FX Multitech 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.
IPO GMP
+₹6
+5% expected gain
Price Band
₹110 - ₹116
Lot Size
2400 shares
Min Investment
₹2,78,400
Listing Date
September 28, 2026
About FX Multitech
Company overview, business, and key facts.
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.
Founded
2008
Headquarters
Ahmedabad, Gujarat
Promoters
Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj
Website
https://www.fxmultitech.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
FX Multitech IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹166.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
14.4x
Price to sales
1.49x
Revenue growth, 2026
+9.3%
27.6% a year over the period
Profit growth, 2026
+19.7%
66.2% a year over the period
Profit margin (PAT)
10.3%
EBITDA margin 15.35%
ROE / ROCE
37.63% / 28.93%
As published in the offer document
Promoter holding
100% → 72.84%
Before → after the IPO
Issue mix
91.1% fresh / 8.9% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹14,400
2400 shares on ₹2,78,400. GMP is unofficial.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of FX Multitech's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
FX Multitech IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, FX Multitech IPO is trading at a grey market premium (GMP) of +₹6 (+5% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 15.95x overall — QIB: 20.95x, NII: 19.38x, Retail: 11.09x.
FX Multitech IPO subscription has closed. The shares are expected to list on September 28, 2026.
The minimum investment required is ₹2,78,400 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
FX Multitech IPO — Frequently Asked Questions
What is FX Multitech IPO GMP today?
FX Multitech IPO GMP (grey market premium) today is +₹6, suggesting an estimated listing gain of +5%. GMP is indicative and subject to change.
What is the price band of FX Multitech IPO?
The price band for FX Multitech IPO is ₹110 - ₹116 with a lot size of 2400 shares. The minimum investment required is ₹2,78,400.
When is FX Multitech IPO allotment date?
FX Multitech IPO allotment is expected to be finalised on September 24, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will FX Multitech IPO list on NSE/BSE?
FX Multitech IPO is expected to list on BSE SME on September 28, 2026.
How to check FX Multitech IPO allotment status?
To check FX Multitech IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for FX Multitech IPO?
FX Multitech IPO has a GMP of +₹6. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of FX Multitech IPO?
The lot size for FX Multitech IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,78,400. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.