03 Oct 2025


Trilegal advised on the proposed initial public offering of equity shares (“IPO”) by HD Fire Protect Limited (“HD Fire”) comprising offer for sale of equity shares by certain existing shareholders of HD Fire.
HD Fire is the second-largest manufacturer of fire protection equipment and systems in India in terms of operating income (revenue from operations) in Fiscal 2024 and the largest exporter by value (equipment) in Fiscal 2024*. They have export sales in more than 90 countries as of Fiscal 2025.
The Trilegal Capital Markets team advising HD Fire was led by Partner: Richa Choudhary; and supported by Counsels: Maitreya Rajurkar and Avanti Kale; Senior Associate: Pooja Tada; and Associates: Naman Shah, Arnab Goswami and Shreyansh Gupta.
*As per Crisil
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 148 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
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