FX Multitech IPO Day 2: Subscription Status on 22 September 2026

The issue has entered Day 2 of its three day bidding window, which opened on 21 September and closes on 23 September 2026. FX Multitech Limited, an Ahmedabad based distributor and exporter of HVAC and Industrial Refrigeration engineering products, is raising about Rs 45.24 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on the BSE SME platform.

Day 1 bidding for the issue showed an uneven pattern, with non-institutional investors already past full subscription at 1.19 times while retail demand stayed muted at just 0.07 times. With one more session remaining before the 23 September close, retail participation and QIB bids have considerable room to build.

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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 2

Category wise bidding for the issue is updated through the trading session on BSE. The table below shows the position through Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription Through Day 1 (21 Sep, 5:05 PM)	Overall Subscription So Far (Day 2, 22 Sep)
Qualified Institutional Buyers (QIB)	0.00 times	Updating
Non-Institutional Investors (NII)	1.19 times	Updating
Retail Individual Investors	0.07 times	Updating
Overall	Below full subscription	Updating through the session

Non-institutional investors have driven the demand for the issue so far, while retail bidding has stayed thin. Investors should treat the Day 2 figures as provisional since bidding remains open until the 23 September close.

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 so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 23 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 23 September close.

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 has had a mixed start, with NII already past full subscription while retail lagged through Day 1, and one more session remains before the 23 September close for demand to broaden. 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.

FAQs

What is the FX Multitech IPO subscription status on Day 2?

Ans. Through Day 1, the issue saw NII cross full subscription at 1.19 times, while retail stood at just 0.07 times and QIB had not placed bids, and figures for Day 2, 22 September 2026, are updating through today's session on BSE.

When does the FX Multitech IPO close?

Ans. The issue closes for subscription on 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 retail investment to about Rs 2,78,400 for two lots.

Which category led the FX Multitech IPO on Day 1?

Ans. Non-institutional investors led the issue on Day 1, crossing full subscription at 1.19 times, while retail demand stayed thin at 0.07 times and QIB had not yet placed bids.

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?

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 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, with listing on the BSE SME platform tentatively scheduled for 28 September 2026.

Why has retail demand for the FX Multitech IPO been muted so far?

Ans. Retail bidding for the issue has stayed thin through Day 1, which can happen with SME issues even when other categories move faster, and retail participation typically catches up in the final sessions before the 23 September close.

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.