HD Fire Protect IPO – A Strategic Listing from India’s Fire Safety Leader
The HD Fire Protect IPO marks a significant development in India’s industrial safety sector as the Mumbai-based company prepares to take its shares public. The firm has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), signalling its intent to launch an Initial Public Offering (IPO) primarily through an Offer-For-Sale (OFS) by promoters.
IPO Structure & Objective
The public issue consists entirely of an Offer-For-Sale of approximately 26,28,4500 equity shares by promoter selling shareholders, including Harish Narshi Dharamshi and Kusum Harish Dharamshi. A key feature of this structure is that the company itself will not receive fresh funds from the offer — rather, the proceeds will go directly to selling shareholders. The primary objectives are to facilitate the listing of the company’s shares on the stock exchanges and provide liquidity to existing promoters.
