IPO Issue Details
Issue Price / Price Band₹116 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size39,00,000 shares (agg. up to ₹45 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 21 Sep 2026
Subscription CloseWed, 23 Sep 2026
Anchor AllotmentSun, 20 Sep 2026
Basis of AllotmentThu, 24 Sep 2026
Initiation of RefundsFri, 25 Sep 2026
Credit of Shares to DematFri, 25 Sep 2026
Listing DateMon, 28 Sep 2026
UPI Mandate Deadline5:00 PM on 23 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,78,400 — 2,400 shares
Retail — Max (13 Lots)₹1,809,600 (13 Lots)
HNI — Min (3 Lots)₹4,17,600 — 3,600 shares
EPS (Pre-IPO)₹10.68
EPS (Post-IPO)₹8.04
P/E Ratio (Pre-IPO)10.86x
P/E Ratio (Post-IPO)14.43x
Net Offer to Public37,03,200 shares (agg. up to ₹43 Cr)
Reserved for Market Maker1,96,800 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding1,08,07,600 shares
Post-IPO Promoter Holding1,43,59,600 shares
Fresh Issue Shares33,55,200 shares (agg. up to ₹39 Cr)
Offer for Sale Shares3,48,000 shares of ₹10 (agg. up to ₹4 Cr)
About FX Multitech Ltd
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.Competitive StrengthsStrong 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.
Objects of the Issue
FX Multitech Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
10.00
2
Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries
6.26
3
Funding of Working Capital Requirements
14.83
4
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,08,07,600 shares
Post-IPO Promoter Holding
1,43,59,600 shares