FX Multitech Limited
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₹5.52(4.76%)
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FX Multitech Limited's achieved publicly listed status following its IPO debut on Sep 28, 2026 at the BSE platform. The offering successfully mobilized 39,00,000 Shares, with 35,52,000 Shares allocated to corporate growth initiatives and ₹4.03 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹110 to ₹116, starting from minimum lots of 1200 shares. The subscription window from Sep 21, 2026 through Sep 23, 2026 enabled investor participation across market segments.
Share allocation was completed on Sep 24, 2026, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Global Supplier Relationships: The company has established supplier relationships across Europe and Asia, providing access to a wide range of products, components and new technologies. This supports its competitiveness and market reputation.
- Wide & Established Distribution Network: The company has a strong distribution network across several Indian states, supported by strategically placed warehouses and efficient logistics. This helps ensure timely deliveries and supports business expansion.
- Diversified Product Portfolio: The company offers products across HVAC, refrigeration, automation, electrical components and industrial accessories. This reduces reliance on a single sector and helps serve customers across different industries.
- Dependence on Key Suppliers: A large portion of purchases comes from a limited number of suppliers, including one major supplier. As there are no long-term supply agreements, any disruption could negatively impact operations and financial performance.
- No Long-Term Customer Agreements: The company does not have long-term contracts or fixed purchase commitments with customers. Customers may reduce, delay or cancel orders or move to competitors, affecting revenue, capacity utilisation, cash flows and operational efficiency.
- Customer Receivables & Payment Risk: The company provides credit to customers, creating a risk of delayed or unpaid receivables. Customer financial issues, disputes or administrative delays could impact profitability and cash flows.
- Subhash Agarwal
- Selvaraj Rangaswamy
- Anita Agarwal
- Kanagalakshmi Selvaraj
FX Multitech Limited
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