FX Multitech SME IPO GMP History
FX Multitech SME IPO has been listed on September 28, 2026 at a listing price of ₹123.05, against the issue price of ₹116 — a gain of ₹7.05 (+6.08%). The GMP peaked at ₹6.5 on 28 September 2026 and reached a low of ₹0 on 22 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
FX Multitech SME IPO raised ₹45.24 Cr. through its IPO at a price band of ₹110 to ₹116 per share, with a lot size of 1200 shares. The IPO was open for subscription from 21 Sep 2026 to 23 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 28 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 28 Sep 2026 | ₹ 6.5 | — | 5.60% | — | ₹ 5500 |
| 27 Sep 2026 | ₹ 6.5 | ▲ | 5.60% | — | ₹ 5500 |
| 26 Sep 2026 | ₹ 6 | — | 5.17% | — | ₹ 3600 |
| 25 Sep 2026 | ₹ 6 | ▲ | 5.17% | — | ₹ 3600 |
| 24 Sep 2026 | ₹ 4 | — | 3.45% | — | ₹ 3600 |
| 23 Sep 2026 | ₹ 4 | ▲ | 3.45% | — | ₹ 3600 |
| 22 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 21 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 20 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 19 Sep 2026 | ₹ 0 | — | 0% | — | — |
FX Multitech SME IPO dates
Key dates from opening to listing. Today is 30 October.
- Open 21 Sep 2026
- Close 23 Sep 2026
- Allotment 24 Sep 2026
- Refund/credit 25 Sep 2026
- Listing 28 Sep 2026
FX Multitech SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹116 |
|---|---|
| GMP-based estimate (pre-listing) | ₹122 (+5.2%) |
| Listing gain / loss | +₹7.05 per share |
| Listing date | 28 Sep, 2026 |
| Actual listing price | ₹123.05 (+6.08%) |
Is FX Multitech SME IPO GMP reliable?
Grey market premium for FX Multitech SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the FX Multitech SME IPO full review for a fundamentals-based assessment before making any grey market trades.
FX Multitech SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for FX Multitech SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹5500. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About FX Multitech SME IPO
FX Multitech Limited was started in March 2008. It distributes and exports products used in HVAC, which stands for heating, ventilation and air conditioning, and in industrial refrigeration.
Its range covers compressors, refrigeration and air conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and related items. It buys these from established manufacturers around the world and supplies them to industrial and commercial users in India, positioning itself on reliability and energy efficiency rather than lowest price.
Its head office is in Ahmedabad, Gujarat, and it keeps warehouses at Hyderabad, Thane, Kolkata and Bangalore. Having stock in several cities lets it deliver quickly and provide technical and after sales support across the country. It also exports. Its supplier relationships include Danfoss Industries Private Limited, Transfer Oil S.P.A. and Quang Thang Mechanics and Refrigeration.
Frequently asked
What is the GMP of FX Multitech SME IPO?
The current Grey Market Premium (GMP) of FX Multitech SME IPO is ₹ 6.5.
What is the Kostak Price of FX Multitech SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for FX Multitech SME IPO is not available.
What is the Subject to Sauda Price of FX Multitech SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹5500.
What was the actual listing price of FX Multitech SME IPO?
FX Multitech SME IPO listed on September 28, 2026 at ₹123.05, against the issue price of ₹116 — a gain of +6.08%.
How did the GMP of FX Multitech SME IPO trend before listing?
The GMP of FX Multitech SME IPO was stable in its final days before listing. The GMP peaked at ₹6.5 on 28 September 2026. View the day-wise table above for the complete GMP history.
Explore FX Multitech SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
