FX Multitech
Minimum investment
Employee
₹—
HNI
—
Retail application
₹1,32,000
IPO open date
21 Sept
IPO close date
23 Sept
Allotment date
25 Sept
Funds unblock or debit
25 Sept
Tentative listing date
28 Sept
FX Multitech Limited is a distributor and exporter of products for 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, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. The company sources products from manufacturers and supplies them to industrial and commercial customers in India and overseas. Its suppliers include 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 Ltd., among others. The company is headquartered in Ahmedabad, Gujarat, and has warehouses in Hyderabad, Thane, Kolkata, and Bangalore. Its subsidiary, Everestt Chillers Private Limited, manufactures customised industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers
All values are in ₹ Cr
68.52
FY24
102
FY25
112
FY26
- The company has relationships with suppliers across Europe and Asia in the HVAC and industrial refrigeration industry. These relationships allow it to source products and components from multiple global suppliers.
- The company operates warehouses across multiple locations in India. Its distribution network includes warehouses in Hyderabad, Thane, Kolkata, and Bangalore, supporting its operations across different regions.
- The company has a diversified product portfolio covering multiple industrial applications. Its products span HVAC, refrigeration, automation, electrical components, and industrial accessories, reducing its dependence on a single product category or industry.
- The company has a supplier base that includes established international and Indian manufacturers. Its suppliers include Danfoss Industries Private Limited, Transfer Oil S.P.A., Testo India Private Limited, Refco Manufacturing Limited and Honeywell Automation India Limited, among others.
- The company also exports products and engineering components for refrigeration and HVAC applications.
- The company is led by promoters with over six decades of combined industry experience. Its leadership team comprises Subhash Agarwal, Managing Director, and Selvaraj Rangaswamy, Whole-time Director.
- The company has a subsidiary engaged in the manufacture of customised refrigeration equipment. Everest Chillers Private Limited, in which the company acquired a 51% equity stake effective January 10, 2025, manufactures industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers.
- The company has shown a consistent increase in revenue from operations and profit after tax. Revenue from operations increased from Rs 68.52 crore to Rs 101.77 crore and then to Rs 111.57 crore in FY24, FY25, and FY26, respectively. Profit after tax increased from Rs 4.18 crore to Rs 9.64 crore and then to Rs 11.54 crore during the same period.
FAQs
What is the issue size of FX Multitech IPO?
The issue size is ₹45 Cr.
What is the price band of FX Multitech IPO?
The price band is ₹110 to ₹116 per share.
What is the GMP of FX Multitech today?
The latest GMP is ₹0.
What is the subscription status of FX Multitech?
The latest available subscription figures are Overall 6.63x.
What are the open and close dates of FX Multitech IPO?
The IPO opens on 21 Sept 2026 and closes on 23 Sept 2026.
What is the allotment chance of FX Multitech IPO?
Allotment chance is not available because retail subscription data is not available.
What is the lot size of FX Multitech IPO?
The lot size is 1,200 shares.
Who is the registrar of FX Multitech IPO?
MUFG Intime India Private Limited
GMP Today
•Est. premium
₹0
0.0%
Allotment Chance
i—
Based on retail subscription
FX Multitech IPO
FX Multitech
₹1,32,000/ 1,200 shares
Minimum investment
IPO details
IPO details
Minimum investment
₹1,32,000
Price range
₹110 - ₹116
Lot size
1,200
Issue size
₹45 Cr
IPO document
RHP PDF
Subscription rate
Subscription rate
Application Details
Schedule
Schedule
IPO open date
21 Sept 2026
IPO close date
23 Sept 2026
Allotment date
25 Sept 2026
Funds unblock or debit
25 Sept 2026
Tentative listing date
28 Sept 2026
About
About
Industry
Air Conditioners
Registrar
MUFG Intime India Private Limited
Lead Manager
—
FX Multitech Limited is a distributor and exporter of products for 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, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. The company sources products from manufacturers and supplies them to industrial and commercial customers in India and overseas. Its suppliers include 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 Ltd., among others. The company is headquartered in Ahmedabad, Gujarat, and has warehouses in Hyderabad, Thane, Kolkata, and Bangalore. Its subsidiary, Everestt Chillers Private Limited, manufactures customised industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers
Financials
Financials
All values are in ₹ Cr
68.52
FY24
102
FY25
112
FY26
Pros & Cons
- The company has relationships with suppliers across Europe and Asia in the HVAC and industrial refrigeration industry. These relationships allow it to source products and components from multiple global suppliers.
- The company operates warehouses across multiple locations in India. Its distribution network includes warehouses in Hyderabad, Thane, Kolkata, and Bangalore, supporting its operations across different regions.
- The company has a diversified product portfolio covering multiple industrial applications. Its products span HVAC, refrigeration, automation, electrical components, and industrial accessories, reducing its dependence on a single product category or industry.
- The company has a supplier base that includes established international and Indian manufacturers. Its suppliers include Danfoss Industries Private Limited, Transfer Oil S.P.A., Testo India Private Limited, Refco Manufacturing Limited and Honeywell Automation India Limited, among others.
- The company also exports products and engineering components for refrigeration and HVAC applications.
- The company is led by promoters with over six decades of combined industry experience. Its leadership team comprises Subhash Agarwal, Managing Director, and Selvaraj Rangaswamy, Whole-time Director.
- The company has a subsidiary engaged in the manufacture of customised refrigeration equipment. Everest Chillers Private Limited, in which the company acquired a 51% equity stake effective January 10, 2025, manufactures industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers.
- The company has shown a consistent increase in revenue from operations and profit after tax. Revenue from operations increased from Rs 68.52 crore to Rs 101.77 crore and then to Rs 111.57 crore in FY24, FY25, and FY26, respectively. Profit after tax increased from Rs 4.18 crore to Rs 9.64 crore and then to Rs 11.54 crore during the same period.
Frequently Asked Questions
What is the issue size of FX Multitech IPO?
The issue size is ₹45 Cr.
What is the price band of FX Multitech IPO?
The price band is ₹110 to ₹116 per share.
What is the GMP of FX Multitech today?
The latest GMP is ₹0.
What is the subscription status of FX Multitech?
The latest available subscription figures are Overall 6.63x.
What are the open and close dates of FX Multitech IPO?
The IPO opens on 21 Sept 2026 and closes on 23 Sept 2026.
What is the allotment chance of FX Multitech IPO?
Allotment chance is not available because retail subscription data is not available.
What is the lot size of FX Multitech IPO?
The lot size is 1,200 shares.
Who is the registrar of FX Multitech IPO?
MUFG Intime India Private Limited
GMP Today
₹0
Estimated Premium
0.0%
Allotment Chance
—