FX Multitech IPO (BSE SME)
₹139,200 /1200 shares
Minimum Investment
FX Multitech IPO (BSE SME) Details
Min. Investment
₹139,200
Lot Size
1200
Price Range
₹110 to ₹116
Issue Size
₹45 Cr
About FX Multitech Ltd.
Incorporated in March 2008, FX Multitech Limited is engaged in the distribution and export of a diverse portfolio of products catering primarily to the HVAC (Heating, Ventilation and Air Conditioning) and industrial refrigeration industries. The Company offers a wide range of engineering and refrigeration products, including compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialized components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. It sources products from globally recognized manufacturers and supplies technologically advanced, reliable, energy-efficient and cost-effective solutions for industrial and commercial applications.
- RHP View
Strengths & Financials of FX Multitech Ltd.
Stallion India Fluorochemicals operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). The company states that these facilities are specifically designed and equipped to store gases under controlled conditions and are located near customers.- The company serves a wide range of industries, including air conditioning and refrigeration, fire safety, semiconductor manufacturing, automobile production, pharmaceuticals, medical applications, glass bottle production, aerosols, and spray foam. Stallion India Fluorochemicals states that this diverse client base showcases the demand for the company’s products across various sectors.
- The company is ISO 9001:2015 certified for quality management systems for its compliance in the filling and sale of compressed refrigerant gases.
- The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 185.88 crore in FY22 to Rs 225.50 crore in FY23 to Rs 233.23 crore in FY24.
Stallion India Fluorochemicals operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). The company states that these facilities are specifically designed and equipped to store gases under controlled conditions and are located near customers.- The company serves a wide range of industries, including air conditioning and refrigeration, fire safety, semiconductor manufacturing, automobile production, pharmaceuticals, medical applications, glass bottle production, aerosols, and spray foam. Stallion India Fluorochemicals states that this diverse client base showcases the demand for the company’s products across various sectors.
- The company is ISO 9001:2015 certified for quality management systems for its compliance in the filling and sale of compressed refrigerant gases.
- The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 185.88 crore in FY22 to Rs 225.50 crore in FY23 to Rs 233.23 crore in FY24.
Tentative Date / Timetable
| Bid/Offer Opens On | Sep 21, 2026 |
| Bid/Offer Closes On | Sep 23, 2026 |
| Finalisation of Basis of Allotment | Sep 24, 2026 |
| Initiation of Refunds | Sep 25, 2026 |
| Credit of Shares to Demat Acct | Sep 25, 2026 |
| IPO Shares Listing Date | Sep 28, 2026 |
Company Promoters
| 1. | Subhash Agarwal |
| 2. | Selvaraj Rangaswamy |
| 3. | Anita Agarwal and Kanagalakshmi Selvaraj. |
Lead Managers
| 1. | Oneview Corporate Advisors Pvt.Ltd. |
Contact Information
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IPO Registrar
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