FX Multitech came to market through an SME IPO that opened on 21 September 2026 and closed on 23 September 2026, and the shares listed on 28 September 2026 on BSE SME. The price band was ₹110 to ₹116 per share and one lot was 1200 shares, so the minimum application was ₹1,39,200. The issue size was ₹45.24 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹123.05, a gain of 6.1% against the issue price of ₹116. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Oneview Corporate Advisors Pvt.Ltd was the lead manager.
As of 23 September 2026.
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Overall the issue was subscribed 17.79 times.
Incorporated in March 2008, FX Multitech Limited is involved in the distribution and exporting business of various products primarily used in the Heating, Ventilation and Air Conditioning (HVAC) and industrial refrigeration sectors. The Company provides a variety of engineering and refrigeration products which include 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 auxiliary products.
The Company sources its products from various world renowned manufacturers and provides technologically advanced, reliable, energy efficient and economical solutions for industrial and commercial applications. The Company has a diversified distribution channel having its head office located at Ahmedabad, Gujarat and warehousing facility at Hyderabad, Thane, Kolkata and Bangalore. This makes the Company well placed to cater to customers across India with prompt delivery and after-sales support.
As on July 31, 2026, the manpower strength of the Company stood at 48 individuals.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj..
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
FX Multitech IPO was a ₹45.24 crore book-built issue, comprising a fresh issue of ₹41.2 crore and an offer for sale of ₹4.04 crore. It was priced at ₹110–₹116 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,78,400). The IPO was open from September 21 to September 23, 2026 and was subscribed 17.79x.
Shares listed on BSE SME on September 28, 2026 at ₹123.05, a 6.1% premium to the issue price of ₹116. MUFG Intime India Pvt. Ltd. is the registrar. Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager.
The price band of FX Multitech IPO is ₹110 to ₹116 per share.
The lot size of FX Multitech IPO is 1200 shares.
The minimum investment for FX Multitech IPO is approximately ₹2,78,400 based on the upper price band.
The allotment date of FX Multitech IPO is Sep 24, 2026.
You can check FX Multitech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the FX Multitech IPO allotment status on Rupix for quick and easy access.
₹110 to ₹116 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,39,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,39,200, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 21 September 2026 and closed on 23 September 2026.
The basis of allotment was published on 24 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 September 2026 on BSE SME, opening at ₹123.05.
The issue size was ₹45.24 crore. The fresh issue was 35,52,000 shares (aggregating up to ₹41.2 crore). The offer for sale was 3,48,000 shares (aggregating up to ₹4.04 crore).
It listed at ₹123.05 against an issue price of ₹116, a gain of 6.1 percent on listing day.