New Delhi, Sep 25 (PTI) Manufacturer and supplier of firefighting products HD Fire Protect has filed preliminary papers with markets regulator Sebi to float an initial public offering (IPO).

The Mumbai-based company's IPO is entirely an offer-for-sale (OFS) of 26,284,500 equity shares by promoters with a fresh issue component, according to the draft red herring prospectus (DRHP) filed on Wednesday.

Since the entire issue is an OFS, all proceeds will go directly to the selling shareholders rather than the company.

The company said the IPO is intended to achieve the benefits of listing equity shares on the stock exchanges and to facilitate the OFS for selling shareholders.

HD Fire Protect is a manufacturer and supplier of fire protection equipment and systems, commonly known as firefight

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