markets · Markets / IPOs / Companies
HD Fire Protect IPO Day 1 at 3.07×; LoanFront book at 0.08×; Fusion CX anchor filing still pending
Mid-afternoon on Day 1 of public bidding, HD Fire Protect’s book is already past 3×, led by non-institutional bids. LoanFront’s SME book is barely started at 0.08×. Fusion CX’s anchor allocation report is not yet on the exchange archive; its public window and Ravita’s open Wednesday.
60-sec
Tuesday 13 Oct 2026 — Day 1 public books (NSE, mid-afternoon):
| HD Fire Protect (HDFIRE, mainboard) | Vaibhav Vyapaar / LoanFront (LOANFRONT, NSE Emerge) | |
|---|---|---|
| Book window | 13–15 Oct (UPI cut-off 15 Oct 5 p.m.) | 13–15 Oct (UPI cut-off 15 Oct 5 p.m.; SME close-day bidding to 4 p.m.) |
| Price band | ₹258–271 · lot 55 | ₹51–54 · lot 2,000 (min 4,000 sh) |
| Day-1 overall | 3.07× (5,65,98,300 bid / 1,84,20,492 offered) | 0.08× (4,24,000 bid / 55,96,000 offered) |
| As on | NSE category table 14:15 IST | NSE demand graph 14:15 IST |
| Category colour | NII 6.67× · Retail 2.71× · QIB 1.01× · Emp 2.19× | Absolute bids only (category offered rows blank on NSE): IND 2-lot 3,84,000 (96 apps) · NII 40,000 (5 apps) · QIB 0 · 101 apps total |
| Anchor (Mon) | 78,64,008 sh @ ₹271 = ₹213.11 cr | 22,00,000 sh reserved (issue page) |
Also today / tomorrow: Fusion CX (₹275–289, lot 51) was due to take anchors today; NSE still shows no ANCHOR_FUSIONCX archive file mid-afternoon, and the public book remains 14–16 Oct. Ravita Engineering (RAVITA) live NSE issue page: public 14–16 Oct, ₹105–112, lot 1,200 — bid book still zero (not yet open).
Takeaway: HD Fire’s Day-1 print is already past full cover, with HNIs leading. LoanFront has barely opened. Books run through Thursday. No GMP. Not investment advice.
Morning open context: HD Fire anchors ₹213 cr; books open.
Analysis
HD Fire: 3.07× by 2:15 p.m. on Day 1
NSE’s live category subscription table for HDFIRE, updated as on 13 Oct 2026 14:15 IST, shows:
| Category | Shares offered | Shares bid | Times |
|---|---|---|---|
| QIB | 52,42,672 | 53,02,660 | 1.01× |
| — of which FII bids | — | 52,46,395 | — |
| — domestic FI / insurers | — | 4,510 | — |
| — mutual funds (public QIB book) | — | 0 | — |
| NII | 39,32,005 | 2,62,41,985 | 6.67× |
| — bid amount > ₹10 lakh | 26,21,337 | 1,57,33,080 | 6.00× |
| — bid amount ₹2–10 lakh | 13,10,668 | 1,05,08,905 | 8.02× |
| Retail (RII) | 91,74,677 | 2,48,98,170 | 2.71× |
| — cut-off | — | 2,09,04,345 | — |
| — price bids | — | 39,93,825 | — |
| Employees | 71,138 | 1,55,485 | 2.19× |
| Total (ex-anchor public) | 1,84,20,492 | 5,65,98,300 | 3.07× |
That public pot is the OFS of up to 2,62,84,500 promoter shares minus Monday’s 78,64,008-share anchor allotment at ₹271 (₹213.11 crore). NSE’s combined demand graph (NSE+BSE) printed 3.06× as on 14:12 IST — same order of magnitude as the 14:15 category total. An NSE-only demand snapshot a few minutes later was lower (~2.16×); we are using the category table with the 14:15 stamp for the headline and category splits.
Mutual funds that took 71.88% of Monday’s anchor book show zero fresh bids in today’s public QIB row — normal so far on Day 1, with FIIs carrying almost all of the 1.01× QIB print. Non-institutional demand is the clear Day-1 leader.
Issue mechanics unchanged: pure OFS, band ₹258–271, lot 55, employee discount ₹25, BRLMs Ambit / Anand Rathi Advisors / IIFL Capital, registrar MUFG Intime, bidding 10 a.m.–5 p.m. through 15 Oct.
LoanFront: 0.08×, 101 applications
For LOANFRONT (Vaibhav Vyapaar Limited), NSE’s demand graph as on 13 Oct 2026 14:15 IST shows 4,24,000 shares bid against 55,96,000 offered in the public display = 0.08×. Bid-detail rows at the same window:
- Individual (2 lots): 3,84,000 shares · 96 applications
- NII: 40,000 shares · 5 applications (all in the ₹2–10 lakh bucket)
- QIB: 0
- Total applications: 101
NSE’s category-offered cells for this SME still print 0 in the active-category feed (a known blank on some SME books this month), so we are not inventing category multiples — only the overall 0.08× from the demand graph plus absolute bid/application counts from bid details.
Issue page reminder: fresh issue up to 77,96,000 shares including market-maker 3,90,000 and anchor 22,00,000; public display size 55,96,000; band ₹51–54; lot 2,000 (minimum application 4,000 shares = ₹2,04,000–2,16,000 at the band); BRLM Getfive Advisors; registrar KFin Technologies; window 13–15 Oct.
Fusion CX anchor file missing; Ravita still Wednesday
Fusion CX (FUSIONCX): public issue period on NSE remains 14–16 Oct, band ₹275–289, lot 51, fresh up to ₹500 crore + OFS up to ₹202 crore, BRLMs Nuvama / IIFL Capital / Motilal Oswal Investment Advisors, registrar KFin. Mid-afternoon, NSE archives still return no ANCHOR_FUSIONCX (or post-anchor parameters) file — so no verified anchor share count or rupee total in this update. Watch the company/exchange filing.
Ravita Engineering (RAVITA, NSE Emerge): live issue page still lists 14–16 Oct, ₹105–112, fresh 1,03,62,000 shares, lot 1,200, BRLM Vivro, registrar MUFG Intime. Bid book zero — consistent with a Wednesday open.
Listings today: no fresh NSE IPO listing feed for 13 Oct in this desk’s pull. Funding rounds: no company or regulator primary press release confirmed this afternoon — skipped.
What to watch
- HDFIRE / LOANFRONT Day-2 and Day-3 category tables through 15 Oct close (UPI 5 p.m.)
- Fusion CX anchor allocation letter when it hits BSE/NSE
- Ravita and Fusion CX public open Wednesday
Sources
- NSE —
ipo-active-category?symbol=HDFIRE, Updated as on 13-Oct-2026 14:15:00 (overall 3.07× and category offered/bid/times). - NSE —
ipo-detail?symbol=HDFIRE&series=EQdemand graph (NSE+BSE) as on 13-Oct-2026 14:12:00 IST (3.06× cross-check); issue info (band, lot, OFS size, anchor share count, BRLMs, registrar, UPI cut-off). - NSE —
ipo-detail?symbol=LOANFRONT&series=SMEdemand graph as on 13-Oct-2026 14:15:00 IST (0.08×; 4,24,000 / 55,96,000); bid details (101 apps; IND / NII / QIB absolute bids); issue info (fresh size, anchor 22,00,000, MM 3,90,000, band, lot, BRLM, registrar). - NSE —
ipo-current-issueafternoon of 13 Oct 2026 (HDFIRE and LOANFRONT listed Active). - NSE —
ipo-detail?symbol=FUSIONCX&series=EQand?symbol=RAVITA&series=SME(public periods 14–16 Oct; Fusion CX size/band/lot; Ravita size/band/lot; zero public bids). - NSE archives —
ANCHOR_FUSIONCX.zip/POSTANCHOR_PARAMETERS_FUSIONCX.zipnot present (HTTP 404) at time of writing. - HD Fire Protect Limited — anchor investor allocation letter to BSE/NSE dated 12 Oct 2026 (₹213.11 crore at ₹271; mutual-fund split) — as filed in this morning’s open-day story.
Not investment advice. No grey-market premium. Intraday subscription prints move through the session — re-check the NSE issue page before you act. Indicative dates can change.
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