FX Multitech IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in March 2008, FX Multitech Limited is engaged in the distribution and export of a diversified range of products primarily catering to the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. The Company's product portfolio includes compressors,…
Open Date
Mon, 21 Sep 2026
Close Date
Mon, 21 Sep 2026
Issue Price
Not Announced
Lot Size
Not Announced
Issue Size
NA
Minimum Investment
NA
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
FX Multitech IPO is set to open its Initial Public Offering (IPO) for subscription on September 21, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹0.00 Crore, comprising a fresh issue of 33.55 Lakh equity shares aggregating to ₹0.00 Crore and an offer for sale (OFS) of 3.48 Lakh equity shares aggregating to ₹0.00 Crore by the existing shareholders.
The FX Multitech IPO will open for subscription on September 21, 2026, and close on September 21, 2026. The basis of allotment is expected to be finalized on September 24, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 28, 2026.
The price band and lot size for FX Multitech IPO are yet to be announced.
MUFG Intime India Private Limited is the registrar to the issue. Oneview Corporate Advisors Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the FX Multitech IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 21, 2026.
FX Multitech IPO Timeline (Tentative)
- IPO Open Date
- Mon, 21 Sep 26
- IPO Close Date
- Wed, 23 Sep 26
- Basis of Allotment
- Thu, 24 Sep 26
- Initiation of Refunds
- Fri, 25 Sep 26
- Credit of Shares to Demat
- Fri, 25 Sep 26
- Listing Date
- Mon, 28 Sep 26 — BSE
Open Date
21 September 2026
Close Date
23 September 2026
Basis Of Allotment
24 September 2026
Listing Date
28 September 2026
IPO Subscription
Check Live Subscription →The FX Multitech IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 21 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,98,400 shares, representing 35.06% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,44,000 shares (20.09%), while Non-Institutional Investors (NIIs) receive 5,58,000 shares (15.07%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,102,800 | 29.78% |
| Qualified Institutions | 744,000 | 20.09% |
| Non-Institutional | 558,000 | 15.07% |
| BNII | 372,000 | 10.05% |
| SNII | 186,000 | 5.02% |
| Retail Investors | 1,298,400 | 35.06% |
| Total | 3,703,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 73.05 | 61.12 | 32.66 |
| Revenue | 111.9 | 102.32 | 68.74 |
| Profit After Tax | 11.54 | 9.64 | 4.18 |
| Net Worth | 37.89 | 26.35 | 16.71 |
| Reserve & Surplus | 27.08 | 15.54 | 16.45 |
| Total Borrowings | 18.42 | 17.32 | 11.24 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
FX Multitech Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 37.63 | 44.4 | 28.57 |
| ROCE % | 28.93 | 28.98 | 24.54 |
| RoNW % | 31.8 | 36.33 | 25 |
| Pat Margin % | 9.6 | 9.35 | 6.1 |
Peers Comparison
No Peer Comparision Available
About FX Multitech Limited
Incorporated in March 2008, FX Multitech Limited is engaged in the distribution and export of a diversified range of products primarily catering to the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. The Company's product portfolio includes compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives, automation products, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and other ancillary products. It sources products from globally recognised manufacturers and provides technologically advanced, reliable, energy-efficient and cost-effective solutions for industrial and commercial applications.
The Company has established a diversified distribution network, with its headquarters in Ahmedabad, Gujarat, and warehouses located in Hyderabad, Thane, Kolkata and Bangalore. Its multi-city warehousing and distribution infrastructure enables it to cater to customers across India through timely product delivery, technical assistance and after-sales support. In addition to its domestic operations, FX Multitech also exports its products, thereby extending its presence across international markets.
The Company has developed business relationships with several established global suppliers and manufacturers, including Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd., KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools and Honeywell Automation India Limited, among others. These supplier relationships enable the Company to offer a broad range of specialised products and solutions to its customers.
FX Multitech has further expanded its capabilities through its subsidiary, Everestt Chillers Private Limited (ECPL), in which it acquired a 51% equity stake in January 2025. ECPL is engaged in the manufacture of customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers. The subsidiary's manufacturing capabilities complement FX Multitech's existing refrigeration product portfolio and strengthen its presence in customised industrial cooling solutions.
As of July 31, 2026, the Company had a workforce of approximately 48 employees deployed across various functions, including sales and marketing, dispatch and logistics, administration, finance, procurement, legal and compliance, technical support and other operational activities.
FX Multitech IPO Promoters
- Mr. Subhash Agarwal
- Mr. Selvaraj Rangaswamy
- Mrs. Anita Agarwal
- Mrs. Kanagalakshmi Selvaraj
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.84%
FX Multitech IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/pre-payment, in full or part, of certain borrowings availed by our Company
- Investment in our subsidiary namely Everestt Chillers Private Limited for purchase of machineries
- Funding of working capital requirements
- General corporate purposes
FX Multitech Limited Address / Contact Details
FX Multitech Ltd.
C-907
908 Titanium Square,
Thaltej Cross Road, Thaltej,
Ahmedabad, Gujarat, 380054
Tel No: 079-48925548
Email Id: compliance@fxmultitech.com
Website: https://www.fxmultitech.com/
IPO Snapshot
FX Multitech IPO Lot Size
The FX Multitech IPO has a lot size of 0 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
- Anchor Investors — 29.78%
- QIB — 20.09%
- NII — 15.07%
- RII — 35.06%
Book Running Lead Managers
- Oneview Corporate Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the FX Multitech IPO?
FX Multitech IPO is a Book-building IPO with a total issue size of ₹0 crore. The FX Multitech IPO price band is ₹0 to 0 per share. The FX Multitech IPO subscription opens on Mon, Sep 21, 2026, and closes on Mon, Sep 21, 2026. The FX Multitech IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the FX Multitech IPO.
When will the FX Multitech IPO open for subscription?
The FX Multitech IPO opens on Mon, Sep 21, 2026 and closes on Mon, Sep 21, 2026
What is FX Multitech IPO Price Band?
FX Multitech IPO Price Band is ₹0 to 0 per share.
What is FX Multitech IPO Lot Size?
FX Multitech IPO lot size is 0 shares, Retail investors need a minimum investment of ₹0 based on the upper price band
What is the minimum investment for FX Multitech IPO?
The minimum investment for FX Multitech IPO is ₹0, based on one lot of 0 shares at the upper price band of ₹0 per share.
How to apply for FX Multitech IPO?
Investors can apply for the FX Multitech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 21, 2026. The application amount remains blocked until the FX Multitech IPO allotment is finalized.
What is FX Multitech IPO Issue Size?
FX Multitech IPO issue size is ₹0 crores.
What is the FX Multitech IPO Allotment Date?
FX Multitech IPO allotment date is Thu, Sep 24, 2026.
Who is the FX Multitech IPO Registrar?
The registrar for FX Multitech IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check FX Multitech IPO allotment status, refund processing, and other IPO-related information.
Who is the FX Multitech IPO Lead Manager?
The book-running lead managers (BRLMs) for the FX Multitech IPO are Oneview Corporate Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the FX Multitech IPO Red Herring Prospectus (RHP).