FX Multitech IPO Listing: Shares Debut at 6.08% Premium on BSE SME
- September 28, 2026
- Posted by: Kunal Singla
- Category: News
FX Multitech lists at Rs 123.05 on BSE SME, up 6.08%. Later trades at Rs 129.20, up 11.38%. Issue price Rs 116. Subscribed 17.72 times. Issue size Rs 45.24 Cr.
Quick Answer
The FX Multitech IPO listing today saw the stock debut at Rs 123.05 on the BSE SME platform, a 6.08 percent premium over its Rs 116 issue price. Buying continued after the open, and the stock was trading around Rs 129.20, up 11.38 percent, by 10:21 AM. The HVAC and industrial refrigeration products distributor’s IPO was subscribed 17.72 times overall.
FX Multitech IPO Listing Today: The IPO closed subscription at 17.72 times overall on 23 September 2026. Here is a recap of the offer itself, the terms of the FX Multitech IPO listing, and how the stock actually traded once it opened on 28 September.
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FX Multitech IPO Listing: Issue Details
FX Multitech Limited raised Rs 45.24 crore through a book building issue of 39,00,000 shares, made up of a fresh issue of 35.52 lakh shares worth Rs 41.20 crore and an offer for sale of 3.48 lakh shares worth Rs 4.04 crore by the promoters. The issue listed on the BSE SME platform, with a tentative listing date of 28 September 2026. Bidding ran from 21 September 2026 to 23 September 2026, at a face value of Rs 10 per share and a price band of Rs 110 to Rs 116 per share.
| Particular | Detail |
|---|---|
| Allotment Date | 24 September 2026 |
| IPO Open Date | 21 September 2026 |
| IPO Close Date | 23 September 2026 |
| Issue Size | Rs 45.24 crore (39,00,000 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 1,200 shares |
| Issue Price | Rs 116 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 28 September 2026 |
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FX Multitech IPO Listing Price and Performance
Shares of the FX Multitech IPO listing opened at Rs 123.05 on the BSE SME platform, a 6.08 percent premium over the Rs 116 issue price. Demand held up after the open, and the stock was quoted at Rs 129.20 at 10:21 AM, up 13.20 rupees or 11.38 percent from the issue price. Retail investors needed a minimum of two lots, or 2,400 shares, at a cost of about Rs 2.78 lakh.
About the FX Multitech IPO
FX Multitech Limited, incorporated in March 2008 and based in Ahmedabad, distributes and exports products for the heating, ventilation, air conditioning and industrial refrigeration industries, including compressors, refrigeration controls, variable frequency drives, heat exchangers, cold room evaporators and refrigerants. It acquired a 51 percent stake in Everest Chillers in January 2025, which adds a manufacturing arm to the distribution business. Promoters of the company are Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal and Kanagalakshmi Selvaraj. Oneview Corporate Advisors is the book running lead manager and MUFG Intime India is the registrar. Investors following the FX Multitech IPO listing should note that a single supplier accounted for about 74 percent of FY26 purchases.
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FX Multitech Limited Financials
Here is how FX Multitech Limited has performed financially over the last three fiscal years, which helps put the FX Multitech IPO listing in context. FY25 and FY26 are consolidated including Everest Chillers, while FY24 is standalone.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue | 111.57 | 101.77 | 68.52 |
| Profit After Tax | 11.54 | 9.64 | 4.18 |
Explanation
Revenue rose about 10 percent in FY26 to Rs 111.57 crore, after a much sharper jump in FY25 that was helped by the Everest Chillers acquisition. Profit after tax grew about 20 percent to Rs 11.54 crore, with the PAT margin at roughly 9.6 percent. The business relies heavily on one supplier, operating cash flow was negative in FY25 and FY26 as receivables rose, and the growth comparison across years is not like for like because of the acquisition, which is worth remembering when reading the FX Multitech IPO listing gains.
Grey market premium (GMP) is an unofficial, unregulated indicator for the FX Multitech IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the FX Multitech IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the FX Multitech IPO listing price?
Ans. The FX Multitech IPO listing opened at Rs 123.05 on the BSE SME platform, a 6.08 percent premium over the Rs 116 issue price.
Was the FX Multitech IPO listing a premium or a discount?
Ans. It was a premium listing. The stock opened 6.08 percent above the issue price and extended gains to trade around Rs 129.20, up 11.38 percent, by 10:21 AM.
How much was the FX Multitech IPO subscribed?
Ans. The IPO was subscribed 17.72 times overall by the close of bidding on 23 September 2026.
What is the issue price of the FX Multitech IPO?
Ans. The issue price was fixed at Rs 116 per share, the top of the Rs 110 to Rs 116 price band.
What is the lot size of the FX Multitech IPO?
Ans. The lot size was 1,200 shares, and retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2,78,400 at the upper price band.
Who is the registrar for the FX Multitech IPO?
Ans. MUFG Intime India Private Limited is the registrar.
What does FX Multitech do?
Ans. FX Multitech distributes and exports HVAC and industrial refrigeration products such as compressors, controls, drives and heat exchangers, and now also has a manufacturing subsidiary, Everest Chillers.
Where can I track the FX Multitech share price now?
Ans. You can track it on the BSE SME platform, or through the Univest platform.
Should I hold shares after the FX Multitech IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the steady profit growth against the heavy single supplier dependence and negative operating cash flow before deciding whether to hold or book profit after the FX Multitech IPO listing.
