FX Multitech IPO: GMP, Pricing, Allotment Details, and 2026 Profit Estimates Revealed!

FX Multitech is set to make its debut on the BSE SME after launching an IPO that encompasses 39,00,000 shares, comprising a fresh issue of 35,52,000 shares and an offer for sale of 3,48,000 shares. While the precise issue price and bid details are yet to be disclosed, the company aims to use the proceeds primarily for debt repayment, investment in its subsidiary Everestt Chillers, and enhancing working capital. FX Multitech is headquartered in Ahmedabad and specializes in the distribution and export of components used in the HVAC and industrial refrigeration sectors, making it a notable player in this niche market.

Market sentiment in the grey market surrounding FX Multitech’s IPO appears cautiously optimistic, although specific grey market premium (GMP) figures remain undisclosed. As investor interest builds up, the company’s established network across multiple Indian cities and its collaboration with global leaders in HVAC components could be key factors fueling positive sentiment. The acquisition of a stake in Everestt Chillers also indicates potential for growth and diversification, adding further appeal to prospective investors.

For Indian investors, the FX Multitech IPO presents an opportunity to engage with a company operating in a specialized sector that plays a crucial role in both residential and industrial markets. Given the robust financial performance showcased in the prospectus, with anticipated growth in revenue and net income over the coming years, investors may find value in this offering. As always, thorough due diligence and evaluation of the company’s potential risks and rewards are essential for anyone considering participation in the IPO.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)