HD Fire IPO Opens Today | Should You Subscribe? Price Band, GMP Analysis & Broker Views

HD Fire Product’s ₹712 crore IPO has opened for subscription, putting the fire-protection equipment maker in the spotlight. The issue is priced at ₹258 - ₹271 per share, with a lot size of 55 shares, and closes on October 15. The IPO is entirely an offer for sale, meaning the proceeds go to selling shareholders rather than the company. Brokerages including SBI Securities, Choice Broking, Swastika Investmart, Sushil Finance and Master Capital have reportedly recommended subscribing for the long term, citing the company’s market position, valuations, profitability and strong order book. However, investors should weigh key concerns, including slower profit growth relative to revenue and declining operating cash flows. Watch for the key IPO details, brokerage views and risks before making an investment decision. Consult your financial adviser before investing.