FX Multitech IPO Latest News
The FX Multitech IPO has opened for public subscription today, September 21, 2026, and will remain open until September 23. The company is raising around ₹45.24 crore through a book-built SME public issue, with its shares proposed to be listed on the BSE SME platform.
The IPO price band has been fixed at ₹110 to ₹116 per share. The issue consists of a fresh issue and an offer for sale, giving investors exposure to the company's engineering-product distribution and export business.
FX Multitech IPO Important Details
| Particular | Details |
|---|---|
| IPO | FX Multitech IPO |
| Open Date | 21 Sep 2026 |
| Close Date | 23 Sep 2026 |
| Price Band | ₹110–₹116 |
| Issue Size | ₹45.24 Crore |
| Fresh Issue | ₹41.20 Crore |
| OFS | ₹4.04 Crore |
| Lot Size | 1,200 Shares |
| Retail Minimum | 2,400 Shares |
| Retail Investment | ₹2.78 Lakh |
| Exchange | BSE SME |
| Allotment | 24 Sep 2026 |
| Listing Date | 28 Sep 2026 |
The minimum retail application is 2,400 shares, requiring ₹2.78 lakh at the upper price band. The issue comprises up to 35.52 lakh fresh shares and 3.48 lakh shares offered for sale.
FX Multitech IPO Subscription Status Today
The IPO has opened today, and the available subscription tracker currently shows no recorded bids yet. Category-wise subscription numbers for QIB, NII and retail investors are expected to update as bidding progresses during the day.
The issue will close on September 23, so the final subscription level will depend on demand received during all three bidding days.
FX Multitech IPO GMP Today
As of September 21, 2026, the latest IPO Watch update shows that FX Multitech IPO GMP has not started in the grey market.
Therefore, there is currently no reliable GMP figure to report. GMP is an unofficial market indicator and can change during the IPO period, so any later grey-market quote should be treated only as an indicative market signal.
About FX Multitech
FX Multitech Limited is based in Ahmedabad and operates as a distributor and exporter of engineering products, primarily serving the heating, ventilation, air-conditioning (HVAC) and industrial refrigeration industries.
The company supplies components and products used in refrigeration and air-conditioning systems. Its business model combines product distribution with exports, allowing it to serve customers in domestic and international markets.
FX Multitech Business Model
The company operates mainly as an engineering-product distributor rather than a traditional large-scale manufacturer. Its products cater to industries where HVAC and industrial refrigeration equipment are required.
FX Multitech also has a subsidiary, Everestt Chillers Private Limited, and part of the IPO proceeds is planned to be invested in the subsidiary for machinery purchases.
The company's business performance is therefore linked to demand from HVAC, refrigeration, engineering and related industrial sectors.
FX Multitech IPO Financial Performance
FX Multitech has reported growth in its recent financial results.
| Particular | FY2025 | FY2026 |
|---|---|---|
| Sales | ₹102.01 Crore | ₹126.14 Crore |
| Total Income | ₹102.45 Crore | ₹126.41 Crore |
| EBITDA | ₹14.30 Crore | ₹19.54 Crore |
| PAT | ₹9.55 Crore | ₹11.80 Crore |
According to the latest financial data, total income increased from ₹102.45 crore in FY2025 to ₹126.41 crore in FY2026, while reported PAT rose from ₹9.55 crore to ₹11.80 crore.
The financial performance will remain an important factor to track as investors assess the company's valuation at the IPO price band.
Use of FX Multitech IPO Funds
The fresh issue proceeds are planned for several business requirements.
| Particular | Proposed Use |
|---|---|
| Debt repayment | ₹10 Crore |
| Everestt Chillers machinery | ₹6.26 Crore |
| Working capital | ₹14.83 Crore |
| General corporate purposes | Balance amount |
A significant portion of the proceeds is therefore directed toward working capital, while the company also plans to reduce borrowings and invest in machinery at its subsidiary.
FX Multitech IPO Business Outlook
The HVAC and industrial refrigeration market is supported by demand from commercial buildings, industrial facilities, cold-chain infrastructure, manufacturing and other applications requiring temperature-control systems.
For FX Multitech, future performance will depend on the growth of these end markets, its distribution network, export activity, customer relationships and its ability to manage working capital efficiently.
The planned investment in Everestt Chillers is another area investors can monitor as the company seeks to expand its product and engineering capabilities.
Key Risks to Watch
Investors tracking FX Multitech IPO should consider several business factors, including:
- Dependence on demand from HVAC and refrigeration industries
- Working-capital requirements
- Raw-material and product-cost movements
- Competition in the engineering-product distribution market
- Execution of planned subsidiary investments
- Dependence on customer and supplier relationships
- SME-market liquidity and post-listing price volatility
The company is also using a substantial portion of the fresh issue for working capital, making efficient management of receivables, inventory and cash flows important for future operations.
FX Multitech IPO Allotment and Listing
The basis of allotment is expected to be finalised on September 24, 2026. Refunds and credit of shares are scheduled for September 25.
The shares are expected to be listed on the BSE SME platform on September 28, 2026.
FX Multitech IPO Latest Update
As of September 21, 2026, FX Multitech IPO has officially opened for subscription at ₹110–₹116 per share. The company is raising approximately ₹45.24 crore, including a ₹41.20 crore fresh issue and around ₹4.04 crore offer for sale.
The company has reported growth in FY2026 revenue and profit, while IPO proceeds will be used for debt repayment, investment in subsidiary machinery, working capital and general corporate purposes.
The IPO will remain open until September 23, with subscription figures and any developments in the grey market expected to provide the next important updates for investors.
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