HD Fire IPO Day 2: GMP ₹90 (+₹25)
Alright folks, it’s Day 2 for the HD Fire IPO, and we’ve got some interesting movements to unpack! Yesterday, we saw a quiet start, which is pretty common as investors often wait for more data to roll in. Today, however, things are starting to pick up, especially in the Grey Market Premium (GMP) department. While the official subscription numbers are still showing zero across the board – a typical scenario this early in the process – the buzz in the unofficial market is definitely growing.
| Date | GMP | Est. Listing |
|---|---|---|
| 20 Oct | +₹69 | ₹340 |
| 19 Oct | +₹65 | ₹336 |
| 18 Oct | +₹67 | ₹338 |
| 17 Oct | +₹63 | ₹334 |
| 16 Oct | +₹70 | ₹341 |
Subscription Status
As of Day 2, the official subscription figures for HD Fire IPO remain at 0x for Retail, NII, QIB, and the Total category. Now, don’t let these zeros alarm you. It’s absolutely standard for the first couple of days of an IPO. Most investors, particularly the Qualified Institutional Buyers (QIBs) and High Net-worth Individuals (HNIs) who often drive significant subscription, prefer to wait until the last day or two to place their bids. They have more capital to deploy and often a more calculated approach. Retail investors, on the other hand, might start dipping their toes in earlier, but we’re still early in the game for them to make a substantial impact on the overall numbers. The lot size is 55 shares, so keep that in mind when you see the final figures.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 30.55x | |
| NII / HNI | 203.21x | |
| QIB | 256.65x | |
| Total | 256.65x |
GMP Update
This is where it gets exciting! The Grey Market Premium (GMP) for HD Fire IPO has seen a significant jump. Yesterday, it was hovering around ₹65. Today, it’s surged to ₹90, a solid increase of ₹25. This kind of upward movement is often a good indicator of investor sentiment. A rising GMP suggests that the demand for HD Fire shares in the unofficial market is strengthening. Based on the issue price of ₹271 and the current GMP of ₹90, the expected listing price is now around ₹361. That’s a healthy potential gain right out of the gate. This jump is definitely encouraging and could be a precursor to strong subscription numbers as we head into Day 3.
Should You Apply?
So, the big question: should you be applying for HD Fire IPO? That’s always a tough one, and it’s not a one-size-fits-all answer. On one hand, the increasing GMP is a very positive sign. It indicates strong demand and the potential for a good listing gain, which is what many investors are looking for. The expected listing price of ₹361 against the issue price of ₹271 offers a tempting proposition. However, remember that GMP is an unofficial indicator and not guaranteed. The official subscription numbers are still nil, which, as we’ve discussed, is normal but means we need to wait for actual demand to materialize. SEBI advisors always recommend looking at a company’s fundamentals, its future prospects, and its valuation alongside GMP and subscription data. For HD Fire, the increase in GMP is certainly worth noting and watching closely. The IPO period runs from 2026-10-13 to 2026-10-15, so you still have time to make your decision. Keep an eye on the subscription numbers as they come in over the next day and a half. The bottom line is, the GMP is looking good, but solid subscription data will be the ultimate confirmation.