FX Multitech IPO: dates, price band, lot size and GMP
FX Multitech IPO listed on 28 Sep at ₹123 (BSE SME). Issue dates 21 – 23 Sep 2026, price band ₹110 – ₹116, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: FX Multitech listed on 28 Sep 2026 on BSE SME at ₹123.05, +₹7.05 (+6.1%) against the ₹116 upper band. FX Multitech IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the FX Multitech IPO has a price band of ₹110 – ₹116, a lot of 1,200 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 21 – 23 Sep 2026 |
| Price band | ₹110 – ₹116 |
| Lot size | 1,200 shares |
| Issue size | ₹45.24 Cr |
| Fresh issue | ₹38.92 Cr |
| Offer for sale | ₹4.04 Cr |
| Subscription | 17.72x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Oneview Corporate Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 21 Sep
- Issue closes: 23 Sep
- Allotment: 24 Sep
- Refunds: 25 Sep
- Demat credit: 25 Sep
- Listing: 28 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 20.95x |
| NII | 25.98x |
| sNII | 18.21x |
| bNII | 29.94x |
| Retail | 12.31x |
| Total | 17.72x |
Last updated 23 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹166.57 Cr |
| P/E (pre-issue) | 10.86x |
| P/E (post-issue) | 14.43x |
| Fresh issue (shares) | 33,55,200 |
| Offer for sale (shares) | 3,48,000 |
| Total shares offered | 37,03,200 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 72.84% |
| Promoters | Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj |
| Lead managers | Oneview Corporate Advisors Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | fxmultitech.smeipo@in.mpms.mufg.com |
| Company website | fxmultitech.com |
| Anchor bid date | 18 Sep 2026 |
| Anchor lock-in ends (50%) | 23 Oct 2026 |
| Anchor lock-in ends (remaining) | 23 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,78,400 |
| Retail (maximum) | 2 | 2,400 | ₹2,78,400 |
| sNII (minimum) | 3 | 3,600 | ₹2,78,400 |
| bNII (minimum) | 3 | 3,600 | ₹11,13,600 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.8% | 11,02,800 | |
| QIB | 20.1% | 7,44,000 | Not more than 50% of the Net Offer |
| NII (HNI) | 15.1% | 5,58,000 | Not less than 15% of the Net Offer |
| sNII | 5% | 1,86,000 | |
| bNII | 10% | 3,71,200 | |
| Retail | 35.1% | 12,98,400 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 1,96,800 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 21 Sep | 0.00x | 1.19x | 0.12x | 1.74x | 0.07x | 0.29x |
| Day 2 · 22 Sep | 0.01x | 1.29x | 0.35x | 1.77x | 0.20x | 0.38x |
| Day 3 · 23 Sep | 20.95x | 25.98x | 18.21x | 29.94x | 12.31x | 17.72x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹10.68 |
|---|---|
| EPS (post-issue) | ₹8.04 |
| P/E (pre-issue) | 10.86x |
| P/E (post-issue) | 14.43x |
| RoNW | 31.8% |
| RoCE | 28.93% |
| RoE | 37.63% |
| PAT margin | 9.6% |
| EBITDA margin | 15.35% |
| Price / book | 3.29x |
| NAV per share | ₹35.22 |
| Debt / equity | 0.49 |
| Market cap (upper band) | ₹166.57 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 73.05 | 61.12 | 32.66 | +19.5% |
| Total Income | 111.9 | 102.34 | 68.74 | +9.3% |
| Profit After Tax | 11.54 | 9.64 | 4.18 | +19.7% |
| EBITDA | 19.37 | 14.17 | 6.95 | +36.7% |
| NET Worth | 37.89 | 26.35 | 16.71 | +43.8% |
| Reserves and Surplus | 27.08 | 15.54 | 16.45 | +74.3% |
| Total Borrowing | 18.42 | 17.32 | 11.24 | +6.4% |
About FX Multitech
Incorporated in 2008, FX Multitech Limited is engaged in the distribution and export of a diverse portfolio of products, primarily catering to the HVAC (Heating, Ventilation, and Air Conditioning) and Industrial Refrigeration Industry.
The company in the manufacturing and trading sector, focusing on delivering specialized products and solutions tailored to industrial, commercial, and infrastructure-related customer requirements.
As a distributor, the company source and supply technologically advanced products from globally recognized manufacturers, ensuring that the customers receive the best solutions for their specific requirements.
The company emphasizes quality control, efficient production processes, and timely delivery, catering to diverse client needs while maintaining compliance with industry standards and evolving market expectations.
FX Multitech Limited aims to strengthen its market presence through operational efficiency, product diversification, and long-term customer relationships, supporting sustainable growth in competitive domestic and international markets.
Product Portfolio:
Objects of the issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by the Company — ₹10 Cr
- Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries — ₹6.26 Cr
- Funding of Working Capital Requirements — ₹14.83 Cr
- General Corporate Purposes — ₹6 Cr
- Issue Expense — ₹4.52 Cr
Net proceeds: ₹41.61 Cr
Strengths (per the offer document)
- Relationship with global supplier — Our Company has established cordial relationships with our suppliers across Europe and Asia in the HVAC and Industrial Refrigeration Industry.
- Wide and Established Distribution Network — The Company has developed a wide and established distribution network across multiple states in India, through our strategically located warehouses, supported by streamlined logistics operations,…
- Diversified product portfolio across multiple Industries — Our Company offers a diversified products portfolio spanning HVAC, refrigeration, automation, electrical components, and industrial accessories.
- Customer relationships led by Technical Expertise — We have established a long-standing and trusted relationships with a diverse range of customers.
- Efficient Operations and Supply Chain Management — We have established an efficient procurement and supply chain framework supported by vendor relationships, multi-location warehousing, and structured logistics.
- Experienced management team — Our Company is led by an experienced leadership team comprising its Promoters, Mr.
Risk factors (as disclosed by the company)
- Our Company is highly dependent on a single supplier for a significant portion of its purchases — Our Company is highly dependent on a limited number of suppliers, including a single supplier, for a significant portion of its purchases.
- Our revenue from operations has varied in recent periods, and we may be unable to sustain or manage our growth — Our revenue from operations was Rs.
- We do not have any long-term agreements with any of our customers — and financial conditions may be adversely affected.
- Our inability to collect receivables from our customers, or any default in payment by them, could adversely affect our profitability, cash flows — In the ordinary course of our business, we extend credit to our customers for certain periods in respect of the sale of our products.
- Any delays or cost escalations in the proposed purchase of plant and machinery for our subsidiary could affect — the implementation schedule and deployment of the Net Proceeds.
- We have contingent liabilities that have not been provided for in our Company's financials which if materialized — As of the financial year ended March 31, 2026, we had ₹ 4.23 Lakhs of contingent liabilities that had not been provided for.
- Certain procedural lapses occurred in relation to past allotments of equity shares by the Company — relation to such matters may adversely affect the Company.
- There are certain discrepancies and non-compliances noticed in some of our corporate records relating to forms filed with the Registrar of Companies — taken by any regulatory authorities in future for non- compliance with provisions of all applicable law could impact on the financial position of the Company to that extent.
From the RHP (strengths pages 160–161, risk factors pages 30–35). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- FX Multitech IPO listing day: listed at ₹123.05 (+6.1% vs the upper band), 28 Sep 2026
- FX Multitech IPO GMP today and trend
- FX Multitech IPO subscription status, day by day
- FX Multitech IPO allotment status and how to check
Frequently asked questions
When does the FX Multitech IPO open and close?
The issue is scheduled for 21 – 23 Sep 2026.
What is the FX Multitech IPO price band?
The price band is ₹110 – ₹116 per share with a lot size of 1,200 shares.
How big is the FX Multitech IPO?
The total issue size is ₹45.24 Cr, of which ₹38.92 Cr is a fresh issue and ₹4.04 Cr an offer for sale.
When will FX Multitech list?
The tentative listing date is 28 Sep on the SME platform.
How do I apply for the FX Multitech IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), FX Multitech · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), FX Multitech · as filed · bseindia.com
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 24 Sep · in.mpms.mufg.com
- BSE SME issues page · listing 28 Sep · bsesme.com
- FX Multitech company website · fxmultitech.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 28 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “FX Multitech IPO”, https://buyunlistedshares.com/ipo/fx-multitech-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
Our notes on this IPO
- Read our note: FX Multitech IPO: Dates, Price Band, Allotment and Listing
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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