FX Multitech IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
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FX Multitech IPO GMP & Subscription Status Today
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.
- Price Band
- ₹110.00 - ₹116.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 23 Sept 2026
- Listing Date
- 28 Sept 2026
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
18 Sept 2026
Listing Price
Est. ₹116
Retail Entry
₹2,78,400
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹110.00 - ₹116.00 |
| Issue Price | Approx ₹45.24 Crores |
| Listing Price | Est. ₹116 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 28 Sept 2026 |
| Minimum Investment | ₹2,78,400 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, FX Multitech is priced at ₹116 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,78,400 to participate in this SME issue.
The latest recorded Grey Market Premium for FX Multitech stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
Among the strengths highlighted in FX Multitech's IPO documents: Key distributor partnerships with leading global HVAC equipment manufacturers.; Forward integration via 51% controlling stake in manufacturing subsidiary Everestt Chillers..
Investors should also weigh the risk factors FX Multitech has disclosed, including: High supplier concentration with over 70% of purchases from a single supplier..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
21 Sept 2026
02
Bidding Closes
23 Sept 2026
03
Allotment Next
24 Sept 2026
04
Listing
28 Sept 2026
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,78,400 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,78,400 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹4,17,600 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹9,74,400 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹11,13,600 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
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.
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.
Analysis
FX Multitech IPO Details
FX Multitech IPO is a book build issue proposed to be listed on the BSE SME platform. The offering includes both a fresh issue and an offer for sale, with the price band, issue size and other important IPO details provided below.
| Particular | Details |
|---|---|
| IPO Open Date | September 21, 2026 |
| IPO Close Date | September 23, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹110 to ₹116 Per Share |
| Issue Size | Approx ₹45.24 Crores |
| Fresh Issue | Approx ₹41.20 Crores |
| Offer for Sale | Approx 3,48,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The IPO details above are based on the information provided for FX Multitech.
Analysis
FX Multitech IPO Reservation
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.
Analysis
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.
Analysis
FX Multitech IPO Dates
The FX Multitech IPO is scheduled to open on September 21, 2026, and close on September 23, 2026. Investors can expect the basis of allotment to be finalized on September 24, followed by refunds and credit of shares to demat accounts on September 25. The IPO is scheduled to list on September 28, 2026.
| Particular | Details |
|---|---|
| IPO Open Date | September 21, 2026 |
| IPO Close Date | September 23, 2026 |
| Basis of Allotment | September 24, 2026 |
| Refunds | September 25, 2026 |
| Credit to Demat Account | September 25, 2026 |
| IPO Listing Date | September 28, 2026 |
Note: IPO dates are based on the supplied FX Multitech IPO schedule and may be subject to changes announced by the company or exchange.
Analysis
FX Multitech IPO Promoters and Holding 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.
Analysis
FX Multitech IPO Objects of the Issue & Utilisation of Proceeds
The proceeds raised through the FX Multitech IPO are proposed to be used for multiple business requirements, including repayment or pre-payment of borrowings, investment in its subsidiary Everestt Chillers Private Limited for machinery purchases, and meeting working capital needs.
| Purpose | Crores |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | ₹10.00 |
| Investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries | ₹6.26 |
| Funding of working capital requirements | ₹14.83 |
| General corporate purposes | ₹- |
Note: The utilisation of IPO proceeds is based on the supplied FX Multitech IPO information.
Analysis
FX Multitech About 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.
Analysis
FX Multitech IPO Company Financials
FX Multitech's financial performance shows the company's revenue, expenses, profit after tax and asset position across the three financial years. The figures below provide a concise view of the company's financial position from 2024 to 2026.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹68.74 | ₹63.12 | ₹4.18 | ₹32.66 |
| 2025 | ₹102.34 | ₹89.42 | ₹9.64 | ₹61.12 |
| 2026 | ₹111.90 | ₹96.41 | ₹11.54 | ₹73.05 |
Note: Amounts are in ₹ Crores. The financial figures are based on the supplied FX Multitech IPO information.
Analysis
FX Multitech IPO Company Valuation – FY2026
FX Multitech IPO valuation metrics highlight key profitability and return indicators for FY2026. The table covers earnings per share, profitability margins, return ratios, capital efficiency, valuation multiples and the company's net asset value.
| 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 | N/A |
| Return on Net Worth (RoNW) | 31.80% |
| Net Asset Value (NAV) | ₹35.22 |
Note: Valuation figures are for FY2026 and are based on the supplied FX Multitech IPO information.
Analysis
FX Multitech IPO Peer Group Comparison
- There are no listed companies in India.
Analysis
FX Multitech IPO Lead Managers aka Merchant Bankers
- Oneview Corporate Advisors Pvt. Ltd.
FAQ
FX Multitech IPO FAQs
FX Multitech IPO price band is Rs 110.00 to Rs 116.00. Check the latest issue price, lot size and GMP together before applying.
FX Multitech IPO open date is 21 Sept 2026, close date is 23 Sept 2026, and listing date is 28 Sept 2026.
FX Multitech IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,78,400.
FX Multitech is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
FX Multitech IPO subscription status currently shows Subscription data is currently awaited.
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.
FX Multitech IPO issue size is 45.24 and the expected allotment date is 24 Sept 2026.
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