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FX Multitech Ltd IPO

Listed SME BSE SME Bookbuilding IPO
Min Investment
₹2,78,400
1200 shares · 1 lot

FX Multitech Ltd IPO was priced at ₹110–₹116 per share with an issue size of ₹45 crore. The IPO opened on Sep 21, 2026 and closed on Sep 23, 2026, with a lot size of 1,200 shares and a minimum investment of ₹2,78,400.

Open
21 Sep
Close
23 Sep
Allotment
24 Sep
Refund
25 Sep
Listing
28 Sep

Market Sentiment

Grey Market Premium

Full history →
+₹3.00 +2.6%
Est. listing: ₹119
Updated 23 Sep 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹110.00 - ₹116.00 per share
Lot Size1200 shares
Min Investment₹2,78,400
Total Issue Size ₹45.00 crore
Shares Offered39,00,000
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)Oneview Corporate Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
Listing AtBSE SME

Quick Profit Calculator

Issue price ₹116 · lot size 1200 shares · estimated listing price ₹119 (GMP +₹3)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 1,200 ₹1,39,200 ₹1,42,800 +₹3,600
S-HNI (Min) 2 2,400 ₹2,78,400 ₹2,85,600 +₹7,200
S-HNI (UPI limit) 3 3,600 ₹4,17,600 ₹4,28,400 +₹10,800
S-HNI (Max) 7 8,400 ₹9,74,400 ₹9,99,600 +₹25,200
B-HNI (Min) 8 9,600 ₹11,13,600 ₹11,42,400 +₹28,800
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹10.68
P/E (Post)
14.43 x
RoNW
31.80%
RoCE
28.93%
Net Worth
₹37.89 Cr
MetricLatest Reported
Total Income₹111.90 Cr
Profit After Tax₹11.54 Cr
Net Worth₹37.89 Cr

Promoters & Holding

Promoters: Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj

Promoter Holding (Pre-Issue)100%
Promoter Holding (Post-Issue)72.84%

Strengths & Risks

Strengths

  • Strong relationships with global suppliers.
  • Wide and established distribution network.
  • Efficient operations and supply chain management.
  • Diversified product portfolio across multiple industries.
  • Strong customer relationships supported by technical expertise.

Risks & Concerns

  • Dependence on a limited number of suppliers for products.
  • Fluctuations in raw material prices.
  • Competition from other companies in the HVAC and refrigeration industry.
  • Economic downturns affecting customer demand.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

FX Multitech Limited is engaged in the distribution and export of a diverse portfolio of products catering primarily to the HVAC and industrial refrigeration industries.

Acquired 51% stake in Everestt Chillers Pvt.Ltd. in January 2025.

Founded2008-03-01
HeadquartersAhmedabad, Gujarat
IndustryConsumer Services
Websitehttps://www.fxmultitech.com/

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 Pvt.Ltd. for purchase of machineries
  • Funding of Working Capital Requirements
  • General Corporate Purposes

Registrar & Allotment

RegistrarMUFG Intime India Pvt.Ltd.
Phone022-49186000
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about FX Multitech Ltd IPO — dates, pricing, allotment and listing.

FX Multitech Ltd IPO is a bookbuilding ipo of ₹45 crore. The issue was priced at ₹110–₹116 per share, with a lot size of 1,200 shares. Bidding ran from Mon, 21 Sep 2026 to Wed, 23 Sep 2026, with shares listed on BSE SME.

The price band was ₹110–₹116 per share.

One lot was 1,200 shares. Bids had to be placed in multiples of 1,200.

A retail investor needed at least ₹2,78,400 – one lot of 1,200 shares at ₹116, the upper end of the price band.

FX Multitech Ltd IPO opened on Mon, 21 Sep 2026 and closed on Wed, 23 Sep 2026.

Allotment was finalised on Thu, 24 Sep 2026.

FX Multitech Ltd shares were listed on Mon, 28 Sep 2026 on BSE SME.

The company intended to use the net proceeds towards repayment/pre-payment, in full or part, of certain borrowings availed by the company, investment in the subsidiary namely everestt chillers pvt.ltd. for purchase of machineries, funding of working capital requirements and general corporate purposes.

Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager. MUFG Intime India Pvt.Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the FX Multitech Ltd IPO subscription page, and on the BSE and NSE websites.

From Thu, 24 Sep 2026, check the FX Multitech Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.