Mumbai, Sept. 28 -- The scrip was listed at Rs 123.05, a 6.08% premium to the IPO price. The stock is currently locked at the upper circuit of 5% over its listing price.

The counter hit a high of Rs 129.20 and a low of Rs 117. About 15.18 lakh shares changed hands on the BSE.

FX Multitech's IPO was subscribed 16.54 times. The price band was fixed at Rs 110 to Rs 116 per share. The issue was open for subscription from 21 September 2026 to 23 September 2026.

The issue comprised a fresh issue of 24.49 lakh shares and an offer for sale of 3.48 lakh shares.

The company plans to use the IPO proceeds for the repayment or prepayment, in full or part, of certain borrowings, investment in its subsidiary Everestt Chillers for the purchase of mac...