FX Multitech IPO Lists at 6.08% Premium at ₹123.05 on BSE SME

FX Multitech shares made their stock market debut on September 28, 2026, listing at ₹123.05 per share on the BSE SME platform against the IPO issue price of ₹116 per share.

The listing represented a premium of 6.08% over the issue price, with the shares opening ₹7.05 above the final IPO price.

The listing followed the company’s ₹45.24 crore SME IPO, which received an overall subscription of 12.88 times by the end of the bidding period on September 23, 2026.

The IPO comprised a fresh issue of 35.52 lakh shares worth ₹41.20 crore and an offer for sale (OFS) of 3.48 lakh shares worth ₹4.04 crore.

FX Multitech IPO Listing Details

FX Multitech launched its ₹45.24 crore IPO through a combination of a fresh issue and an offer for sale.

The IPO price band was fixed at ₹110 to ₹116 per share, with the final issue price set at the upper end of the band at ₹116 per share.

The company offered 39 lakh shares through the issue, comprising 35.52 lakh shares through the fresh issue and 3.48 lakh shares through the offer for sale.

The IPO received an overall subscription of 12.88 times by the close of bidding on September 23, 2026.

FX Multitech subsequently made its stock market debut on September 28, 2026, with its shares listing at ₹123.05 per share on the BSE SME platform.

Compared with the IPO issue price of ₹116, the listing price represented a premium of 6.08%, or ₹7.05 per share.

• Issue Price: ₹116 per share
• BSE SME Listing Price: ₹123.05 per share
• Listing Premium: 6.08%
• Listing Gain: ₹7.05 per share
• Price Band: ₹110 to ₹116 per share
• IPO Size: ₹45.24 crore
• Fresh Issue: ₹41.20 crore
• Offer for Sale: ₹4.04 crore
• Total Shares Offered: 39 lakh shares
• Fresh Issue Shares: 35.52 lakh shares
• OFS Shares: 3.48 lakh shares
• Overall Subscription: 12.88 times
• QIB Subscription Excluding Anchor: 20.85 times
• NII Subscription: 26.08 times
• Retail Subscription: 12.26 times
• Minimum Application Lot: 1,200 shares
• Retail Application Requirement: ₹2,78,400 for 2,400 shares
• Listing Date: September 28, 2026
• Exchange: BSE SME

First-Day Trading Performance

Listing Price: FX Multitech share price debuted at ₹123.05 per share on the BSE SME platform on September 28, 2026, compared with the IPO issue price of ₹116 per share.

The debut represented a gain of ₹7.05 per share over the issue price, translating into a listing premium of 6.08%.

The market debut followed FX Multitech’s ₹45.24 crore IPO, which received an overall subscription of 12.88 times by the close of bidding on September 23, 2026.

The NII category recorded the highest subscription at 26.08 times, while the QIB portion excluding anchor investors was subscribed 20.85 times. The retail category received 12.26 times subscription.

The listing performance meant that FX Multitech entered the secondary market above the price at which shares were allotted to IPO investors.

Growth Drivers and Challenges

Growth Drivers

IPO Subscription: FX Multitech’s IPO received an overall subscription of 12.88 times, with all three public investor categories receiving bids above the shares offered.

NII Demand: The NII category was subscribed 26.08 times. Within the category, applications above ₹10 lakh were subscribed 29.82 times, while applications below ₹10 lakh received 18.59 times subscription.

QIB Participation: The QIB portion excluding anchor investors was subscribed 20.85 times, indicating demand above the shares available in this category.

Fresh Issue Proceeds: Of the ₹45.24 crore IPO, ₹41.20 crore was raised through the fresh issue component, bringing capital directly into the company.

Positive Listing: FX Multitech shares listed at ₹123.05 against the ₹116 issue price, representing a 6.08% premium.

Challenges

Post-Listing Price Movement: Following the listing, FX Multitech’s share price will be influenced by secondary-market demand, liquidity and broader market conditions.

Offer for Sale Component: The IPO included an OFS of 3.48 lakh shares worth ₹4.04 crore. Proceeds from this component are received by the existing shareholders selling their shares rather than by the company.

SME Market Liquidity: As the shares are listed on the BSE SME platform, trading volumes and liquidity may differ from securities listed on the mainboard.

Post-IPO Performance: Following completion of the IPO, the company’s share price will be influenced by investor demand as well as its future operating and financial performance.

IPO Subscription and Investor Allocation

FX Multitech’s ₹45.24 crore IPO received an overall subscription of 12.88 times by the close of bidding on September 23, 2026.

The final basis of allotment showed applications for 4,77,07,200 shares against 37,03,200 shares offered across the public investor categories.

The NII category recorded the highest subscription at 26.08 times. The QIB portion, excluding anchor investors, was subscribed 20.85 times, while the retail portion received 12.26 times subscription.

Within the NII category, the portion for applications above ₹10 lakh was subscribed 29.82 times, while the portion for applications below ₹10 lakh was subscribed 18.59 times.

The QIB category had 18,46,800 shares, including 11,02,800 shares allotted to anchor investors. This left 7,44,000 shares in the QIB portion excluding anchor investors.

Retail investors were offered 12,98,400 shares, while 5,58,000 shares were allocated to the NII category.

The key IPO details included:

• Overall Subscription: 12.88 times
• QIB Subscription Excluding Anchor: 20.85 times
• NII Subscription: 26.08 times
• Retail Subscription: 12.26 times
• IPO Size: ₹45.24 crore
• Fresh Issue: ₹41.20 crore
• Offer for Sale: ₹4.04 crore
• Issue Price: ₹116 per share
• Price Band: ₹110 to ₹116 per share

Minimum Investment and Lot Size

FX Multitech had fixed the minimum application lot at 1,200 shares.

The IPO price band was ₹110 to ₹116 per share, with the final issue price fixed at the upper end of the range at ₹116 per share.

As specified in the IPO details, the retail application requirement was ₹2,78,400 for 2,400 shares at the upper-end price of ₹116 per share.

The key application details included:

• Final Issue Price: ₹116 per share
• Minimum Application Lot: 1,200 shares
• Retail Application: 2,400 shares
• Retail Application Amount: ₹2,78,400
• Price Band: ₹110 to ₹116 per share

Business and IPO Overview

FX Multitech entered the public markets through a ₹45.24 crore IPO comprising a fresh issue and an offer for sale.

The company offered a total of 39 lakh shares through the IPO. Of these, 35.52 lakh shares formed the fresh issue, valued at ₹41.20 crore, while 3.48 lakh shares were offered through the OFS, aggregating to ₹4.04 crore.

The IPO price band was fixed at ₹110 to ₹116 per share, with the final issue price set at ₹116 per share.

The public issue received an overall subscription of 12.88 times by the close of bidding on September 23, 2026.

The NII category was subscribed 26.08 times, while the QIB portion excluding anchor investors received 20.85 times subscription. The retail category was subscribed 12.26 times.

FX Multitech made its stock market debut on September 28, 2026, listing at ₹123.05 per share on the BSE SME platform.

Compared with the ₹116 issue price, the shares debuted at a premium of 6.08%, equivalent to a listing gain of ₹7.05 per share.