Firefighting equipment maker HD Fire Protect’s Rs.712-Cr IPO subscribed 132x

Thane, Maharashtra-based HD Fire Protect’s INR 712.13 crore IPO was subscribed 131.73 times. The qualified institutional buyer (QIB) category, excluding anchor investors, recorded a subscription of 256.65 times, while the non-institutional investor (NII) portion was subscribed 203.21 times. Retail investors subscribed 30.55 times. Ambit was the book-running lead manager to the issue.The IPO comprises an offer for sale of 2.63 crore shares. The price band was fixed at INR 258 to INR 271 per share.HD Fire Protect manufactures and supplies automatic, water-, foam-, and gas-based fire protection and suppression systems for industrial, commercial, and high-hazard facilities.