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Opens
21 Sept 2026
Closes
23 Sept 2026
Allotment
24 Sept 2026
Listing
28 Sept 2026
At a glance
IPO Open Mon, Sep 21, 2026 IPO Close Wed, Sep 23, 2026 Price Band To be declared Market Cap To be declared IPO Details IPO Date 21 to 23 Sep, 2026 Listing Date Mon, Sep 28, 2026 T Face Value ₹ 10 per share Price Band Sale Type Fresh capital cum OFS Issue Type Bookbuilding IPO Listing At BSE SME Total Issue Size 39,00,000 shares (agg. up to ₹ [.] Cr) Reserved for Market Maker 1,96,800 shares (agg. up to ₹ [.] Cr) Basan Equity Broking Ltd. Fresh Issue (Ex Market Maker) 33,55,200 shares (agg. up to ₹ [.] Cr) Offer for Sale 3,48,000 shares of ₹ 10 (agg. up to ₹ [.] Cr) Net Offered to Public 37,03,200 shares (agg. up to ₹ [.] Cr) Share Holding Pre Issue 1,08,07,600 shares Share Holding Post Issue 1,43,59,600 shares IPO Timetable (Tentative) IPO Open Mon, Sep 21, 2026 IPO Close Wed, Sep 23, 2026 Allotment Thu, Sep 24, 2026 Refund Fri, Sep 25, 2026 Credit of Shares Fri, Sep 25, 2026 Listing Mon, Sep 28, 2026 IPOs Timetable Issue Reservation FX Multitech IPO comprises a total issue size of 39,00,000 shares. The net offer to the public is 37,03,200 shares, after excluding 1,96,800 shares allotted on a firm basis. Of the Net offer 18,46,800 (49.87%) are allocated to QIB , 5,58,000 (15.07%) allocated to NII 12,98,400 (35.06%) allocated to RII . Investor Category Shares % of Net Issue % of Total Issue QIB 18,46,800 49.87% 47.35% − Anchor Investor 11,02,800 28.28% − QIB (Ex. Anchor) 7,44,000 19.08% NII (HNI) 5,58,000 15.07% 14.31% − bNII > ₹10L 3,72,000 9.54% − sNII 1,86,000 4.77% Retail 12,98,400 35.06% 33.29% Firm Reservations Market Maker 1,96,800 5.05% Total 39,00,000 100.00% 100.00% About FX Multitech Ltd. Updated on Sep 14, 2026 Incorporated in March 2008, FX Multitech Limited 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 and automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. It sources products from globally recognized manufacturers and supplies technologically advanced, reliable, energy-efficient and cost-effective solutions for industrial and commercial applications.
FX Multitech has a diversified distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. This multi-city presence enables the Company to serve customers across India with timely product delivery, technical support and after-sales service. The Company also exports its products, expanding its presence in international markets.
Overview
FX Multitech IPO is a book build issue of 39.00 lakh shares. The issue is a combination of fresh issue of 35.52 lakh shares and offer for sale of 3.48 lakh shares.
FX Multitech IPO opens for subscription on Sep 21, 2026 and closes on Sep 23, 2026. The allotment for the FX Multitech IPO is expected to be finalized on Sep 24, 2026. FX Multitech IPO will list on the BSE SME with a tentative listing date fixed as Sep 28, 2026.
FX Multitech IPO is set issue price band at [.] to [.] per share.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Basan Equity Broking Ltd.
Refer to FX Multitech IPO RHP for detailed Information.
Issue details
IPO Date
21 to 23 Sep, 2026
Listing Date
Mon, Sep 28, 2026T
Face Value
₹10 per share
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Issue reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 18,46,800 | 49.87% | 47.35% |
| − Anchor Investor | 11,02,800 | 28.28% | |
| − QIB (Ex. Anchor) | 7,44,000 | 19.08% | |
| NII (HNI) | 5,58,000 | 15.07% | 14.31% |
| − bNII > ₹10L | 3,72,000 | 9.54% | |
| − sNII < ₹10L | 1,86,000 | 4.77% | |
| Retail | 12,98,400 | 35.06% | 33.29% |
| Firm Reservations | |||
| Market Maker | 1,96,800 | 5.05% | |
| Total | 39,00,000 | 100.00% | 100.00% |
About the company
Incorporated in March 2008, FX Multitech Limited 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 and automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. It sources products from globally recognized manufacturers and supplies technologically advanced, reliable, energy-efficient and cost-effective solutions for industrial and commercial applications.
FX Multitech has a diversified distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. This multi-city presence enables the Company to serve customers across India with timely product delivery, technical support and after-sales service. The Company also exports its products, expanding its presence in international markets.
The Company has established relationships with global suppliers, including Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd., KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools and Honeywell Automation India Limited, among others.
The Company also has a subsidiary, Everestt Chillers Private Limited (ECPL), in which it acquired a 51% equity stake in January 2025. ECPL manufactures customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers, complementing FX Multitech’s existing refrigeration product portfolio.
As of July 31, 2026, the Company had a workforce of 48 personnel across sales and marketing, dispatch and logistics, administration, finance, purchase, legal and compliance, technical support and other functions.
- Strong relationships with global suppliers.
- Wide and established distribution network.
- Efficient operations and supply chain management.
- Diversified product portfolio across multiple industries.
- Strong customer relationships supported by technical expertise.
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 73.05 | 61.12 | 32.66 |
| Total Income | 111.90 | 102.34 | 68.74 |
| Profit After Tax | 11.54 | 9.64 | 4.18 |
| EBITDA | 17.26 | 14.09 | 6.95 |
| NET Worth | 37.89 | 26.35 | 16.71 |
| Reserves and Surplus | 27.08 | 15.54 | 16.45 |
| Total Borrowing | 18.42 | 17.32 | 11.24 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 37.63% |
| ROCE | 28.93% |
| RoNW | 31.80% |
| PAT Margin | 9.60% |
| EBITDA Margin | 15.35% |
| NAV | 35.22 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
10.68
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72.84% |
| Public | 27.16% | |
| Total | 100% | 100% |
Intermediaries
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager(s)
Oneview Corporate Advisors Pvt.Ltd.
FAQs
How to apply in FX Multitech IPO through Zerodha?+
Zerodha customers can apply online in FX Multitech IPO using UPI as a payment gateway. Zerodha customers can apply in FX Multitech IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in FX Multitech IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' FX Multitech IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When FX Multitech IPO will open?+
The FX Multitech IPO opens on Mon, Sep 21, 2026 and closes on Wed, Sep 23, 2026.
What is the lot size of FX Multitech IPO?+
FX Multitech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
How to apply for FX Multitech IPO?+
You can apply in FX Multitech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is FX Multitech IPO allotment?+
The finalization of Basis of Allotment for FX Multitech IPO will be done on Thursday, September 24, 2026 , and the allotted shares will be credited to your demat account by Fri, Sep 25, 2026 . Check the FX Multitech IPO allotment status .
When is FX Multitech IPO listing date ?+
The FX Multitech IPO listing date is not yet announced. The tentative date of listing is Mon, Sep 28, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.