The initial public offering (IPO) of HD Fire Protect opened for subscription today, with the issue booked over 15 percent by 10:10 am on October 13, as per the NSE data.
In the grey market, HD Fire Protect shares were commanding a premium of around 32 percent on the morning of October 13, according to market tracking platform InvestorGain. Grey market premiums are unofficial indicators of investor sentiment and do not guarantee listing gains.
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HD Fire Protect has fixed a price band of Rs 258–271 per share for the public issue, which will remain open for subscription until October 15.
Investors can bid for a minimum of 55 equity shares and in multiples of 55 shares thereafter. At the upper end of the price band, the minimum investment for retail investors stands at Rs 14,905.