HD Fire Protect IPO Day 2: GMP signals 34% listing gain; key details inside

The HD Fire Protect IPO entered its second day of subscription with a grey market premium (GMP) of 34%, suggesting potential listing gains, though GMP is not a reliable guarantee. The Rs 712.31-crore issue was subscribed 4.62 times on Day 1, with the retail portion subscribed 3.78 times. The IPO is entirely an offer for sale (OFS) of 2.63 crore shares, meaning the company will receive no proceeds.