HD Fire Protect Limited IPO
HD Fire Protect Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

HD Fire Protect is an Indian manufacturer and supplier of fire protection equipment and systems, offering a comprehensive portfolio covering water-based, foam-based and gas-based fire suppression solutions. The Company develops the majority of its products in-house with proprietary designs that comply with national and international standards, enabling it to serve high-hazard industrial applications as well as residential and commercial sectors. According to the CRISIL Report, HD Fire Protect was the second-largest manufacturer of fire protection equipment and systems in India in terms of operating income in Fiscal 2024 and the largest exporter by value of such equipment during the same period. The Company has established a strong global footprint, with export sales spanning more than 90 countries as of Fiscal 2025, reflecting its technical capabilities, product reliability and growing international presence.

HD Fire Protect IPO Size

Offer For Sale
Rs. TBA Cr (2.63 Cr Shares)

Objects of Issue

The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).

HD Fire Protect IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for HD Fire Protect IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue 432.80 372.95 324.08
PAT 109.55 87.92 70.23
Net Worth 395.84 342.19 274.39
Borrowings 0.00 0.00 0.00
Assets 449.91 392.63 319.88
NAV (₹) 22.59 19.49 15.60
EPS (₹) 6.25 5.01 3.99

Key Performance Indicators (KPIs)

EBITDA

31.89%

PAT

24.31%

ROE

29.59%

ROCE

39.64%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

100.00%

Public

0.00%

Harish Dharamshi 56.13%
Kusum Dharamshi 17.83%
Miheer Ghotikar 10.49%
Parika Ghotikar 6.62%
Anik Dharamshi 4.26%
Others 4.67%

Management

Harish Dharamshi
Chairman & MD
Hitesh Dedhia
CFO

Registrar & Lead Managers

Company Details

Name: HD Fire Protect Limited

Address: O-611, 6th Floor, Runwal R Square, Opp. Veena Nagar, L. B. S. Marg, Mulund West, Mumbai – 400 080, Maharashtra, India

Number: +91 (22) 35287000

Email: investors@hdfire.com

Website: www.hdfire.com

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