{
  "id": 15854167,
  "title": "HD Fire Protect shares list at nearly 24% premium, pare gains after strong debut",
  "url": "https://urgent.news/2026/10/21/hd-fire-protect-shares-list-at-nearly-24-premium-pare-gains-after",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T06:24:28.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/hd-fire-protect-shares-list-at-nearly-24-premium-pare-gains-after-strong-debut/article71606492.ece"
  },
  "original_language": "en",
  "account": "Shares of HD Fire Protect, a fire protection equipment manufacturer, made a strong start on the stock exchanges on Wednesday, listing 24% above the issue price of ₹271 each. The stock opened at ₹335 on the National Stock Exchange (NSE), marking a 23.62% premium. Later, it traded at ₹306.75, down 8.43% from its listing price. On the Bombay Stock Exchange (BSE), shares debuted at ₹334.40, up 23.39% from the issue price, before falling to ₹304.70, or 8.88% lower than the opening level. Following the debut, HD Fire Protect's market capitalization stood at ₹5,284.06 crore on the NSE and ₹5,276.18 crore on the BSE. The ₹712-crore Initial Public Offering (IPO) was subscribed 131.70 times on the last bidding day. The IPO involved a complete offer sale of 2.63 crore equity shares by the promoters. HD Fire Protect designs and manufactures fire safety equipment like water, foam, and gas-based suppression systems. The company operates two manufacturing units in Maharashtra and serves industries like oil and gas, refining, petrochemicals, power, pharmaceuticals, aerospace, data centers, and warehousing.",
  "summary": "Following the listing, the company's market capitalisation stood at ₹5,284.06 crore on the NSE and ₹5,276.18 crore on the BSE",
  "key_points": [
    "HD Fire Protect shares listed 24% above issue price at ₹335 each",
    "Stock opened at ₹335 on NSE, marking 23.62% premium",
    "Shares fell 8.88% from opening level after debut"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}