FX Multitech Limited

SMElistedBSE SME

21 Sep 2026 – 23 Sep 2026

LISTED

Offer Price

₹110–116

Bid lot

1200

Min Application

₹2,78,400

Issue Size

₹45 Cr

Key dates

Open date

21 Sep 2026

Done

Close date

23 Sep 2026

Done

Basis of allotment

24 Sep 2026

Done

Initiation of refunds

24 Sep 2026

Done

Credit to demat

24 Sep 2026

Done

Listing date

28 Sep 2026

Done

Issue reservation

₹45 Cr

QIB 50%10%5%Retail 35%5.05%

QIB

19.5 L sh · ₹22.50 Cr

50%

HNI (10L+)

3.9 L sh · ₹4.50 Cr

10%

HNI (2-10L)

1.9 L sh · ₹2.25 Cr

Retail

13.7 L sh · ₹15.75 Cr

35%

Market maker

2.0 L sh · ₹2.28 Cr

5.05%

BRLM: Oneview Corporate Advisors Private Limited (Formerly known as Guiness Corporate Advisors)

Lot ladder — how much to bid

1 lot = 1200 shares

Individual · up to ₹2 L2+ lots

Min · 2 lots

2,400 sh · ₹2,78,400

Entry point

₹2,78,400 onward

sHNI · ₹2 L to ₹10 L3+ lots

Min · 3 lots

3,600 sh · ₹4,17,600

Entry point

₹4,17,600 onward

bHNI · Above ₹10 L8+ lots

Min · 8 lots

9,600 sh · ₹11,13,600

Entry point

₹11,13,600 onward

Issue details

Lead managersOneview Corporate Advisors Private Limited (Formerly known as Guiness Corporate Advisors)

Fresh issue35,52,000 sh · ₹41 Cr

Offer for sale3,48,000 sh · ₹4 Cr

Face value₹10

Listing onBSE SME

RegistrarMUFG Intime India Pvt.Ltd.

Grey-market sentiment

No grey-market data yet.

Financials

Particulars	FY26	FY25	FY24
Assets	73.05	61.12	32.66
Total Income	111.9	102.34	68.74
PAT	11.54	9.64	4.18
Net Worth	37.89	26.35	16.71
Reserves & Surplus	27.08	15.54	16.45
Total Borrowings	18.42	17.32	11.24

Objects of the issue

Debt Repayment: ₹10.00 crore for repayment/prepayment of working capital borrowings from HSBC.
Subsidiary Investment: ₹6.26 crore for machinery purchases at Everestt Chillers Private Limited.
Working Capital: ₹14.83 crore to meet additional operational and working capital needs.
General Corporate Purposes: Remaining net proceeds for general business requirements, subject to regulatory limits.

About the company

FX Multitech Limited, incorporated in March 2008, is engaged in the distribution and export of HVAC, industrial refrigeration and engineering products, including compressors, refrigeration controls, automation systems, heat exchangers, refrigerants and related components. Headquartered in Ahmedabad, Gujarat, the Company operates warehouses in Hyderabad, Thane, Kolkata and Bangalore, serving domestic and international markets through a network of globally recognized suppliers.

In January 2025, the Company acquired a 51% stake in Everestt Chillers Private Limited, which manufactures customised industrial chillers and cooling solutions, strengthening its refrigeration portfolio. As of July 31, 2026, the Company employed 48 personnel across sales, logistics, finance, administration, technical support and other functions.

Company strengths

Strong global supplier partnerships.
Established pan-India distribution network.
Efficient supply chain and operations.
Diversified engineering and refrigeration products.
Strong customer relationships and technical support.

Promoters

Subhash AgarwalSelvaraj RangaswamyAnita AgarwalKanagalakshmi Selvaraj.

Registered office & contact

FX Multitech Limited.

Address - C-907

908 Titanium Square,

Thaltej Cross Road, Thaltej,

Ahmedabad, Gujarat, 380054

📞 079-48925548

✉️ compliance@fxmultitech.com

How to apply

1Create your account & log inSign up on Investoyard and complete a quick KYC.

2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.

3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.

4Approve the UPI mandateYou receive a fund-block request on your UPI app.

5DoneFunds stay blocked until allotment, then auto-debited (or released).

Frequently asked questions

What is the minimum investment in the FX MULTITECH LIMITED IPO?

One lot of 1200 shares — ₹2,78,400 at the upper price band of ₹116.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-28 on BSE SME.

₹110–116

Applications are closed.