Chandigarh, September 26th, 2025: HD Fire Protect Limited (“The Company”) has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The company is an Indian manufacturer and supplier of fire protection equipment and systems, offering a comprehensive portfolio spanning water, foam, and gas-based fire suppression systems (generally known as firefighting products). The company develops majority of its products in-house with proprietary designs to meet national and international standards, serving high hazard industrial applications as well as residential and commercial sectors.
The company was second-largest manufacturer of fire protection equipment and systems in India in terms of operating income (revenue from operations) in Fiscal 2024 and the largest exporter by value (equipment) in Fiscal 2024. The company has export sales in more than 90 countries as of Fiscal 2025.
The total Offer size comprises of an Offer-For-Sale aggregating of up to 26,284,500 equity shares. (“Total Offer Size”) The Company will not receive any proceeds from the Offer (“Offer Proceeds”)
The objects of the Offer are to (i) to carry out the Offer for Sale of up to 26,284,500 Equity Shares of face value of ₹5 each by the Promoter Selling Shareholders; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Equity shares aggregating up to 8,983,700 shares by Harish Narshi Dharamshi and up to 17,300,800 shares by Kusum Harish Dharamshi (both promoter selling shareholders) are included in the offer for sale.
Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited are the Book Running Lead Managers to the offer.