FX Multitech IPO Details
IPO Overview
| Price Band | ₹110–₹116 |
|---|---|
| Lot Size | 1200 shares |
| Min Investment | Min ₹139200 |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | 278400 |
| Individual investors (IND) (Max) | 2 | 2400 | 278400 |
| S-HNI (Min) | 3 | 3600 | 417600 |
| S-HNI (Max) | 7 | 8400 | 974400 |
| B-HNI (Min) | 8 | 9600 | 1113600 |
IPO Tentative Timetable
| IPO Open Date | Sep 21, 2026 |
|---|---|
| IPO Close Date | Sep 23, 2026 |
| Allotment Date | Sep 24, 2026 |
| Refund Initiation | Sep 25, 2026 |
| Listing Date | Sep 28, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹110 to ₹116 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 1,96,800 shares (agg. up to ₹2 Cr)Basan Equity Broking Ltd. |
| Fresh Issue (Ex Market Maker) | 33,55,200 shares (agg. up to ₹39 Cr) |
| Offer for Sale | 3,48,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 37,03,200 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,08,07,600 shares |
| Share Holding Post Issue | 1,43,59,600 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 37.63% |
| ROCE | 28.93% |
| Debt/Equity | 0.49 |
| RoNW | 31.80% |
| PAT Margin | 9.60% |
| EBITDA Margin | 15.35% |
| NAV | 35.22 |
| Price to Book Value | 3.29 |
Issue Reservation
| Investor Category | Shares | % Of Net Issue | % Of Total Issue |
|---|---|---|---|
| QIB | 18,46,800 | 49.87% | 47.35% |
| − Anchor Investor | 11,02,800 | 28.28% | |
| − QIB (Ex. Anchor) | 7,44,000 | 19.08% | |
| NII (HNI) | 5,58,000 | 15.07% | 14.31% |
| − bNII > ₹10L | 3,72,000 | 9.54% | |
| − sNII < ₹10L | 1,86,000 | 4.77% | |
| Retail | 12,98,400 | 35.06% | 33.29% |
| Market Maker | 1,96,800 | 5.05% | |
| Total | 39,00,000 | 100.00% | 100.00% |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 73.05 | 111.90 | 11.54 | 19.37 | 37.89 | 27.08 | 18.42 |
| 31 Mar 2025 | 61.12 | 102.34 | 9.64 | 14.17 | 26.35 | 15.54 | 17.32 |
| 31 Mar 2024 | 32.66 | 68.74 | 4.18 | 6.95 | 16.71 | 16.45 | 11.24 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 10.00 |
| 2 | Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries | 6.26 |
| 3 | Funding of Working Capital Requirements | 14.83 |
| 4 | General Corporate Purposes | |
| Total | 31.09 |
About Company
Incorporated in March 2008, FX Multitech Limited is engaged in the distribution and export of a diverse portfolio of products catering primarily to the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. The Company offers a wide range of engineering and refrigeration products, including compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. It sources products from globally recognized manufacturers and supplies technologically advanced, reliable, energy-efficient and cost-effective solutions for industrial and commercial applications.
FX Multitech has a diversified distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. This multi-city presence enables the Company to serve customers across India with timely product delivery, technical support and after-sales service. The Company also exports its products, expanding its presence in international markets.
The Company has established relationships with global suppliers, including Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd., KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools and Honeywell Automation India Limited, among others.
The Company also has a subsidiary, Everestt Chillers Private Limited (ECPL), in which it acquired a 51% equity stake in January 2025. ECPL manufactures customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers, complementing FX Multitech’s existing refrigeration product portfolio.
As of July 31, 2026, the Company had a workforce of 48 personnel across sales and marketing, dispatch and logistics, administration, finance, purchase, legal and compliance, technical support and other functions.
Competitive Strengths
- Strong relationships with global suppliers.
- Wide and established distribution network.
- Efficient operations and supply chain management.
- Diversified product portfolio across multiple industries.
- Strong customer relationships supported by technical expertise.
Promoters
- Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal and Kanagalakshmi Selvaraj.
Documents
FX Multitech IPO Details — Frequently Asked Questions
What is FX Multitech IPO?
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