FX Multitech IPO

UpcomingSMETrading
Price band
₹110 – ₹116
Lot size
1,200
1 lot = ₹1,39,200
Issue size
₹45.24 Cr
Open – close
21 Sept 2026
to 23 Sept 2026
Listing
28 Sept 2026

What the filing actually says

Our read of the offer document and the exchange data — not the issuer's summary of itself

We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.

Dates

The issuer's tentative timetable — a date passing is not confirmation the step completed

  1. Opens
    21 Sept 2026
  2. Closes
    23 Sept 2026
  3. Allotment
    24 Sept 2026
  4. Listing
    28 Sept 2026

The offering

Terms, structure and who is selling

Terms
Price band₹110 – ₹116
Face value₹10
Lot size1,200shares
Minimum application₹1,39,200at cut-off
Total issue size₹45.24 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
ISININE1D0M01019
RegistrarMUFG Intime India Pvt Ltd

What happened to comparable issues

The last 8 issues to list with a recorded opening price, most comparable first

Median listing gain
+11.5%
Listed up
6 of 8
Best
+90.0%
Millworks Technologies
Worst
-0.7%
Mopshop Distribution
Shanti Inorganicssame segment
142.2× sub+90.0%
1.6× sub+0.0%
1.6× sub-0.7%
149.1× sub+22.1%
1.5× sub+6.9%
Dhaval Packagingsame segment
50.0× sub+13.4%
Sotefin Bharatsame segment
4.0× sub+9.6%
219.5× sub+90.0%

Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.

About FX Multitech

FX Multitech Limited is a distributor and exporter of products for the HVAC (heating, ventilation, and air conditioning) and industrial refrigeration industries. Its product portfolio includes compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. The company sources products from manufacturers and supplies them to industrial and commercial customers in India and overseas. Its suppliers include 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 Ltd., among others. The company is headquartered in Ahmedabad, Gujarat, and has warehouses in Hyderabad, Thane, Kolkata, and Bangalore. Its subsidiary, Everestt Chillers Private Limited, manufactures customised industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers.

Founded 2024MD Mr Subhash AgrawalSector Trading

Offer documents

The primary sources everything above is drawn from

Common questions

What is the minimum investment in the FX Multitech IPO?

One lot is 1,200 shares, so a retail application at the ₹116 cut-off price blocks ₹1,39,200. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.

When is the FX Multitech IPO allotment date?

Allotment is scheduled for 2026-09-24, with listing on 2026-09-28. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, MUFG Intime India Pvt Ltd.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.

FX Multitech IPO — GMP, subscription & review | DocStoX