SBI Securities gives subscribe rating to HD Fire Protect IPO
1 report, 1 independent
Updated Oct 13
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What happened
SBI Securities assigned a subscribe rating to HD Fire Protect on October 13, 2026. The IPO for HD Fire Protect was set with a price band of ₹258 to ₹271 per share and opened for bidding on October 13, 2026. SBI Securities noted that HD Fire Protect has served 905 customers and supplies fire-protection equipment to over 90 countries.
Why it matters
The rating reflects positive views on HD Fire Protect's long-term prospects, citing its 36-year business legacy and vertically integrated capabilities. The company holds global certifications, including UL Listing, FM Approval, and CE, making it a unique fire-protection manufacturer in India.
Who's involved
- SBI SecuritiesAssigned the subscribe rating to the HD Fire Protect IPO
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The entities involved
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SBI Securities
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