion Analysis
The four reports cover an identical event with straight, fact-based reporting. NDTV Profit and Business Standard led with the listing premium figure, while The Hindu Business Line added the stock’s subsequent intraday decline from Rs 335 to Rs 306.75 on the NSE and from Rs 334.40 to Rs 304.70 on the BSE, a detail absent from the other two sources. Economic Times provided the most granular financial background, naming the two promoter sellers and the exact value of their stake sales (Rs 243.46 crore and Rs 468.85 crore), as well as FY26 revenue and profit figures. The Hindu Business Line also noted the company’s supply contracts for the new Parliament building and Jamnagar refinery. The subscription and pricing figures are consistent across all outlets.
Coverage: 4 sources, 4 neutral
Sources (4): ndtvprofit.com (neutral report), business-standard.com (neutral report), economictimes.indiatimes.com (neutral report), thehindubusinessline.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 21 October 2026: this story now draws on 4 sources.
