FX Multitech IPO is a proposed SME public issue of 39 lakh equity shares, comprising a fresh issue of up to 35.52 lakh shares and an offer for sale of up to 3.48 lakh shares. The company plans to list its shares on the BSE SME platform. Oneview Corporate Advisors Private Limited is the Book Running Lead Manager, while MUFG Intime India Private Limited is the registrar to the issue. 

The company is promoted by Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal and Kanagalakshmi Selvaraj. The funds raised through the fresh issue are proposed to be used for repaying or prepaying borrowings, investing in subsidiary Everestt Chillers Private Limited for purchasing machinery, meeting working capital needs and general corporate purposes. 

About FX Multitech Ltd.

Incorporated in March 2008, FX Multitech Ltd. distributes and exports a range of engineering and refrigeration products mainly used in the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. 

Its product portfolio includes 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 other ancillary products. The Company sources these products from globally recognised manufacturers and supplies solutions for industrial and commercial applications with a focus on reliability, energy efficiency and cost-effectiveness. 

FX Multitech operates a multi-city distribution network with its headquarters in Ahmedabad, Gujarat, and warehouses in Hyderabad, Thane, Kolkata and Bangalore. This network helps the Company provide timely deliveries, technical assistance and after-sales support to customers across India, while its export operations provide access to international markets. 

The Company has established supplier relationships with manufacturers including Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd., KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools and Honeywell Automation India Limited, among others. 

FX Multitech also operates through its subsidiary, Everestt Chillers Private Limited (ECPL), in which it acquired a 51% equity stake in January 2025. ECPL manufactures customised industrial chillers, glycol chillers, chilled water air conditioners and effluent chillers, adding to the Company’s existing refrigeration product range. 

As of July 31, 2026, the Company had 48 employees across sales and marketing, dispatch and logistics, administration, finance, purchase, legal and compliance, technical support and other functions.