FX Multitech IPO
FX Multitech opens for subscription on 21 Sept 2026 and closes on 23 Sept 2026, at a price band of ₹110 – ₹116 with a lot of 2400 shares. Listing is expected on 28 Sept 2026.
Updated 22 Oct 2026
Important dates
Opens
21 Sept 2026
Closes
23 Sept 2026
Allotment
24 Sept 2026
Listing
28 Sept 2026
IPO details
| Price band | ₹110 – ₹116 |
|---|---|
| Lot size | 2400 shares |
| Minimum investment | ₹2,78,400 |
| Issue size | ₹45.24 crore |
| Face value | ₹10 per share |
| Board | SME |
| Listing at | BSE SME |
| Retail quota | 35% |
| EPS | ₹10.92 |
| RoNW | 31.8% |
Grey market premium (GMP)
Last reported GMP: ₹6 (5.2%), an unofficial estimated listing price near ₹122 or about ₹14,400 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 17.72 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0× | 1.19× | 0.07× | 0.29× |
| Day 2 | 0.01× | 1.29× | 0.2× | 0.38× |
| Day 3 | 20.95× | 25.98× | 12.31× | 17.72× |
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 68.74 | 63.12 | 4.18 |
| FY25 | 102.34 | 89.42 | 9.64 |
| FY26 | 111.9 | 96.41 | 11.54 |
About FX Multitech
Since its foundation in March 2008, FX Multitech has mainly sold and distributed various types of products used in HVAC (Heating, Ventilation, and Air Conditioning) and industrial refrigeration industries. The firm provides a wide range of engineering and refrigeration products, including compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products.
FX Multitech sources its products from various global suppliers and has a diversified distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. Moreover, the firm is also exporting its products, trying to expand its presence in international markets.
Objects of the issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
- Investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries
- Funding of working capital requirements
- General corporate purposes
Allotment status and registrar
MUFG Intime India Pvt. Ltd. is the registrar. After 24 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 022-49186000 · fxmultitech.smeipo@in.mpms.mufg.com
Lead managers and offer documents
- Oneview Corporate Advisors Pvt. Ltd.
FX Multitech IPO: FAQs
When does the FX Multitech IPO open and close?
The FX Multitech IPO opens on 21 Sept 2026 and closes on 23 Sept 2026.
What is the FX Multitech IPO price band?
The price band is ₹110 – ₹116 per share (face value ₹10).
What is the FX Multitech IPO lot size?
One lot is 2400 shares, so the minimum investment is ₹2,78,400 at the upper price band.
When is the FX Multitech IPO allotment date?
Allotment is expected on 24 Sept 2026. Check the status on the registrar's site (MUFG Intime India Pvt. Ltd.) or the BSE/NSE allotment pages using your PAN.
When will FX Multitech shares list?
Listing is expected on 28 Sept 2026 on BSE SME.
What is the FX Multitech IPO GMP today?
The grey market premium was about ₹6 (5.2%) when this page was last updated, implying an unofficial estimated listing near ₹122. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.