SME
IPO ·
BSE SME
FX Multitech Ltd
Listed
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
Issue details
Price band
₹110 – ₹116
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,78,400
Issue size
₹45.24 Cr
Fresh issue
₹38.92 Cr
Offer for sale
₹4.04 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
21 Sep 2026
Closes
23 Sep 2026
UPI mandate cut-off
5:00 PM on 23 Sep 2026
Allotment
24 Sep 2026
Refunds
25 Sep 2026
Shares in demat
25 Sep 2026
Listing
28 Sep 2026
Subscription and listing
Subscription
12.88x
Listing price
₹123.05
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Oneview Corporate Advisors
Subscription by category
Total
12.88x
Total applications
8,653
Anchor investors
Amount raised
₹12.79 Cr
Bid date
18 Sep 2026
50% lock-in ends
23 Oct 2026
Rest lock-in ends
23 Dec 2026
Listing day
Issue price
₹116
Open
₹123.05
High
₹129.20
Low
₹117.00
Day close
₹129.20
Listing gain at open
+6.08%
Issue structure
Shares reserved per category and share of the total issue
QIB
18,46,800
47.35%
Anchor Investor
11,02,800
28.28%
QIB (Ex. Anchor)
7,44,000
19.08%
NII
5,58,000
14.31%
bNII > ₹10L
3,72,000
9.54%
sNII < ₹10L
1,86,000
4.77%
Retail
12,98,400
33.29%
Market Maker
1,96,800
5.05%
Total
39,00,000
100.00%
Finaccle’s quick read
Neutral
FY26 income up 9%, PAT up 20%, ROE 37.63%, D/E 0.49, post-issue P/E 14.43x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
37.63%
ROCE
28.93%
Debt / equity
0.49
PAT margin
9.60%
P/E post issue
14.43
Market cap
₹166.57 Cr
Use of IPO money
Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
₹10.00 Cr
Investment in the subsidiary namely Everestt Chillers Pvt.Ltd. for purchase of machineries
₹6.26 Cr
Funding of Working Capital Requirements
₹14.83 Cr
General Corporate Purposes
₹6.00 Cr
Issue Expense
₹4.52 Cr
Strengths
✓
Strong relationships with global suppliers
✓
Wide and established distribution network
✓
PAT up 20% in FY26 to ₹11.54 Cr
✓
ROE of 37.63% and ROCE of 28.93%
✓
Moderate leverage: debt to equity 0.49
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 9.60%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.