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FX Multitech IPO Latest News: GMP, Day 1 Subscription and K
FX Multitech IPO opened for subscription on September 21, 2026, and will close on Septembe...
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FX Multitech IPO
FX Multitech IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹6
+5.2%
Est. Listing: ₹122.00
Price Band
₹110 - ₹116
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,78,400
Issue Size
₹45.24 Cr
Fresh: ₹41.2 Cr
Issue Dates
20 September 2026 – 22 September 2026
Bidding period
Subscription
16.54x
Total overall demand
FX Multitech IPO Details
Key facts at a glance| IPO Open Date | 20 September 2026 | IPO Close Date | 22 September 2026 |
|---|---|---|---|
| Basis of Allotment | 23 September 2026 | Listing Date | 27 September 2026 |
| Price Band | ₹110 - ₹116 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,78,400 |
| Total Issue Size | ₹45.24 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹41.2 Cr | Offer for Sale (OFS) | ₹4.04 Cr |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
FX Multitech IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 20 September 2026 | Confirmed |
| IPO Close Date | 22 September 2026 | Confirmed |
| Basis of Allotment | 23 September 2026 | Tentative |
| Initiation of Refunds | 25 September 2026 | Tentative |
| Credit of Shares to Demat | 25 September 2026 | Tentative |
| IPO Listing Date | 27 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 23 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
FX Multitech IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,78,400 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,78,400 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹4,17,600 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,74,400 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹11,13,600 |
FX Multitech IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹6 +5.2%
Estimated Listing Price
₹122.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 26 Sept 2026 | ₹6 | ₹122.00 | +5.17% |
| 24 Sept 2026 | ₹4 | ₹120.00 | +3.45% |
| 23 Sept 2026 | ₹0 | ₹116.00 | +0.00% |
| 18 Sept 2026 | ₹0 | ₹116.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
FX Multitech IPO Subscription Status
Demand breakdown by investor category
Retail
12.31x
QIB
20.95x
NII / HNI
19.47x
Total
16.54x
FX Multitech Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 32.66 Cr. | 68.74 Cr. | 63.12 Cr. | 4.18 Cr. |
| 2025 | 61.12 Cr. | 102.34 Cr. | 89.42 Cr. | 9.64 Cr. |
| 2026 | 73.05 Cr. | 111.90 Cr. | 96.41 Cr. | 11.54 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
FX Multitech IPO Valuation & KPIs
Key metrics pre-issue
EPS
10.92 (Basic)
P/E Ratio
N/A
RoNW
31.80%
NAV per share
₹35.22
RoCE
28.93%
RoE
37.63%
Debt to Equity
–
PAT Margin
9.60%
EBITDA Margin
15.35%
About FX Multitech
FX Multitech Limited is an engineering product distribution company operating primarily in the heating, ventilation, air conditioning, and industrial refrigeration sector. The company procures its entire product range from third-party manufacturers, relying heavily on a single primary supplier for a major portion of its purchases, and distributes these products across key regional markets. Additionally, it provides technical support, product handling, and associated services through established logistics networks. FX Multitech holds a 51% controlling equity stake in Everestt Chillers Private Limited, an in-house manufacturing subsidiary based in Coimbatore, Tamil Nadu, that produces customized industrial chillers, glycol chillers, chilled-water air conditioners, and effluent chillers. Its revenue is primarily generated through product sales, distribution commissions, and technical service delivery within the industrial refrigeration and engineering components segment.
Key Strengths
- Key distributor partnerships with leading global HVAC equipment manufacturers.
- Forward integration via 51% controlling stake in manufacturing subsidiary Everestt Chillers.
- Diverse range of HVAC and industrial refrigeration product offerings.
- Strong customer footprint across key industrial states in India.
- Experienced promoter and key managerial leadership in engineering distribution.
Key Risks
- High supplier concentration with over 70% of purchases from a single supplier.
- Absence of long-term contracts, relying primarily on spot purchase orders.
- Geographical concentration with major revenues coming from the top three states.
- Instances of past procedural lapses and delayed statutory corporate filings.
- Substantial working capital requirements alongside recent negative operating cash flows.
FX Multitech IPO Reservation & Share Quotas
The FX Multitech IPO reservation is divided across anchor investors, qualified institutional buyers, non-institutional investors and retail investors. The category-wise share allocation and percentage of shares offered are shown below.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 11,02,800 Shares | 28.28% |
| QIB (Ex. Anchor) | 7,44,000 Shares | 19.08% |
| NII Shares Offered | 5,58,000 Shares | 14.31% |
| Retail Shares Offered | 12,98,400 Shares | 33.29% |
Note: The reservation figures are based on the IPO information provided for FX Multitech.
FX Multitech IPO Anchor Investors
FX Multitech IPO anchor investor details provide the key information on the anchor bidding date, shares reserved for anchor investors, and the applicable lock-in period. The anchor portion of 11,02,800 shares is scheduled for bidding on August 18, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 18, 2026 |
| Shares Offered | 11,02,800 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor investor allocation and lock-in details are based on the supplied FX Multitech IPO information.
FX Multitech IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 21 Sept 2026 |
| IPO Close Date | 23 Sept 2026 |
| Basis of Allotment | 24 Sept 2026 |
| Refunds | 25 Sept 2026 |
| Credit to Demat Account | 25 Sept 2026 |
| IPO Listing Date | 28 Sept 2026 |
Note: The timeline for एफएक्स मल्टीटेक IPO is tentative and subject to change.
FX Multitech Promoters and Shareholding Pattern
The promoters of FX Multitech are Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal and Kanagalakshmi Selvaraj. The holding pattern below shows the shareholding of the promoter and promoter group before the IPO and the expected ownership structure after the issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,08,07,600 | 100% | 10,459,600 | 72.84% |
| Others* | – | -% | 3,900,000 | 27.16% |
| Total | 1,08,07,600 | 100% | 14,359,600 | 100% |
Note: The holding pattern is based on the supplied FX Multitech IPO shareholding data.
FX Multitech Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 10 (24.27%) |
| Investment in the subsidiary Everestt Chillers Pvt. Ltd. | 6.26 (15.19%) |
| Funding working capital requirements | 14.83 (35.99%) |
| General corporate purposes | 10.11 (24.55%) |
Note: Objectives are as specified in the DRHP/RHP documents of एफएक्स मल्टीटेक.
FX Multitech About the IPO
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.
FX Multitech Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 68.74 Cr. | 63.12 Cr. | 4.18 Cr. | 32.66 Cr. |
| 2025 | 102.34 Cr. | 89.42 Cr. | 9.64 Cr. | 61.12 Cr. |
| 2026 | 111.90 Cr. | 96.41 Cr. | 11.54 Cr. | 73.05 Cr. |
Note: Financial numbers for एफएक्स मल्टीटेक are in ₹ Crores unless stated otherwise.
FX Multitech Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 37.63% |
| ROCE | 28.93% |
| EBITDA Margin | 15.35% |
| PAT Margin | 9.60% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | 10.92 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 31.80% |
| Net Asset Value (NAV) | 35.22 |
Note: Valuation KPIs for एफएक्स मल्टीटेक are computed for FY2026.
FX Multitech Peer Group Comparison
To Be Updated Soon
FX Multitech Lead Managers & Merchant Bankers
- Oneview Corporate Advisors Pvt. Ltd.
FX Multitech IPO FAQs
FX Multitech IPO opens for subscription on 20 September 2026 and closes on 22 September 2026.
The price band for FX Multitech IPO is set at ₹110.00 to ₹116.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,78,400).
The latest Grey Market Premium (GMP) for FX Multitech IPO is ₹6. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for FX Multitech IPO is tentatively scheduled for 23 September 2026, and shares are expected to list on the stock exchanges on 27 September 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for FX Multitech IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.
FX Multitech IPO Analysis & Articles
