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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.

Capital Chronicle Desk~4 minDual-layer

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 window13–15 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 overall3.07× (5,65,98,300 bid / 1,84,20,492 offered)0.08× (4,24,000 bid / 55,96,000 offered)
As onNSE category table 14:15 ISTNSE demand graph 14:15 IST
Category colourNII 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 cr22,00,000 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:

CategoryShares offeredShares bidTimes
QIB52,42,67253,02,6601.01×
— of which FII bids—52,46,395—
— domestic FI / insurers—4,510—
— mutual funds (public QIB book)—0—
NII39,32,0052,62,41,9856.67×
— bid amount > ₹10 lakh26,21,3371,57,33,0806.00×
— bid amount ₹2–10 lakh13,10,6681,05,08,9058.02×
Retail (RII)91,74,6772,48,98,1702.71×
— cut-off—2,09,04,345—
— price bids—39,93,825—
Employees71,1381,55,4852.19×
Total (ex-anchor public)1,84,20,4925,65,98,3003.07×

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

  1. HDFIRE / LOANFRONT Day-2 and Day-3 category tables through 15 Oct close (UPI 5 p.m.)
  2. Fusion CX anchor allocation letter when it hits BSE/NSE
  3. 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=EQ demand 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=SME demand 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-issue afternoon of 13 Oct 2026 (HDFIRE and LOANFRONT listed Active).
  • NSE — ipo-detail?symbol=FUSIONCX&series=EQ and ?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.zip not 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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