FX Multitech SME IPO Subscription
ListedUpdated 28 September 2026, 9:15 AM IST· BSE SME
FX Multitech SME IPO subscription closed on 23 September 2026 at 17.79x overall by shares. QIB demand came in at 20.95x, NII at 26.34x, and retail at 12.31x. See Retail, SHNI, and BHNI allotment chances in the table…
FX Multitech SME IPO subscription closed on 23 September 2026 at 17.79x overall by shares. QIB demand came in at 20.95x, NII at 26.34x, and retail at 12.31x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 24 September 2026. Listing date on NSE and BSE is 28 September 2026.
FX Multitech SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 21 Sept 2026 | 0.00x | 1.19x | 0.07x | 0.29x |
| Day 2 - 22 Sept 2026 | 0.01x | 1.29x | 0.20x | 0.38x |
| Day 3 - 23 Sept 2026 | 20.95x | 25.98x | 12.31x | 17.72x |
FX Multitech SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
FX Multitech SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 12.31x | 1 in 12 |
| SHNI (Rs 2L to Rs 10L) | 17.73x | 1 in 18 |
| BHNI (above Rs 10L) | 10.27x | 1 in 10 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the FX Multitech SME IPO Allotment Status page from 24 September 2026 for your result.
FX Multitech SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 116.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 8.63 Cr | Rs 180.85 Cr | 20.95x |
| FII | - | Rs 13.64 Cr | - |
| DFI | - | Rs 91.87 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 166.29 Cr | - |
| NII | Rs 6.47 Cr | Rs 170.46 Cr | 26.34x |
| bNII (above Rs 10L) | Rs 4.32 Cr | Rs 131.18 Cr | 30.40x |
| Corporate | - | Rs 7.64 Cr | - |
| Individual | - | Rs 117.35 Cr | - |
| Other | - | Rs 6.19 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.16 Cr | Rs 39.28 Cr | 18.21x |
| Corporate | - | Rs 1.63 Cr | - |
| Individual | - | Rs 36.23 Cr | - |
| Other | - | Rs 1.42 Cr | - |
| IND | Rs 15.06 Cr | Rs 185.41 Cr | 12.31x |
| Fixed price | - | Rs 185.41 Cr | - |
| Total | Rs 30.16 Cr | Rs 536.73 Cr | 17.79x |
FX Multitech SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 620 | 42 | 0.07x |
| FII | - | 5 | - |
| DFI | - | 22 | - |
| Mutual Funds | - | - | - |
| Other | - | 15 | - |
| NII | 155 | 1,980 | 12.77x |
| bNII (above Rs 10L) | 103 | 1,058 | 10.27x |
| Corporate | - | 45 | - |
| Individual | - | 960 | - |
| Other | - | 53 | - |
| sNII (Rs 2L to Rs 10L) | 52 | 922 | 17.73x |
| Corporate | - | 39 | - |
| Individual | - | 849 | - |
| Other | - | 34 | - |
| IND | 541 | 6,660 | 12.31x |
| Fixed price | - | 6,660 | - |
| Total | 1,316 | 8,682 | 6.60x |
What Do These Subscription Numbers Mean?
17.79x overall by shares means bids covered about 18 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 20.95x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (12.77x by applications). Split: SHNI 17.73x, BHNI 10.27x by applications. SHNI and BHNI allotment is by lottery.
At 12.31x subscription by applications, about 1 in 12 retail applicants may get allotment (~8% chance per application). Retail allotment is also by lottery.
FX Multitech SME IPO GMP After Subscription
GMP for FX Multitech SME stands at Rs 7.00 today, giving an estimated listing price of Rs 123.00 per share.
The GMP has been mixed from Rs 4.00 on 23 Sept 2026 to Rs 6.00 on 28 Sept 2026.
A subscription of 17.79x combined with a GMP of 6.03% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the FX Multitech SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
FX Multitech SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 21 September 2026 |
| IPO Close Date | 23 September 2026 |
| Allotment Date | 24 September 2026 |
| Refund Initiation | 25 September 2026 |
| Share Credit to Demat | 25 September 2026 |
| Listing Date | 28 September 2026 |
| Minimum Investment | Rs 2,78,400.00 |
| Lot Size | 1200 shares |
About FX Multitech SME
Incorporated in 2008, FX Multitech Limited is an Ahmedabad-based specialized distributor and exporter of engineering components primarily catering to the Heating, Ventilation, Air Conditioning, and Industrial Refrigeration (HVAC&R) industry. The company sources and supplies critical technical products—including compressors, AC & refrigeration controls, variable frequency drives (VFDs), automation equipment, and refrigerants—from globally recognized manufacturers like Danfoss, Transfer Oil, Testo, and Refco. In January 2025, the company acquired a 51% controlling stake in Everestt Chillers Private Limited (ECPL) in Coimbatore, transitioning towards backward integration and manufacturing of customized industrial chillers, glycol chillers, and air handling equipment.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
FX Multitech SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
FX Multitech SME Details
Issue size, price, financials, and company info
FX Multitech SME GMP
Live grey market premium and listing estimate
FX Multitech SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
FX Multitech SME Allotment
Allotment date, chances, and check by PAN
FX Multitech SME Review
SWOT, strengths, risks, and IPO review
FX Multitech SME FAQ
Common questions on dates, GMP, and allotment
FX Multitech SME Registrar
Registrar website and how to check allotment
FX Multitech SME Timeline
Open, close, allotment, and listing dates
FX Multitech SME News
Updates, blogs, and latest IPO news
FX Multitech SME IPO Subscription FAQs
What is FX Multitech SME IPO subscription status today?
FX Multitech SME IPO subscription closed on 23 September 2026 with overall subscription of 17.79x (by shares) as of 12 October 2026, 5:01 AM IST. QIB 20.95x, NII 12.77x, IND 12.31x.
What is the overall subscription of FX Multitech SME IPO?
FX Multitech SME IPO is subscribed 17.79x overall by shares at close on 23 September 2026. QIB 20.95x, NII 12.77x, and IND 12.31x.
What is FX Multitech SME IPO QIB subscription?
FX Multitech SME IPO QIB (Qualified Institutional Buyers) subscription is 20.95x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is FX Multitech SME IPO IND subscription?
FX Multitech SME IPO IND subscription is 12.31x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is FX Multitech SME IPO NII, SHNI, and BHNI subscription?
FX Multitech SME IPO NII subscription is 12.77x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 17.73x and BHNI (above Rs 10L) at 10.27x.
What are FX Multitech SME IPO retail allotment chances?
At 12.31x subscription by applications, about 1 in 12 retail applicants may get allotment (~8% chance per application). Allotment is by lottery.
What are FX Multitech SME IPO SHNI allotment chances?
At 17.73x subscription by applications, about 1 in 18 SHNI applicants may get allotment (~6% chance per application). Allotment is by lottery.
What are FX Multitech SME IPO BHNI allotment chances?
At 10.27x subscription by applications, about 1 in 10 BHNI applicants may get allotment (~10% chance per application). Allotment is by lottery. Share subscription was 30.40x. Allotment chances use applications, not share volume.
When is FX Multitech SME IPO allotment date?
FX Multitech SME IPO allotment date is 24 September 2026. Check FX Multitech SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does FX Multitech SME IPO subscription close?
FX Multitech SME IPO subscription closed on 23 September 2026. No new applications are accepted after the close.
What is FX Multitech SME IPO GMP today?
FX Multitech SME IPO GMP is ₹7 today (+6.03% over issue price ₹116). See live GMP on the FX Multitech SME IPO GMP Today page.
What is FX Multitech SME IPO issue price and lot size?
FX Multitech SME IPO issue price is ₹116 per share. Lot size is 1200 shares. Minimum investment is ₹2,78,400 per lot (minimum 2 lots for SME). Issue size: ₹45.24 Cr.
When is FX Multitech SME IPO listing date?
FX Multitech SME IPO listing date is 28 September 2026 on NSE and BSE. Allotment is on 24 September 2026.
How does subscription affect FX Multitech SME IPO allotment?
In FX Multitech SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 17.79x overall, competition is high.
For allotment results from 24 September 2026, visit the FX Multitech SME IPO Allotment Status page. For listing day updates on 28 September 2026, download the IPOwiz App.
Sources
We match FX Multitech SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.