FX Multitech IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 68.74 | 102.34 | 111.90 |
| Expense | 63.12 | 89.42 | 96.41 |
| Profit (PAT) | 4.18 | 9.64 | 11.54 |
| Total Assets | 32.66 | 61.12 | 73.05 |
Strengths & Risks
- Strong institutional (QIB) demand — 21.0x.
- Solid profit margin — 10.3%.
- Strong return on equity — 38%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About FX Multitech
Since its foundation in March 2008, FX Multitech has mainly sold and distributed various types of products used in HVAC (Heating, Ventilation, and Air Conditioning) and industrial refrigeration industries. The firm provides 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. FX Multitech sources its products from various global suppliers and has a diversified distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. Moreover, the firm is also exporting its products, trying to expand its presence in international markets.
Company Contact Information
C-907 908 Titanium Square, Thaltej Cross Road, Thaltej, Ahmedabad Gujarat
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 10.00 |
| Investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries | 6.26 |
| Funding of working capital requirements | 14.83 |
| General corporate purposes | - |
Resources & Documents
Anchor Investors
FX Multitech IPO - Quick Take
FX Multitech has set a price band of Rs 110–Rs 116 per share for an issue size of Rs 45 crore. The stock listed with a 6.08% gain versus its issue price on September 28, 2026.
The issue is promoted by Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal, Kanagalakshmi Selvaraj with Oneview Corporate Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/pre-payment, in full or part, of certain borrowings availed by the Company (Rs 10 crore) and investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries (Rs 6 crore).
On fundamentals, the company is posting revenue growth of 9.3%, a profit margin of 10.3%, return on equity of 37.6% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
FX Multitech IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 5.6%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; FX Multitech listed 6.1% above its issue price.
See the full FX Multitech GMP history and trend, or learn how grey market premium works and how reliable it is.
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