FX Multitech IPO Day 3: Subscription Closes Today, 23 September 2026
- September 23, 2026
- Posted by: Harsh Piplani
- Category: IPO
FX Multitech IPO closes today, 23 Sep 2026. Subscribed around 0.29x through Day 2, still below full book. Price band Rs 110-116. Lists on BSE SME.
Quick Answer
The FX Multitech IPO is on its final day of bidding on 23 September 2026, with the subscription window closing today. The issue has built only gradually through its bidding window, running at around 0.29 times through Day 2, still below full subscription. With bidding open until the end of today’s session, the final FX Multitech IPO subscription figure depends on how much demand arrives across all categories in the closing hours.
FX Multitech Limited, an Ahmedabad based distributor and exporter of HVAC and Industrial Refrigeration engineering products, has reached the final day of its IPO subscription window today, 23 September 2026. The FX Multitech IPO opened on 21 September and is a book built SME issue worth about Rs 45.24 crore, comprising a fresh issue and an offer for sale. The shares are proposed to list on the BSE SME platform.
Demand for the issue has stayed below full subscription through the window, running at around 0.29 times through Day 2, an uneven pattern in which NII crossed full subscription early while retail lagged behind. Today’s closing session is the last opportunity for the book to move closer to, or past, full subscription overall.
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FX Multitech IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 21 September 2026 |
| Close Date | 23 September 2026 |
| Price Band | Rs 110 to Rs 116 per share |
| Lot Size | 1,200 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 Subscription Status Day 3
The table below tracks how the issue has moved through its bidding window, from Day 1 through to the close of Day 2.
| Session | Overall Subscription |
|---|---|
| Through Day 1 (21 Sep) | Below full subscription, NII past full book |
| Through Day 2 (22 Sep) | Around 0.29 times |
| Day 3, closing day so far (23 Sep) | Updating through the session |
The issue has moved only gradually toward full subscription, and today’s closing session will determine the final position across all categories. Investors should check the live BSE numbers as the session progresses.
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 so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
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.
Conclusion
The issue closes today with subscription still below full book at around 0.29 times through Day 2, leaving the final hours as the key window for demand to build. Investors considering the issue should review the company financials and SME liquidity risks in the RHP on bseindia.com, and apply only after independent due diligence before the window shuts today.
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 3?
Ans. On the closing day, 23 September 2026, the issue is carrying forward a Day 2 reading of around 0.29 times overall, still below full subscription, and figures are updating through today’s final session.
When does the FX Multitech IPO close?
Ans. The issue closes for subscription today, 23 September 2026, having opened on 21 September 2026.
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, taking the minimum investment to about Rs 2,78,400 for two lots.
Is the FX Multitech IPO fully subscribed?
Ans. The issue was running at around 0.29 times through Day 2, still below full subscription, with the final figure to be confirmed once bidding closes today.
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.
How do I apply for the FX Multitech IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid with a minimum of 2,400 shares within the Rs 110 to Rs 116 band and approving the UPI mandate before today’s 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, with listing on the BSE SME platform tentatively scheduled for 28 September 2026.
Which category led the FX Multitech IPO subscription?
Ans. Non-institutional investors led the issue through the bidding window, crossing full subscription early, while retail participation stayed comparatively muted.
What is the issue 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 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.
