Industrial Products & Trading - Listed on 28 September 2026
FX Multitech (Industrial Products & Trading) closed its IPO window in 2026 and listed on NSE and BSE on 28 September 2026 at an upper band issue price of Rs 116, opening at Rs 123.05 for a listing gain of +6.1% and closing day one at Rs 129.2 (+11.4% on closing basis). The IPO was subscribed 16.54x overall - QIB 20.95x, HNI/NII 19.47x, Retail 12.31x. The total issue size was Rs 45.24 Cr (Fresh Issue Rs 41.2 Cr, OFS Rs 4.04 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Industrial Products & Trading
FX Multitech operates in the Industrial Products & Trading space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The FX Multitech issue was offered at an upper price of Rs 116 and raised approximately Rs 45.24 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 0 | 0.00% |
| Day 2 | Rs 4 | +3.45% |
| Day 3 | Rs 6 | +5.17% |
| Day 4 | Rs 8 | +6.90% |
| Day 5 | Rs 6.5 | +5.60% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the FX Multitech IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
FX Multitech IPO listed at +6.1% versus the upper issue price of Rs 116 on 28 September 2026.
FX Multitech IPO was subscribed 16.54x overall. QIB portion was subscribed 20.95x, HNI / NII 19.47x and Retail 12.31x.
IPO GMP started at Rs 0 on Day 1 and moved to Rs 6.5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.