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The Economic Times
The Economic Times
Business
Rounak Khare

Saudi Aramco supplier HD Fire plans to launch IPO in October

IPO India Saudi Arabia

Fire protection systems manufacturer HD Fire Protect plans to launch its initial public offering (IPO) in October, according to a PTI report. The proposed public issue comprises an Offer for Sale (OFS) of 2.6 crore equity shares by the promoters, with no fresh issue component.

The company is currently undertaking institutional roadshows as part of the marketing process for the proposed IPO. Ambit, Anand Rathi Advisors and IIFL Capital Services are the book-running lead managers to the issue.

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