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HD Fire Protect shares to list today; GMP signals 26% listing gain

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Core Development: HD Fire Protect shares to list today; GMP signals 26% listing gain
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Market & Financial Impact: HD Fire Protect is set to debut on the BSE and NSE on October 21, with a grey market premium of around 26%, signalling expectations of strong listing gains. The Rs 712 crore IPO was priced at Rs 271 per share and comprised entirely an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. Since it was an OFS, the company will receive no proceeds from the issue.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

HD Fire Protect IPO was priced at Rs 271 per share and comprised entirely an offer for sale (OFS) of 2.63 crore share.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Economic Times ↗
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