FX Multitech IPO

Listed on the exchange

FX Multitech priced its issue at ₹116.00 and began trading on 28 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.

Issue dates

1. Anchor investor biddingCompleted

   18 September 2026

   One day before the public window, for institutional anchors.

2. Bidding opensCompleted

   21 September 2026

3. Bidding closesCompleted

   23 September 2026

4. Basis of allotmentCompleted

   24 September 2026

5. Refunds initiatedCompleted

   25 September 2026

6. Shares credited to DematCompleted

   25 September 2026

7. Listing on the exchangeCompleted

   28 September 2026

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

About FX Multitech

FX Multitech Ltd. distributes and exports refrigeration and HVAC products from its base in Ahmedabad. The company buys compressors, refrigeration and air-conditioning controls, variable frequency drives, heat exchangers, refrigerants and cold room evaporators from manufacturers such as Danfoss, Honeywell Automation India and Transfer Oil, then sells them to industrial, commercial and infrastructure customers across India. It runs warehouses in Hyderabad, Thane, Kolkata and Bangalore, which let it deliver products and provide technical support and after-sales service in those regions. The company also exports. In January 2025 it bought a 51% stake in Everestt Chillers Pvt. Ltd., which makes customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers. FX Multitech 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.

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.

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

  ₹6.00 Cr

• Issue Expense

  ₹4.52 Cr

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.

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

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 Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 4 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.