HD Fire Protect, the Mumbai-based fire protection equipment manufacturer, on October 7 fixed the price band at Rs 258-271 per share for its upcoming IPO, seeking a valuation of Rs 4,750 crore.
The company aims to raise Rs 712.1 crore through the offer-for-sale of 2.62 crore equity shares, with no fresh issue component.
Promoters Harish Narshi Dharamshi and his wife, Kusum Dharamshi, will be the selling shareholders in the offer-for-sale.
The initial public offering (IPO) will open for public subscription on October 13 and close on October 15, while the anchor book will open for a day on October 12.
HD Fire Protect is likely to finalise the IPO share allotment by October 16 and is expected to list its shares on the bourses on October 21.