Checked · GMP unchanged since
FX Multitech IPO GMP is ₹4 as of 25 Sept 07:07 pm — expected profit +3.4% on the ₹116 upper band. The premium has ranged ₹0–₹4 across 96 readings.
GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a forecast, or investment advice.
Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹116 |
|---|---|---|
| Individual investor (min)minimum application | 2,400 | ₹2,78,400 |
The minimum application is 2,400 shares, ₹2,78,400 at the ₹116 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
FX Multitech Limited is engaged in the distribution and export of engineering products, primarily for the refrigeration and HVAC industries. The company offers a diverse product portfolio including compressors, refrigeration and air-conditioning controls, variable frequency drives, and specialized components. It serves industrial and commercial customers across India and internationally, with warehouses located in Ahmedabad, Hyderabad, Thane, Kolkata, and Bangalore.
Strengths and risk factors from this issue’s prospectus aren’t available yet.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For FX Multitech, the registrar is MUFG INTIME INDIA PRIVATE LIMITED — allotment is finalised in the days between the issue closing on 23 Sept 2026 and listing on 28 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
The listing price is discovered by demand in the pre-open session and routinely differs from any grey-market quote. Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.
The FX Multitech shares are scheduled to list on 28 September 2026 on NSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.
Grey-market dealers are quoting a premium of ₹4 over the ₹116 band, which implies ₹120. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice. The actual listing price is set by demand in the pre-open session.
On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹4 on a ₹116 upper band means the grey market is dealing at ₹120.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.