FX Multitech IPO
Bidding opens on 21 September 2026, in 6 days, and closes on 23 September 2026.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 15 September 2026. They are not a live tick-by-tick feed, so a bidding day can move between refreshes. Confirm current numbers on the exchange websites before you apply.
- Issue size
- ₹0.37 Cr
- Lot size
- Not announced
- Minimum investment
- Not announced
- Face value
- ₹10.00
- Fresh issue
- ₹0.34 Cr
- Offer for sale
- ₹0.03 Cr
- Exchanges
- NSE and BSE
- Bidding dates
- 21 September 2026 to 23 September 2026
The dates that matter
An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.
Anchor investor biddingNext
18 September 2026 in 3 days
One day before the public window, for institutional anchors.
Bidding opens
21 September 2026
Bidding closes
23 September 2026
Basis of allotment
24 September 2026
Refunds initiated
25 September 2026
Shares credited to Demat
25 September 2026
Listing on the exchange
28 September 2026
Issue dates
Grey market premium
No premium was quoted for this issue on any of the 2 days we hold a record for. A blank record is not a premium of zero, and it says nothing about demand either way.
About FX Multitech
FX Multitech Ltd. distributes and exports equipment for the HVAC and industrial refrigeration industries. It incorporated in 2008 and runs from Ahmedabad, Gujarat, with warehouses in Hyderabad, Thane, Kolkata and Bangalore. The company buys compressors, refrigeration controls, variable frequency drives, refrigerants, heat exchangers and cold room evaporators from global manufacturers and sells them to industrial, commercial and infrastructure customers across India and abroad. It also holds a 51% stake in Everestt Chillers Pvt. Ltd., a subsidiary that makes customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers. The company employed 48 people as of July 31, 2026.
Promoters
- Subhash Agarwal
- Selvaraj Rangaswamy
- Anita Agarwal
- Kanagalakshmi Selvaraj
Financial highlights
The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.
| Metric (₹ crore) | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Assets | 32.66 | 61.12 | 73.05 |
| Total Income | 68.74 | 102.34 | 111.90 |
| Profit After Tax | 4.18 | 9.64 | 11.54 |
| EBITDA | 6.95 | 14.09 | 17.26 |
| NET Worth | 16.71 | 26.35 | 37.89 |
| Reserves and Surplus | 16.45 | 15.54 | 27.08 |
| Total Borrowing | 11.24 | 17.32 | 18.42 |
Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.
Key ratios
Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.
| Ratio | Value | What it measures |
|---|---|---|
| Earnings per share | ₹10.68 | Profit after tax divided by the number of shares. |
| Net asset value per share | ₹35.22 | What the company owns, less what it owes, per share. |
| Return on equity | 37.63% | Profit earned on shareholders’ money. |
| Return on capital employed | 28.93% | Profit earned on all the capital in the business, including debt. |
| Return on net worth | 31.80% | The offer document’s own name for return on shareholders’ funds. |
| Profit margin | 9.60% | Profit after tax as a share of income. |
| Operating margin | 15.35% | Operating profit as a share of income, before interest, tax and depreciation. |
Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.
What the money is for
Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.
Funding of Working Capital Requirements
₹14.83 Cr
Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
₹10.00 Cr
Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries
₹6.26 Cr
General Corporate Purposes
Amount not stated
Who gets what share
SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.
| Category | Share of issue | Amount |
|---|---|---|
| Qualified institutional buyers | 20.09% | — |
| Non-institutional (bids above ₹10 lakh) | 10.05% | — |
| Non-institutional (bids up to ₹10 lakh) | 5.02% | — |
| Retail individual investors | 35.06% | — |
Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.
Questions people ask
Bidding runs from 21 September 2026 to 23 September 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.
The most recent recorded premium is ₹0.00 per share, against ₹0.00 when recording began on 14 September 2026. The movement across those days says more than either number on its own.
Sources
- National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
- BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
- Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
- FX Multitech issue particulars are compiled and published by DematOpen, refreshed every 30 minutes, and reviewed by the editorial team. The record was last updated 15 September 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.