Brokerages bullish on HD Fire Protect as IPO opens with ₹258-271 band

HD Fire Protect's IPO has generated positive sentiment among brokerages as the company moves forward with its capital-raising exercise. The fireproofing and fire safety solutions provider is offering shares within a price band of ₹258 to ₹271 per equity share, according to the offer details.

Multiple brokerages have outlined constructive long-term growth prospects for the company, citing factors such as increasing regulatory focus on fire safety across commercial and industrial sectors in India. The sector has benefited from stricter building codes and heightened awareness of workplace safety standards.

The subscription window for the IPO will close on October 15, 2026. Investors will be able to bid for shares throughout this period before the final allotment process determines the number of securities allocated to successful bidders.

HD Fire Protect's entry into the public markets comes as the fire safety and protection industry continues to expand in India. The company's positioning in a growing segment has resonated with market analysts who point to sustained demand drivers in both the private and public sectors.