FX Multitech SME IPO 2026: Date, Price, GMP & Details

FX Multitech SME IPO 2026 is a book-built SME public issue of FX Multitech Limited, an engineering product distribution company serving the HVAC, air-conditioning and industrial refrigeration sectors. The IPO is scheduled to open for subscription on 21 September 2026 and close on 23 September 2026. The shares are proposed to be listed on the BSE SME platform.

The IPO has a price band of ₹110 to ₹116 per equity share and comprises up to 39 lakh equity shares, including a fresh issue and an offer for sale. At the upper price band, the total issue size is approximately ₹45.24 crore.

FX Multitech SME IPO – Key Details

The issue consists of 35.52 lakh fresh shares and 3.48 lakh shares through an Offer for Sale (OFS). The minimum application for individual investors is reported as two lots, or 2,400 shares, which requires ₹2.784 lakh at the upper price band.

About FX Multitech Limited

FX Multitech Limited was incorporated in 2008 and is headquartered in Ahmedabad, Gujarat. The company operates as a distributor and exporter of engineering products, primarily serving the HVAC and industrial refrigeration industries.

Its product portfolio includes compressors and condensing units, refrigeration and air-conditioning controls, industrial refrigeration controls, variable-frequency drives, automation products, heat exchangers, cold-room evaporators, refrigerants, tools and other specialised components.

The company has also expanded its activities toward system integration and has a controlling interest in Everest Chillers, a manufacturer of chillers. FX Multitech operates warehouses in locations including Ahmedabad, Hyderabad, Thane, Kolkata and Bengaluru.

FX Multitech IPO Issue Size

The total IPO comprises up to 39,00,000 equity shares.

• Fresh Issue: 35,52,000 shares
• Offer for Sale: 3,48,000 shares
• Total: 39,00,000 shares
• Price Band: ₹110–₹116
• Maximum Issue Size: ₹45.24 crore

At the upper price of ₹116, the fresh issue is worth approximately ₹41.20 crore, while the OFS portion is approximately ₹4.04 crore.

FX Multitech IPO Lot Size and Minimum Investment

The reported lot size is 1,200 shares. However, the minimum application for an individual investor is 2 lots, or 2,400 shares.

At the upper price band of ₹116:

2,400 × ₹116 = ₹2,78,400

Therefore, investors applying under the individual category should consider a minimum application amount of approximately ₹2.78 lakh.

FX Multitech IPO Timeline

The dates are subject to the final issue schedule and exchange/registrar updates.

FX Multitech IPO GMP

FX Multitech IPO GMP (Grey Market Premium) is an unofficial indicator that can change frequently before listing. GMP transactions take place outside the formal stock-exchange mechanism and are not guaranteed to translate into actual listing gains.

As of the latest available IPO information, some sources show GMP data as unavailable or not established. Investors should therefore avoid treating an unverified GMP figure as a confirmed listing-price estimate.

For the latest IPO GMP Today, investors should check updated market information close to the issue and listing dates.

Use of FX Multitech IPO Funds

The fresh issue proceeds are intended to support the company's business and growth requirements as described in its offer documents. Investors should refer to the latest RHP for the precise allocation of proceeds and the company's stated objectives.

The IPO also includes an OFS component, under which certain existing shareholders will sell shares. The OFS proceeds go to the selling shareholders rather than to the company.

FX Multitech Business Model

FX Multitech operates within the engineering-product distribution and industrial refrigeration ecosystem. Its business involves sourcing and distributing specialised equipment and components for HVAC and refrigeration applications.

The company provides products such as:

• Compressors and condensing units
• HVAC and refrigeration controls
• Industrial refrigeration controls
• Variable-frequency drives
• Automation products
• Heat exchangers
• Cold-room evaporators
• Refrigerants
• Specialised tools and components

Its application-focused approach includes combining different products and components according to customer requirements.

FX Multitech IPO Financial Performance

Investors should review the latest RHP and audited financial statements before making an investment decision. Public IPO databases provide financial information for recent financial years, but figures can vary depending on whether they are presented on standalone or consolidated bases.

The company's business is exposed to factors such as demand from HVAC and refrigeration markets, product costs, working-capital requirements, competition and broader industrial activity.

FX Multitech IPO – Important Points to Check

Before applying for the IPO, investors should review:

• IPO price band
• Minimum application amount
• Company's revenue and profitability
• Working-capital requirements
• Industry competition
• Business and operational risks
• Fresh issue versus OFS
• Promoter shareholding
• Latest subscription figures
• Latest IPO GMP, if available
• Valuation at the IPO price
• Risk factors mentioned in the RHP

SME IPOs can also have different trading, liquidity and application characteristics compared with mainboard IPOs.

FX Multitech IPO Listing

FX Multitech shares are scheduled to be listed on the BSE SME platform, with the tentative listing date reported as 28 September 2026.

The actual listing and trading schedule should be confirmed through the exchange and registrar closer to the listing date.

About Company

FX Multitech Limited was incorporated on March 27, 2008 as FX Multitech Private Limited and was subsequently converted into a public limited company and renamed FX Multitech Limited on December 19, 2024.

Established in 2008 in Ahmedabad, Gujarat, the Company is engaged in the distribution and export of engineering products, primarily serving the refrigeration and HVAC industries. It offers a comprehensive range of products including compressors, refrigeration and industrial refrigeration controls, variable frequency drives and automation, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products.

The Company focuses on partnering with globally recognized manufacturers such as Danfoss Industries, Transfer Oil, Quang Thang Mechanics and Refrigeration, Kuzu Flex Metal, Testo India, Refco Manufacturing, US HVAC & Weld Tools and Honeywell Automation India, among others, to provide technologically advanced products for diverse industrial and commercial applications.

Strengths

Strong Global Supplier Relationships: Established relationships with suppliers across Europe and Asia, enabling access to diverse products, components and technological innovations while strengthening competitiveness and market credibility.

Wide & Established Distribution Network: A strong distribution network across multiple Indian states, supported by strategically located warehouses and streamlined logistics, enables timely service and supports business scalability.

Diversified Product Portfolio: Offers products across HVAC, refrigeration, automation, electrical components and industrial accessories, reducing dependence on a single sector and catering to contractors, distributors and end users across diverse industries.

Risk Factors

Dependence on Key Suppliers: A significant portion of purchases depends on a limited number of suppliers, including a single supplier. Since purchases are not covered by long-term supply agreements, any disruption could affect business and financial performance.

No Long-Term Customer Agreements: The Company has no long-term contracts or binding purchase commitments with customers. Customers may reduce, delay, cancel or shift orders to competitors, affecting revenue, capacity utilization, cash flows and operational efficiency.

Customer Receivables & Payment Risk: Credit is extended to customers, creating a risk of delayed or non-payment of receivables due to financial difficulties, disputes, administrative delays or other factors, which could adversely affect profitability and cash flows.

Conclusion

The FX Multitech SME IPO 2026 is a ₹45.24 crore book-built issue at the upper price band, consisting of a fresh issue and an offer for sale. The IPO is scheduled to open from 21 September to 23 September 2026, with a price band of ₹110–₹116 per share and a reported minimum individual application of 2,400 shares.

FX Multitech operates in the HVAC, air-conditioning and industrial-refrigeration engineering-product distribution space. Investors should study the company's RHP, financials, valuation and risk factors before deciding whether the IPO fits their investment objectives.

FAQs About FX Multitech SME IPO

1. When does FX Multitech IPO open?
FX Multitech IPO is scheduled to open on 21 September 2026.

2. When does FX Multitech IPO close?
The IPO is scheduled to close on 23 September 2026.

3. What is the FX Multitech IPO price band?
The price band is ₹110 to ₹116 per share.

4. What is the FX Multitech IPO lot size?
The reported lot size is 1,200 shares.

5. What is the minimum investment in FX Multitech IPO?
The reported minimum individual application is 2,400 shares, requiring ₹2,78,400 at the upper price band.

6. What is the FX Multitech IPO issue size?
The total issue size is approximately ₹45.24 crore at the upper price band.

7. Where will FX Multitech IPO be listed?
The IPO is proposed to be listed on the BSE SME platform.

8. What does FX Multitech Limited do?
FX Multitech distributes and exports engineering products used in HVAC, air-conditioning and industrial refrigeration applications.

9. What is FX Multitech IPO GMP today?
GMP is an unofficial market indicator and can change frequently. Current published sources do not provide a consistent verified GMP figure, so investors should check the latest available market data before using GMP as a reference.