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FX Multitech IPO

Trading & Distributors · BSE SME

LIVE GMP₹00% vs issue price
Issue price₹116upper price band
Est. listing₹1160% indicative gain
Subscription17.37×times subscribed
Lot size1,200shares per lot
GMP MOVEMENT

Grey market trend

Initial
₹2₹-3₹-7₹-1114 Sept

1 recorded GMP updates · Oldest to latest

TREND READ

Initial GMP trend

FX Multitech IPO's grey market premium is currently showing a Initial trend.

Starting GMP₹0
Net change+₹0
GMP range₹0
Sessions1
LIVE DEMAND

Subscription by investor category

As of 23rd Sep 2026 16:41
QIB20.95×Qualified institutions
NII / HNI25.97×Non-institutional investors
bNII29.94×HNI applications above ₹10L
sNII18.17×HNI applications below ₹10L
Retail11.63×Retail individual investors
Total17.37×Overall subscription
Total bid amount: ₹524.06 crore
ISSUE DETAILS

Dates, pricing & lot

Opening date21-Sep
Closing date23-Sep
Listing date28-Sep
Price band₹110.00 – ₹116.00
Issue size₹45.24 Cr
Minimum investment₹1,39,200
Est. profit per lot₹0
ExchangeBSE SME
CategorySME IPO
HISTORY

GMP updates

Date & timeGMPMovement
14 Sept, 07:02 pm₹0Flat
AI ANALYST

Scorecard & verdict

Generated 23 Sept 2026, 11:32 am · shared across all visitors

FX Multitech IPO SME Analysis

Verdict: AVOID | Score: 30/100 | Confidence: Low

Scorecard Table

ParameterData + SourceScore
GMP (15)Current GMP: 0 (0% of upper band) — Data Block0
Lead Manager Track Record (20)Lead manager: Oneview Corporate Advisors — [FX Multitech Limited Announces Opening of Initial Public ...](https://www.bignewsnetwork.com/news/279315565/fx-multitech-limited-announces-opening-of-initial-public-offering-ipo-on-21st-september-2026)10
Anchor / Market Maker (10)Market maker: Basan Equity Broking; Anchor investors scheduled for Sept 18, 2026 — [FX Multitech Limited Announces Opening of Initial Public ...](https://www.bignewsnetwork.com/news/279315565/fx-multitech-limited-announces-opening-of-initial-public-offering-ipo-on-21st-september-2026)5
Promoter/Legal (15)SEBI penalized promoter director for fraud, diversion of ₹43+ crore, governance failures — [SEBI Penalizes Seya Industries' Promoter ₹58.5 Crore, CFO Barred for 5 Years](https://www.linkedin.com/posts/rushabh-shah-267aab137_corporategovernance-fraud-sebi-activity-7410824699980554240-rmEy)0
Valuation vs Peers (15)P/E ratio of 14.43, below peers — [FX Multitech IPO Financials, Revenue, Profit, PE Ratio](https://www.ipoplatform.com/ipo/financial-report/fx-multitech-ipo/4562)8
Subscription (15)QIB: 20.95x (5 pts), NII/HNI: 25.97x (7 pts), Retail: 11.63x (3 pts) — Data Block15
Financial Quality (10)Revenue ₹111.57 Cr for FY26, P/E 14.43 — [FX Multitech IPO Financials, Revenue, Profit, PE Ratio](https://www.ipoplatform.com/ipo/financial-report/fx-multitech-ipo/4562)2

Top Positives / Top Red Flags

Top Positives:

  • Strong subscription across categories (QIB 20.95x, NII/HNI 25.97x, Retail 11.63x)
  • Valuation (P/E 14.43) below sector peers

Top Red Flags:

  • SEBI penalty on promoter director for fraud and diversion of ₹43+ crore
  • Governance failures including improperly constituted audit committee
  • Zero GMP indicating lack of grey market confidence

Missing Data (Not found in web research)

  • Anchor investor quality/allotment details
  • Lead manager past IPO performance/track record
  • Market maker (Basan Equity Broking) historical effectiveness
  • Use of IPO proceeds and growth trend
  • Detailed financial quality metrics (margins, debt, cash flow)

Data Timestamp

  • Market data fetched: 2026-09-23T11:32:24.200Z
  • Web research fetched: 2026-09-23T11:32:28.101Z

Not investment advice. Do your own due diligence.