About FX Multitech Ltd IPO
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.
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 is
FX Multitech IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 49.87% | 19,44,930 crores |
| Non-Institutional Investors (NIIs) | 15.07% | 5,87,730 crores |
| Retail Individual Investors (RIIs) | 35.06% | 13,67,340 crores |
FX Multitech IPO Strengths & Weaknesses
Established relationships with global suppliers.
Distribution network across multiple cities in India.
Diversified range of HVAC and industrial refrigeration products.
Efficient supply chain and distribution operations.
Strong customer relationships supported by technical expertise.
Subsidiary adds customised industrial chiller capabilities.
FX Multitech IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 24 Sep '26 | 28 Sep '26 | 25 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 39,00,000 shares (aggregating up to ₹2,78,400 crores) |
| Fresh Issue | 3,35,520 shares (aggregating up to ₹33,55,200 crores) |
| Offer for Sale | 34,800 shares of ₹10 (aggregating up to ₹3,48,000 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
FX Multitech IPO Lot Size and Investment Details
| Minimum Lot Size | 1,200 shares |
| Maximum Lot Size (Retail) | 3,600 shares |
The lot size of FX Multitech ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for FX Multitech IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
FX Multitech IPO Contact & Registrar Details
Contact Details
Address
C-907 908 Titanium Square, Thaltej Cross Road, Thaltej, Ahmedabad
Phone Number
Website
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
FX Multitech Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Oneview Corporate Advisors Pvt.Ltd. |