FX Multitech IPO Day 1: Subscription Opens Today, 21 September 2026

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.

Click Here – Get Free Investment Predictions

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

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. 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.

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.