Trilegal Advises On HD Fire INR 7,121 Million IPO
Trilegal advised HD Fire Protect Limited on its IPO aggregating to INR 7,121.32 million.
Trilegal advised on the offer for sale of 26,284,500 equity shares of HD Fire.
Trilegal advised HD Fire Protect Limited (HD Fire) on its initial public offering (IPO) aggregating to ~INR 7,121.32 million. The issue comprised an offer for sale of 26,284,500 equity shares of face value INR 5 each by certain promoters.
HD Fire is an Indian manufacturer and supplier of fire protection equipment and systems, offering a comprehensive portfolio spanning water, foam, and gas-based fire suppression systems, which are also generally known as fire fighting products. It is 2nd 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).
The Trilegal 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.