FX Multitech IPO 2026: Price Band, Dates, Lot Size, GMP, Allotment and Listing Details

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FX Multitech Limited IPO
FX
FX Multitech Limited IPO
HVAC & Industrial Refrigeration Distribution · Compressors & Controls · Ahmedabad, Gujarat
📋 BSE SME IPO Fresh + OFS BSE SME
₹116
Upper Price
₹45.24 Cr
Issue Size
Sep 28, 2026
Listing Date
₹125.37 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Monday, 21 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 23 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 24 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 25 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 28 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date21 September 2026 (Mon)
IPO Close Date23 September 2026 (Wed)
Listing Date28 September 2026 (Mon)
Face Value₹10 per share
Price Band₹110 to ₹116
Issue Price (Upper Band)₹116 per share
Issue TypeBookbuilding IPO
Lot Size1,200 shares
Total Issue Size39,00,000 shares (₹45.24 Cr)
Fresh Issue35,52,000 shares (₹41.20 Cr)
Offer for Sale (OFS)3,48,000 shares (₹4.04 Cr)
Pre-Issue Shares1,08,07,600
Post-Issue Shares1,43,59,600
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹125.37 Cr
Listing ExchangeBSE SME
Lead ManagerOneview Corporate Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹116
Investor TypeLotsSharesAmount
Individual (Retail) — Min22,400₹2,78,400
Individual (Retail) — Max22,400₹2,78,400
S-HNI (sNII) — Min33,600₹4,17,600
S-HNI (sNII) — Max78,400₹9,74,400
B-HNI (bNII) — Min89,600₹11,13,600
⚠️ Note: Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereafter. Market Maker reservation comprises 1,96,800 shares allotted to Basan Equity Broking Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
49.87%
QIB Portion
35.06%
Retail Portion
15.07%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets73.0561.1232.66
Total Income111.90102.3468.74
PAT11.549.644.18
EBITDA17.2614.096.95
Net Worth37.8926.3516.71
Reserves & Surplus27.0815.5416.45
Total Borrowing18.4217.3211.24
Income Trend
FY 2023–24₹68.74 Cr
FY 2024–25₹102.34 Cr
FY 2025–26₹111.90 Cr
🎯 Key Performance Indicators
37.63%
ROE
Mar 31, 2026
0.49
Debt/Equity
Mar 31, 2026
28.93%
ROCE
Mar 31, 2026
9.60%
PAT Margin
Mar 31, 2026
15.35%
EBITDA Margin
Mar 31, 2026
31.80%
RoNW
Mar 31, 2026
3.29x
Price/Book
Mar 31, 2026
35.22
NAV
Mar 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹10.68
Based on pre-issue shares
P/E: 10.86x
Post-IPO EPS
₹8.04
Based on post-issue shares
P/E: 14.43x
Price to Book Value
3.29x
At upper price band ₹116
Market Cap (Pre-IPO)
₹125.37 Cr
At issue price ₹116
ℹ️ Pre-IPO EPS (₹10.68) is based on pre-issue shares (1,08,07,600) and applicable earnings. Post-IPO EPS (₹8.04) accounts for the dilution resulting from the issuance of 35,52,000 fresh equity shares extending the total post-issue equity to 1,43,59,600 shares. Post-IPO Market Cap expands to ₹166.57 Cr at the upper issue price of ₹116.
🎯 Objects of the Issue
Net proceeds utilisation
1
Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
₹10.00 Cr
2
Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries
₹6.26 Cr
3
Funding of Working Capital Requirements
₹14.83 Cr
4
General Corporate Purposes
Balance
Total Net Proceeds Goal ₹31.09 Cr
🏢 About FX Multitech Ltd.
Est. 2008 · Ahmedabad, Gujarat · HVAC & Refrigeration Distribution

FX Multitech Limited, incorporated in March 2008, is engaged in the distribution and export of a diverse portfolio of products catering primarily to the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. The Company offers a wide range of engineering and refrigeration products, including compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives, automation products, specialized components, heat exchangers, cold room evaporators, refrigerants, and ancillary products.

The business maintains a robust distribution footprint headquartered in Ahmedabad, Gujarat, supported by strategically located warehouses in Hyderabad, Thane, Kolkata, and Bangalore. In January 2025, FX Multitech acquired a 51% equity stake in Everestt Chillers Private Limited (ECPL), which manufactures customized industrial chillers, glycol chillers, chilled water air conditioners, and effluent chillers. As of July 31, 2026, the Company had a dedicated workforce of 48 personnel across sales, logistics, finance, purchase, and technical support functions.

Brand Ecosystem
❄️
HVAC & Refrigeration
Distributing compressors, cold room evaporators, controls, refrigerants, and automation products.
🏭
Everestt Chillers (ECPL)
Subsidiary manufacturing customized industrial, glycol, chilled water, and effluent chillers.
🏗️
Pan-India Warehousing
Warehouses in Hyderabad, Thane, Kolkata, and Bangalore ensuring rapid nationwide supply.
🌐
Global Supplier Alliances
Strategic distribution ties with Danfoss, Transfer Oil, Testo India, Refco, and Honeywell.
Competitive Strengths
🏆Long-standing, established procurement relationships with globally recognized equipment manufacturers.
⚙️Wide and resilient distribution footprint supported by multi-city regional warehousing and logistics.
📋Comprehensive product portfolio catering across commercial HVAC and heavy industrial refrigeration sectors.
📈Deep customer relationships fortified by hands-on engineering know-how, technical guidance, and after-sales support.
Company Promoters
SA
Subhash Agarwal & Anita Agarwal
Promoters, FX Multitech Ltd.
SR
Selvaraj Rangaswamy & Kanagalakshmi Selvaraj
Promoters, FX Multitech Ltd.
📅 Key Dates
IPO Opens21 Sep 2026
IPO Closes23 Sep 2026
Allotment24 Sep 2026
Refund & Share Credit25 Sep 2026
Listing Day28 Sep 2026
💡 Quick Summary
Price Band₹110 – ₹116
Upper Price₹116 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,78,400 (2 Lots)
Issue Size₹45.24 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Oneview Corporate Advisors Pvt.Ltd.
📍 Registered Address
FX Multitech Ltd.
C-907, 908 Titanium Square,
Thaltej Cross Road, Thaltej,
Ahmedabad, Gujarat — 380054
📞 079-48925548
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the FX Multitech IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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