
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
Overall Subscription
17.72x
Total Demand
QIB Multiplier
20.95x
Institutions & Funds
NII / HNI
25.98x
High Net-Worth
Retail (RII)
12.31x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 744,000 | 15,590,400 | 20.95x |
| NIB | 558,000 | 14,498,400 | 25.98x |
| HNIs(10L +) | 372,000 | 11,112,000 | 29.87x |
| HNIs (2-10L) | 186,000 | 3,386,400 | 18.21x |
| RETAIL | 1,298,400 | 15,984,000 | 12.31x |
| Total | 3,158,400 | 60,571,200 | 17.72x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 541 | 6,660 | 12.31x |
| HNIs(10L +) | 103 | 1,058 | 10.27x |
| HNIs (2-10L) | 52 | 849 | 16.33x |
| Total Applications | 696 | 8,567 | 12.31x |
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 FX Multitech Limited IPO aggregate issue size is ₹39,00,000 Crores with an equity price band set at ₹110 to ₹116 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,39,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-09-24.