FX Multitech IPO

FX Multitech was incorporated in March 2008 as FX Multitech Private Limited and was converted into a public limited company in December 2024. The company operates as a distributor and exporter rather than primarily as a manufacturer, with a product portfolio covering HVAC and industrial refrigeration requirements. Its stated competitive strengths include relationships with global suppliers, an established distribution network, a diversified product portfolio, customer relationships supported by technical expertise and supply-chain capabilities. The company also has a subsidiary, Everestt Chillers Private Limited, into which part of the IPO proceeds will be invested for machinery. The company is promoted by Subhash Agarwal, Selvaraj Rangaswamy, Anita Agarwal and Kanagalakshmi Selvaraj. :contentReference[oaicite:4]{index=4}

IPO_DETAILS_LONG: FX Multitech Limited is conducting a book-built SME IPO comprising a fresh issue of 35,52,000 equity shares and an offer for sale of 3,48,000 equity shares, for a total of 39,00,000 shares. The price band is ₹110 to ₹116 per share and the face value is ₹10 per share. At the upper price band, the total issue size is ₹45.24 Cr, including ₹41.20 Cr of fresh issue and ₹4.04 Cr of OFS. The IPO opened on September 21, 2026 and closes on September 23, 2026, with allotment scheduled for September 24 and listing scheduled for September 28, 2026 on BSE SME. The company intends to use the fresh issue proceeds for repayment or pre-payment of borrowings, investment in Everestt Chillers for machinery, working capital and general corporate purposes. FY26 Total Income was ₹111.90 Cr and PAT was ₹11.54 Cr, compared with ₹102.34 Cr and ₹9.64 Cr respectively in FY25. FY26 ROE was 37.63%, ROCE was 28.93%, RoNW was 31.80% and debt-to-equity was 0.49x. :contentReference[oaicite:5]{index=5}