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FX Multitech IPO Listing Price, Gain & Allotment
Listed
SME IPO
BSE SME
Listed 28 Sep 2026
· updated 1 month ago
Price band
₹116
GMP
+₹6.5
Est. listing price₹122.5
Est. listing gain5.60%
Issue size₹45.24 Cr
FX Multitech IPO Details
Open DateMon, 21 Sep 2026
Close DateWed, 23 Sep 2026
Listing DateMon, 28 Sep 2026
Listing AtBSE SME
Price Band₹116 per share
Lot Size1,200 shares
Min. Investment₹2,78,400
Issue Size₹45.24 Cr
FX Multitech IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Mon, 21 Sep
IPO Closes
Wed, 23 Sep
Basis of Allotment
Thu, 24 Sep
Tentative
Refunds Initiated
Fri, 25 Sep
Tentative
Shares Credited to Demat
Fri, 25 Sep
Tentative
Listing Date
Mon, 28 Sep
FX Multitech IPO GMP Today
All IPO GMP
GMP today
+₹6.5
Est. listing price
₹122.5
Est. gain %
5.60%
Est. profit / lot
₹7,800
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
FX Multitech IPO Listing Price & Gain
Issue price₹116
Listing price (BSE)₹123.05
Listing gain+6.08%
Listing-day close₹129.2 (+11.4%)
The last GMP before listing (₹6.5) pointed to about ₹122.5; the shares opened 0.5 points above that estimate. How accurate is GMP?
FX Multitech IPO Allotment Status
The registrar for this IPO is MUFG Intime (Link Intime). You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
FX Multitech IPO Lot Size & Minimum Investment
At upper price band of ₹116| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,78,400 |
| Retail (Max) | 2 | 2,400 | ₹2,78,400 |
| S-HNI (Min) | 3 | 3,600 | ₹4,17,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,74,400 |
| B-HNI (Min) | 8 | 9,600 | ₹11,13,600 |
FX Multitech IPO analysis: what the numbers say
The ₹45.24 Cr issue combines a fresh issue of ₹39 Cr, which goes to the company, and an offer for sale (OFS) of ₹4 Cr by existing shareholders, so about 91% of the money raised reaches the business. Promoter holding falls from 100% to 72.84% after the issue. At the upper price band the issue values the company at a post-issue P/E of 14.4.
Revenue rose from ₹68.74 Cr in FY24 to ₹111.9 Cr in FY26, a compound annual growth of 27.6%. Profit after tax grew from ₹4.18 Cr to ₹11.54 Cr. That is a net profit margin of 10.3% in FY26. Borrowings were 0.49 times net worth at the end of FY26.
FX Multitech listed at ₹123.05 on 28 Sep 2026, +6.1% against the issue price of ₹116. The last GMP before listing had pointed to about ₹122.5, so it opened 0.5 points above the grey market estimate. It closed the first day at ₹129.2 (+11.4%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
FX Multitech IPO Issue Structure
Fresh issue ₹39 Cr (90.7%)
Offer for sale ₹4 Cr (9.3%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)100%
Promoter holding (post)72.84%
- Promoters
- Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj
- Book running lead managers
- Oneview Corporate Advisors Pvt. Ltd.
Objects of the FX Multitech IPO
- Repayment/pre-payment, in full or part, of certain borrowings availed by the Company. ~ Rs. 10 Cr.
- Investment in the subsidiary, namely Everestt Chillers Pvt. Ltd., for purchase of machinery. ~ Rs. 6.26 Cr.
- Funding of Working Capital Requirements. ~ Rs. 14.83 Cr.
- General Corporate Purposes.
FX Multitech IPO Strengths & Risks
Strengths
- Strong relationships with global suppliers.
- Wide and established distribution network.
- Efficient operations and supply chain management.
- Diversified product portfolio across multiple industries.
Risks
- Working capital-intensive operations, regional OEM production limits, and reliance on global technology partners.
- B2B-focused branding, nascent global penetration, and uneven digital adoption (IoT & predictive maintenance).
- Raw material volatility, OEM relationship disruption, high domestic and multinational competition.
FX Multitech Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 68.74 | 102.34 | 111.9 |
| Profit after tax | 4.18 | 9.64 | 11.54 |
| Net worth | 16.71 | 26.35 | 37.89 |
| Total assets | 32.66 | 61.12 | 73.05 |
| Total borrowings | 11.24 | 17.32 | 18.42 |
| PAT margin | 6.08% | 9.42% | 10.31% |
FX Multitech Key Performance Indicators (KPIs)
P/E (pre issue)10.86x
P/E (post issue)14.43x
EPS₹10.68
ROE37.63%
ROCE28.93%
RoNW31.8%
About FX Multitech IPO
FX Multitech is an SME IPO worth ₹45.24 crore with a price band of ₹116 per share. The issue opens on 21 September 2026 and closes on 23 September 2026. Shares are expected to list on 28 September 2026 on BSE SME.
FX Multitech IPO under the SME IPO category is a book build issue of Rs. 45.24 Cr by FX Multitech Limited, in the export and distribution of a wide range of goods, mostly for the industrial refrigeration and HVAC (heating, ventilation, and air conditioning) sectors. Compressors, refrigeration and air conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialized parts and tools, heat exchangers, cold room evaporators, refrigerants, and ancillary products are just a few of the many engineering and refrigeration products that the company offers.
It procures goods from internationally renowned producers and provides cutting-edge, dependable, economical, and energy-efficient solutions for commercial and industrial uses.
With its headquarters located in Ahmedabad, Gujarat, and warehouses located in Hyderabad, Thane, Kolkata, and Bangalore, FX Multitech boasts a diverse distribution network. The company's multi-city presence allows it to provide prompt product delivery, technical assistance, and after-sales care to customers throughout India.
FX Multitech IPO: FAQs
What was the listing price of FX Multitech IPO?
FX Multitech listed at ₹123.05 on 28 Sep 2026, +6.1% against the issue price of ₹116. The last GMP before listing had pointed to about ₹122.5, so it opened 0.5 points above the grey market estimate. It closed the first day at ₹129.2 (+11.4%).
What is the price band of FX Multitech IPO?
The FX Multitech IPO price band is ₹116 per share and the issue size is ₹45.24 crore.
What is the lot size and minimum investment for FX Multitech IPO?
One lot of FX Multitech IPO has 1,200 shares. The minimum application for retail investors is 2 lots (2,400 shares), which costs ₹2,78,400 at the upper price band.
When does FX Multitech IPO open and close?
FX Multitech IPO opens for subscription on Monday, 21 September 2026 and closes on Wednesday, 23 September 2026. Bids are accepted until 5 PM on the closing day.
What is the FX Multitech IPO allotment date?
The basis of allotment for FX Multitech IPO is expected to have been finalised on Thursday, 24 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check FX Multitech IPO allotment status?
Visit the website of the registrar, MUFG Intime (Link Intime), select FX Multitech IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is FX Multitech IPO listing date?
FX Multitech shares listed on BSE SME on Monday, 28 September 2026 at ₹123.05 per share.
Is FX Multitech a mainboard or SME IPO?
FX Multitech is an SME IPO, listing on the BSE SME platform. Individual investors must apply for at least two lots in SME IPOs.
Last updated 28 Sep 2026, 11:53 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.