FX Multitech IPO Day 1: Subscription Opens Today, 21 September 2026
- September 21, 2026
- Posted by: Harsh Piplani
- Category: IPO
FX Multitech IPO opens today, 21 Sep 2026, closes 23 Sep 2026. Price band Rs 110-116. Lot size 1,200 shares. Lists on BSE SME on 28 Sep.
Quick Answer
The FX Multitech IPO opens for subscription today, 21 September 2026, and will remain open until 23 September 2026. FX Multitech Limited distributes and exports engineering products catering primarily to the HVAC and Industrial Refrigeration industries, and is raising about Rs 45.24 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 110 to Rs 116 per share, with a lot size of 1,200 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
FX Multitech Limited, based in Ahmedabad, Gujarat, has opened its IPO for subscription today, 21 September 2026. The FX Multitech IPO is a book built SME issue worth about Rs 45.24 crore, comprising a fresh issue of up to 35.52 lakh shares and an offer for sale of up to 3.48 lakh shares, and will remain open for bidding until 23 September 2026. The equity shares are proposed to be listed on the BSE SME platform.
The company distributes and exports engineering products spanning compressors, controls, drives and automation, heat exchangers, cold room equipment, refrigerants and tools, catering primarily to the HVAC and Industrial Refrigeration value chain. In 2025 the company acquired a 51 percent stake in Everestt Chillers Private Limited, expanding its capabilities into customised industrial chiller solutions and moving beyond pure component distribution towards system integration. The fresh issue proceeds of the FX Multitech IPO are earmarked for repaying borrowings, further investment in Everestt Chillers and working capital requirements.
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FX Multitech IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 21 September 2026 |
| Close Date | 23 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 110 to Rs 116 per share |
| Lot Size | 1,200 shares (minimum bid 2,400 shares) |
| Issue Size | Rs 45.24 crore |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 24 September 2026 |
| Listing Date | 28 September 2026 |
FX Multitech IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 2,78,400 (2 lots, 2,400 shares) |
| Minimum HNI investment | Rs 4,17,600 (3 lots, 3,600 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Manager | Oneview Corporate Advisors Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
FX Multitech IPO Share Reservation
The issue reserves shares across qualified institutional buyers, non-institutional investors and retail individual investors, with retail allocated around a third of the offer, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 2,400 shares.
FX Multitech IPO Subscription Status Day 1
Bidding for the issue has opened today, 21 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.
| Investor Category | Subscription Status, Day 1 (21 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the FX Multitech IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 110 to Rs 116 band, with a minimum bid of 2,400 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 23 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About FX Multitech Limited
FX Multitech Limited, based in Ahmedabad and led by Chairman and Managing Director Subhash Agarwal, distributes and exports engineering products for the HVAC and Industrial Refrigeration industries, including compressors, controls, heat exchangers and cold room equipment. The company converted into a public limited company in 2024 and acquired a majority stake in Everestt Chillers Private Limited in 2025, ahead of the issue.
Conclusion
The issue has opened for bidding today, 21 September 2026, backed by an established distribution and export business in the HVAC and industrial refrigeration value chain. Investors considering the issue should study the company’s supplier relationships and SME liquidity risks alongside the financials in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the FX Multitech IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 21 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.
When does the FX Multitech IPO open and close?
Ans. The issue opened for subscription today, 21 September 2026, and will close on 23 September 2026, a standard three day bidding window for an SME issue.
What is the FX Multitech IPO price band and lot size?
Ans. The issue price band is Rs 110 to Rs 116 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots, or 2,400 shares, taking the minimum investment to about Rs 2,78,400 at the upper price band.
What is the issue size and structure of the FX Multitech IPO?
Ans. The issue is worth about Rs 45.24 crore, comprising a fresh issue of up to 35.52 lakh shares and an offer for sale of up to 3.48 lakh shares.
What is the FX Multitech IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the FX Multitech IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity with a minimum of 2,400 shares and your price within the Rs 110 to Rs 116 band, then approve the UPI mandate before the daily cut off.
When will the FX Multitech IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 24 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 28 September 2026.
What does FX Multitech Limited do?
Ans. FX Multitech Limited distributes and exports engineering products for the HVAC and Industrial Refrigeration industries, including compressors, controls, heat exchangers and cold room equipment, and also operates in customised industrial chiller solutions through its subsidiary Everestt Chillers.
Who acquired a stake related to the FX Multitech IPO?
Ans. FX Multitech Limited acquired a 51 percent equity stake in Everestt Chillers Private Limited in 2025, expanding its capabilities into customised industrial chiller solutions ahead of the issue.
Who are the registrar and lead manager for the FX Multitech IPO?
Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, and Oneview Corporate Advisors Pvt Ltd is the book running lead manager for the issue.
