Trilegal, Talwar Thakore & Associates (TT&A), Chandhiok & Mahajan advised on HD Fire Protect’s INR 712 crore IPO.
HD Fire Protect Limited (HD Fire), an Indian manufacturer and supplier of fire protection equipment and systems, launched an initial public offering (IPO) aggregating to approximately INR 712 crore. The issue comprised an offer for sale of 26,284,500 equity shares of face value INR 5 each by certain promoters.
HD Fire offers a comprehensive portfolio of fire protection equipment and systems spanning water, foam and gas-based fire suppression systems, also generally known as firefighting products. It is the second-largest manufacturer of fire protection equipment and systems in India.
The syndicate of book-running lead managers comprised Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited (formerly IIFL Securities Limited).
Trilegal advised HD Fire Protect Limited on its initial public offering.
The Capital Markets team advising on the matter was led by Partners Richa Choudhary and Maitreya Rajurkar and comprised Senior Associate Pooja Tada and Associates Shreyansh Gupta, Naman Shah and Arnab Goswami.
Talwar Thakore & Associates (TT&A) advised the promoter selling shareholders, Harish Narshi Dharamshi and Kusum Harish Dharamshi, in the proposed IPO of HD Fire Protect Limited.
The team comprised Partner Abhinav Kumar, Managing Associate Shubham Sancheti, Senior Associate Indira Satish and Associate Soham Vakil.
Chandhiok & Mahajan (C&M) advised the Book Running Lead Managers, Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited (formerly IIFL Securities Limited) on the initial public offering.
C&M Capital Market team consisted of Partner & head of Capital Markets Niruphama Ramakrishnan, Senior Associate Pratima Pratihar along with Associates Sparsh Sharma & Saba Alam.
