Home
Charts
Search
Watchlist
Products
All IPOs
₹110 - 116 Amounts at the upper price band.
FX Multitech Ltd
TradingIPOSME
₹110 - 116
Founded in 1994, FX Multitech Limited distributes heating, ventilation, and air-conditioning (HVAC) and industrial refrigeration components across India while integrating forward into proprietary chiller manufacturing through its majority-owned original equipment manufacturer (OEM, a producer of finished machinery) subsidiary. The company pairs wholesale distribution of global cooling brands with engineered, in-house chiller fabrication to capture higher margins across industrial process cooling installations.
Lot1,200Min Invest₹2,78,400Face Value₹10Issue Size₹45 CrFresh Issue₹41 CrOffer for Sale₹4 Cr
Timeline
21 Sept
Bidding opens
23 Sept
Bidding closes
24 Sept
Allotment
25 Sept
Refund & demat credit
28 Sept
Listing
Subscription · As of 6:17 PM, 21 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB0.00x17.51 L00.00NII0.88x5.29 L4.67 L5.42Retail0.07x12.31 L81,8780.95Total0.27x39.00 L10.53 L11.58
Reports
Offer Details
Terms
Issue Size₹45 Cr0.39 Cr shares
Fresh Issue₹41 Cr
Offer for Sale₹4 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.87% · NII 15.07% · RETAIL 35.06%
Application Sizes
Retail₹2,78,4001-1 lots
sNII₹2,78,400from 2 lots
bNII₹11,13,600from 8 lots
Managers & Registrar
Lead ManagerOneview Corporate Advisors Private Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAnita AgarwalPRMTR87,0001.01Subhash AgarwalPRMTR87,0001.01Selvaraj RangaswamyPRMTR87,0001.01Kanagalakshmi SelvarajPRMTR87,0001.01Total3,48,0004.04
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%72.85%Public0.01%27.15%
Objects of the Issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by its Company
- Investment in the company subsidiary namely Everestt Chillers Private Limited for purchase of machineries
- Funding of working capital requirements
- General Corporate Purposes
Anchor Book
Bid Date18-Sep-2026Bid Price₹116Shares11,02,800Amount₹13 Cr30-day lock-in23-Oct-202690-day lock-in22-Dec-2026
Financials
Profit & Loss
| Financial Year | FY25 | FY26 |
|---|---|---|
| RevenueCr | 102 | 126 |
| Operating ProfitCr | 14 | 19 |
| OPM% | 13.6 | 15.3 |
| PBTCr | 13 | 16 |
| PATCr | 10 | 12 |
| EPS | 9 | 11 |
Balance Sheet
| Financial Year | FY25 | FY26 |
|---|---|---|
| Equity CapitalCr | 11 | 11 |
| ReservesCr | 15 | 27 |
| BorrowingsCr | 22 | 26 |
| Total AssetsCr | 69 | 86 |
Cash Flow
| Financial Year | FY25 | FY26 |
|---|---|---|
| Operating Cash FlowCr | -2 | -1 |
| Investing Cash FlowCr | -2 | -1 |
| Financing Cash FlowCr | 3 | 2 |
| Net Cash FlowCr | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Relationship with global supplier.
- Wide and Established Distribution Network.
- Diversified product portfolio across multiple Industries.
- Customer relationships led by Technical Expertise.
- Efficient Operations and Supply Chain Management.
- Experienced management team.
Strategies · as stated in the DRHP
- Expansion into Value-Added Technical Solutions.
- Backward Integration & local assembly.
- Strengthening and expanding distribution network.
- Enhancing operational efficiencies through technology.
- Strategic partnerships with global manufacturers.
- Diversification into new high-growth product segments.
Risks · as stated in the DRHP
- The Company is highly dependent on a single supplier for a significant portion of its purchases, and any disruption in this relationship could adversely affect the company's business, results of operations and financial condition.
- The company's revenue from operations has varied in recent periods, and its may be unable to sustain or manage the company's growth, which could adversely affect its business and results of operations.
- The company does not have any long-term agreements with any of its customers. If the company's customers choose not to source their requirements from the company, it would lead to financial instability and operational uncertainty and the company's business and financial conditions may be adversely affected.
- The company's inability to collect receivables from its customers, or any default in payment by them, could adversely affect the company profitability, cash flows, and financial condition.
- Any delays or cost escalations in the proposed purchase of plant and machinery for the company's subsidiary could affect the implementation schedule and deployment of the Net Proceeds.
- The company has contingent liabilities that have not been provided for in its financials which if materialized, could adversely affect the company's financial condition.