10-15
HD Fire Protect IPO closes third day at 33.67x; QIB demand jumps to 17.99x
HD Fire Protect's initial public offering was subscribed 33.67x on its third day, with qualified institutional buyers (QIBs) bidding 17.99x, up from 1.49x at the close of day two. Big non-institutional investors (bHNIs) led demand at 108.30x, while retail investors subscribed 16.12x. The company is scheduled to allot shares on October 16, 2026 and to list them on October 21, 2026. The prospectus flagged heavy supplier concentration, with the top 10 suppliers accounting for nearly 60% of first-quarter expenses, no long-term purchase agreements and about 45% of procurement imported — including 24.98% to 30.96% from China — without price hedging.
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10-7
HDFC Bank shares climb after RBI clears Anup Bagchi as CEO from Oct. 27, 2026
The Reserve Bank of India has approved Anup Bagchi to take over as HDFC Bank’s managing director and chief executive officer for a three-year term starting Oct. 27, 2026. The bank will run a postal ballot from Oct. 8 to Nov. 6, 2026 to seek shareholder approval. Bagchi previously helped ICICI Bank become India’s first private-sector bank to cross a ₹2 trillion retail mortgage portfolio during his tenure there.
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