
Capital Goods · BSE
FX Multitech Limited, incorporated in March 2008, is engaged in the distribution and export of engineering and refrigeration products, primarily serving the HVAC and industrial refrigeration industries. Its product portfolio includes compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives, automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and other ancillary products. The Company sources products from globally recognized manufacturers and provides reliable, energy-efficient and cost-effective solutions for industrial and commercial applications. Headquartered in Ahmedabad, Gujarat, FX Multitech has warehouses in Hyderabad, Thane, Kolkata and Bangalore, enabling it to serve customers across India with timely delivery, technical assistance and after-sales support, while also catering to international markets through exports. The Company has established relationships with various global suppliers and also operates through its subsidiary, Everestt Chillers Private Limited, in which it acquired a 51% stake in January 2025. The subsidiary manufactures customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers, complementing FX Multitech’s refrigeration product range. As of July 31, 2026, the Company had 48 employees across sales and marketing, logistics, administration, finance, purchasing, legal and compliance, technical support and other functions.
Price Band
₹110 – ₹116
Issue Size
₹390.00 L Cr
Lot Size
1200 shares
GMP
+2.6%
Est. Listing
₹119
at current GMP
Subscribed
17.72x
overall
Open
21 Sep 2026
Close
23 Sep 2026
Allotment
24 Sep 2026
Refund
25 Sep 2026
Demat Credit
26 Sep 2026
Listing
28 Sep 2026
Last updated: 24 Sept 2026
Current Premium
Issue Price (Upper)
₹116
Band: ₹110 – ₹116
Estimated Listing Price
₹119
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,39,200
Estimated Profit / Lot
₹3,600
1200 × ₹3
Grey Market Premium trend
+₹3
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 28 Sep 2026 | +₹3 | 2.6% | ₹119 |
| 26 Sep 2026 | +₹3 | 2.6% | ₹119 |
| 25 Sep 2026 | +₹3 | 2.3% | ₹119 |
GMP is unofficial market data. Not a guarantee of listing performance.
FX Multitech Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹39,00,000 Crores. The shares are offered at a price band of ₹110 to ₹116 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-09-23, the basis of allotment is scheduled to be finalized on 2026-09-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for FX Multitech Limited IPO is ₹3, which indicates an expected listing price of ₹119.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.