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Latest GMP
- Lead Manager
- Oneview Corporate Advisors Private Limited
- IPO Registrar
- MUFG Intime India Private Limited
- IPO Open Date
- 21st Sep 2026
- IPO Close Date
- 23rd Sep 2026
- Allotment date
- 24th Sep 2026
- Listing date
- 28th Sep 2026
- Issue Size
- ₹ 45 Cr.
- Issue Price Band
- ₹ 110 to 116
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 278400
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About FX Multitech Limited
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.
Distribution Network
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.
Supplier Relationships
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
- Honeywell Automation India Limited
- among others
Subsidiary
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.
Workforce
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.
Competitive Strengths
- 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 7,44,000 (26.60%) | 1,55,90,400 | 20.95 |
| NII | 7,54,800 (26.98%) | 1,46,95,200 | 19.47 |
| bNII (> ₹10L) | 3,72,000 (13.30%) | 1,13,08,800 | 30.40 |
| sNII (< ₹10L) | 1,86,000 (6.65%) | 33,86,400 | 18.21 |
| Retail | 12,98,400 (46.42%) | 1,59,84,000 | 12.31 |
| Total | 27,97,200 (100.00%) | 4,62,69,600 | 16.54 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 26-09-2026 | ₹116 | ₹6 | ₹122 ( 5.17% ) | ₹7,200.00 | 26-Sep-2026 10:00 AM |
| 25-09-2026 | ₹116 | ₹4 | ₹120 ( 3.45% ) | ₹4,800.00 | 25-Sep-2026 09:54 AM |
| 24-09-2026 | ₹116 | ₹4 | ₹120 ( 3.45% ) | ₹4,800.00 | 24-Sep-2026 11:01 AM |
| 16-09-2026 | ₹116 | ₹0 | ₹116 ( 0.00% ) | ₹0.00 | 16-Sep-2026 11:04 AM |
Financials of FX Multitech Limited
A quick overview of the key Financial Performance of FX Multitech Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 24%, Profit after Tax (PAT) increased by 27%, Total Assets increased by 24% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 68.52 | 102.01 | 126.14 |
| Assets | 32.66 | 69.27 | 85.88 |
| Total Income | 68.74 | 102.45 | 126.41 |
| Profit After Tax | 4.18 | 9.54 | 12.10 |
| EBITDA | 6.95 | 14.17 | 19.37 |
| Net Worth | 16.71 | 26.26 | 38.06 |
| Reserves & Surplus | 16.45 | 15.45 | 27.26 |
| Total Borrowings | 11.24 | 21.90 | 26.11 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,400
₹ 2,78,400
Individual Investors (IND) (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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,78,400 |
| Individual Investors (IND) (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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 37.63 |
| ROCE (%) | 28.93 |
| Debt / Equity | 0.69 |
| RoNW (%) | 31.8 |
| PAT Margin (%) | 9.6 |
| EBITDA Margin (%) | 15.35 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
10.92
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
91.62
-
|
IPO Lead Manager(s)
Lead Manager Details
- Oneview Corporate Advisors Private Limited
- Contact Person: Alka Mishra
- SEBI Registration Number: INM000011930
- Investor Grievance Email: investorgrievance@oneviewadvisors.com
- Website: https://www.oneviewadvisors.com
- Email: mbd@oneviewadvisors.com
- Phone: +91-22-69010381
- Address: The Summit Business Bay, 619 & 620, 6th floor, 266/1-172, Gundavali, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India, 400093
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S Marg, Vikhroli (West), Mumbai - 400083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- FX Multitech Limited
- Phone
- 079-48925548
- Contact Person
- Mauli Rushil Mehta
- Corporate Identity Number
- U52100GJ2008PLC053391
- Address
- C-907, 908 Titanium Square, Thaltej Cross Road, Thaltej, Ahmedabad, Gujarat, India - 380054
- Website
- https://www.fxmultitech.com
FX Multitech Limited FAQs
