FX Multitech IPO Details
FX Multitech IPO Summary
FX Multitech IPO opens for subscription on 21 Sep 2026 and closes on 23 Sep 2026.The IPO will be listed on BSE with the tentative listing date set for 28 Sep 2026.
FX Multitech IPO price band has been fixed at ₹110 – ₹116 per share. The face value is ₹10 per share with a lot size of 1200.
FX Multitech IPO total issue size comprises 39,00,000 shares (aggregating up to ₹45.24 Cr). This includes a fresh issue of 35,52,000 shares (aggregating up to ₹41.20 Cr). Offer for Sale consists of 3,48,000 shares (aggregating up to ₹4.04 Cr). Pre-issue shareholding stands at 1,08,07,600, which will increase to 1,43,59,600 post-issue.
FX Multitech IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
FX Multitech IPO Lot Size :Individual Minimum is 2 lots (2,400 shares) amounting to ₹2,78,400. Individual Maximum is 2 lots (2,400 shares) amounting to ₹2,78,400. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹4,17,600. SHNI Maximum is 7 lots (8,400 shares) amounting to ₹9,74,400. BHNI Minimum is 8 lots (9,600 shares) amounting to ₹11,13,600.
FX Multitech IPO Details
FX Multitech IPO Dates
- 21 Sep 2026Opening dateOpen
- 23 Sep 2026Closing dateClose
- 24 Sep 2026Allotment Date Allotment
- 25 Sep 2026Initiation of RefundsRefund
- 25 Sep 2026Credit of SharesCredit
- 28 Sep 2026Listing dateListing
FX Multitech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2400 | ₹2,78,400 |
| Individual Maximum | 2 | 2400 | ₹2,78,400 |
| SHNI Minimum | 3 | 3600 | ₹4,17,600 |
| SHNI Maximum | 7 | 8400 | ₹9,74,400 |
| BHNI Minimum | 8 | 9600 | ₹11,13,600 |
FX Multitech IPO Reservation
Promoter Holding
Documents
FX Multitech IPO Valuations
FX Multitech Financial Information
| Period Ended | 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 |
| Amount in ₹ Crore | |||
About FX Multitech IPO
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.
Strength Of FX Multitech IPO
- Relationship with global supplier.
- Wide and Established Distribution Network.
- Diversified product portfolio across multiple Industries.
- Customer relationships led by Technical Expertise.
- Efficient Operations and Supply Chain Management.
- Experienced management team.
Risk Of FX Multitech IPO
- The Company is highly dependent on a single supplier for a significant portion of its purchases, and any disruption in this relationship could adversely affect the company's business, results of operations and financial condition.
- The company's revenue from operations has varied in recent periods, and its may be unable to sustain or manage the company's growth, which could adversely affect its business and results of operations.
- The company does not have any long-term agreements with any of its customers. If the company's customers choose not to source their requirements from the company, it would lead to financial instability and operational uncertainty and the company's business and financial conditions may be adversely affected.
- The company's inability to collect receivables from its customers, or any default in payment by them, could adversely affect the company profitability, cash flows, and financial condition.
- Any delays or cost escalations in the proposed purchase of plant and machinery for the company's subsidiary could affect the implementation schedule and deployment of the Net Proceeds.
- The company has contingent liabilities that have not been provided for in its financials which if materialized, could adversely affect the company's financial condition.
- Certain procedural lapses occurred in relation to past allotments of equity shares by the Company, including receipt of a portion of consideration in cash and discrepancies in regulatory filings. Any regulatory action in relation to such matters may adversely affect the Company.
- There are certain discrepancies and non-compliances noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies, taxation authorities and other public authorities. Any penalty or action taken by any regulatory authorities in future for non- compliance with provisions of all applicable law could impact on the financial position of the Company to that extent.
- The company generates its major portion of revenue from the company operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The company's Promoter does not have prior experience in the HVAC and Industrial Refrigeration industry, which may adversely affect its business.
Objectives FX Multitech IPO
1. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
2. Investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries;
3. Funding of working capital requirements
4. General corporate purposes
Company Contact Details
C-907, 908 Titanium Square, Thaltej Cross Road, Thaltej,
Ahmedabad, Gujarat , 380054
Phone: 079-48925548
Email: compliance@fxmultitech.com
Website: https://www.fxmultitech.com/
Registrar Contact Details
FX Multitech FAQs
The FX Multitech IPO is a SME public issue comprising 3900000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹45.24 Cr. The issue price has been fixed at ₹116 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 21 Sep 2026, and closes on 23 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).
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