FX Multitech IPO Subscription Status Day 2: Issue Subscribed 0.38 Times

Authored By HDFC SKY | Published at: Sep 22, 2026 05:35 PM IST

FX Multitech IPO Day 2 subscription stood at 0.38x as of 5:09:38 PM on September 22, 2026, with NII at 1.29x, retail at 0.20x and QIB at 0.01x.

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Mumbai, September 22: FX Multitech IPO opened for subscription on September 21, 2026, and will close on September 23, 2026. The book-built public issue comprises a fresh issue of 35,52,000 shares aggregating up to ₹41.20 crore and an offer for sale of 3,48,000 shares aggregating up to ₹4.04 crore. The price band is fixed at ₹110 to ₹116 per share, while the lot size is 1,200 shares.

FX Multitech IPO Day 2 Subscription Status

The Day 2 subscription data was recorded at 5:09:38 PM on September 22, 2026. The overall public issue subscription and category-wise figures are shown below.

Category	Subscription
QIB (Ex Anchor)	0.01x
NII	1.29x
Individual Investors	0.20x
Total	0.38x

The anchor investor and market maker portions are excluded from the total public subscription calculation.

Category-wise FX Multitech IPO Subscription Status

The net offer to the public comprises 37,03,200 shares after excluding 1,96,800 shares reserved for the market maker. The QIB allocation includes an anchor investor portion of 11,02,800 shares, while the QIB portion excluding anchor investors comprises 7,44,000 shares.

Investor Category	Shares Offered	Shares Bid For	Total Amount (₹ Cr)	Subscription
Anchor	11,02,800	11,02,800	12.792	1.00x
Market Maker	1,96,800	1,96,800	2.283	1.00x
QIB (Ex Anchor)	7,44,000	9,600	0.111	0.01x
NII	5,58,000	7,21,200	8.366	1.29x
NII (> ₹10L)	3,71,200	6,56,400	7.614	1.77x
NII (< ₹10L)	1,86,000	64,800	0.752	0.35x
Individual Investors	12,98,400	2,61,600	3.035	0.20x
Total Public Issue	26,00,400	9,92,400	11.512	0.38x

The subscription table excludes the anchor investor and market maker portions from the total public issue calculation. The issue had received 147 applications at the time of the Day 2 update.

FX Multitech Day-Wise Subscription Summary

The issue entered its second day of bidding on September 22, 2026. The latest subscription data was recorded at 5:09:38 PM.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Individual Investors	Total
September 21, 2026 (Day 1)	0.00x	1.19x	1.74x	0.12x	0.07x	0.29x
September 22, 2026 (Day 2)	0.01x	1.29x	1.77x	0.35x	0.20x	0.38x

FX Multitech IPO Timeline

IPO Milestone	Date
Issue Open Date	September 21, 2026
Issue Close Date	September 23, 2026
Basis of Allotment Date	September 24, 2026
Initiation of Refunds	September 25, 2026
Credit of Shares	September 25, 2026
Listing Date	September 28, 2026

Brief Overview Of The IPO

FX Multitech is raising ₹45.24 crore through a combination of a fresh issue and an offer for sale. The fresh issue comprises 35,52,000 equity shares, while the OFS consists of 3,48,000 shares. The book-built IPO has a price band of ₹110 to ₹116 per share and a face value of ₹10 per share. The minimum application for individual investors is two lots, comprising 2,400 shares, requiring ₹2,78,400 at the upper end of the price band. FX Multitech is engaged in the distribution and export of engineering products primarily serving the HVAC and industrial refrigeration sectors. Its product portfolio includes compressors, refrigeration and air-conditioning controls, industrial refrigeration components, heat exchangers, refrigerants and automation products. The company also has a 51% stake in Everestt Chillers Private Limited, which manufactures customised industrial chillers and process cooling solutions. The IPO is scheduled to list on the BSE SME platform on September 28, 2026. Overview Corporate Advisors Pvt. Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. Basan Equity Broking Ltd. is the market maker.

Source:

https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4831&type=IPO&idtype=1&status=L&IPONo=7980&startdt=21%2F09%2F2026

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