FX Multitech (SME IPO)
📅 Dates: 21-23 September • 💰 Issue Size: ₹[.] Cr.Complete guide to FX Multitech SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (BSE SME) |
| Issue Dates | 21-23 September |
| Price Band | TBA |
| Total Issue Size | ₹[.] Cr. |
| Minimum Market Lot | TBA / Not Announced |
| Listing Price (Debut) | ₹124.95 (+₹4.05 (+3.35%) 🚀) |
| Subscription Status | 17.72x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐⭐☆ (4/5 - Strong Demand) |
🎯 Investment Analysis & Verdict
1. Business SummaryFX Multitech is an engineering and manufacturing company that provides specialized solutions, likely catering to industrial or commercial sectors including refrigeration and cooling systems through its subsidiaries. The company generates its revenue primarily from manufacturing, supplying, and installing heavy equipment and machinery, scaling its operations by integrating subsidiaries like Everestt Chillers.
2. Key Strengths
• Strategic Subsidiary Integration: Direct capital allocation toward Everestt Chillers enables vertical integration and enhances manufacturing capabilities in the high-demand chilling and cooling segment.
• Working Capital Expansion: A major chunk of IPO proceeds is dedicated to funding working capital, ensuring smoother execution of larger-scale B2B orders and reducing liquidity friction.
3. Key Risks & Watchouts
• Debt Burden: A significant portion of the capital (₹10.00 crore) is earmarked for debt repayment, indicating that current cash flows are heavily burdened by interest obligations.
• SME Liquidity & Volatility: As an SME IPO listed on the BSE, the stock will face lower trading volumes and higher circuit limits, making it prone to sharp price swings.
• Execution & Capex Risk: Timely deployment of funds for machinery and working capital is critical; any delays could strain projected return on capital employed (ROCE).
4. Retail Verdict
Given the heavy reliance on debt reduction and working capital stabilization, FX Multitech is a high-risk, growth-stage bet suited only for aggressive investors with a high risk appetite. Conservative retail investors should wait for post-listing performance and consistent financial delivery before committing capital.
📅 Tentative Timetable
| IPO Open Date: | September 21, 2026 |
| IPO Close Date: | September 23, 2026 |
| Basis of Allotment: | September 24, 2026 |
| Refunds: | September 25, 2026 |
| Credit to Demat Account: | September 25, 2026 |
| IPO Listing Date: | September 28, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 20.95x |
| Non-Institutional / HNI | 25.98x |
| Retail Individual (RII) | 12.31x |
| Total Subscription | 17.72x (Updated: 07 Oct, 17:47) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹68.74 | ₹63.12 | ₹4.18 | ₹32.66 |
| 2025 | ₹102.34 | ₹89.42 | ₹9.64 | ₹61.12 |
| 2026 | ₹111.90 | ₹96.41 | ₹11.54 | ₹73.05 |
🏢 About FX Multitech
FX Multitech IPO is SME IPO. The company is going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] per equity share. The IPO is to be listed on BSE.🎯 Objects of the Issue
• Repayment/pre-payment, in full or part, of certain borrowings availed by the Company: ₹10.00 Cr• Investment in the subsidiary namely Everestt Chillers Private Limited for purchase of machineries: ₹6.26 Cr
• Funding of working capital requirements: ₹14.83 Cr
• General corporate purposes
📬 Registrar & Allotment Information
MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: fxmultitech.smeipo@in.mpms.mufg.com Website: MUFG Intime India Private Limited💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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