Axiom Gas Engineering IPO
GMP, Subscription, Price, Dates & Financial Details
Pharmaceutical & Drugs
Incorporated in 2007, Axiom Gas Engineering Ltd. is engaged in providing engineering solutions for the green energy and hydrocarbon sectors. The Company offers solutions across Auto LPG, CNG and LNG, catering to retail, industrial and commercial customers, with a focus on quality, innovation,…
Open Date
Fri, 18 Sep 2026
Close Date
Tue, 22 Sep 2026
Price Band
₹ 50 – 53
Lot Size
2000
Issue Size
₹ 49.81 Cr
Minimum Investment
₹ 212,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Axiom Gas Engineering IPO is set to open its Initial Public Offering (IPO) for subscription on September 18, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹49.81 Crore, comprising a fresh issue of 93.98 Lakh equity shares aggregating to ₹49.81 Crore.
The Axiom Gas Engineering IPO will open for subscription on September 18, 2026, and close on September 22, 2026. The basis of allotment is expected to be finalized on September 23, 2026, while the shares are tentatively scheduled to be listed on NSE SME Platform on September 25, 2026.
The company has fixed the price band at ₹50 to ₹53 per share, with a lot size of 2000 shares. Retail investors will require a minimum investment of ₹212,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. SKI Capital Services Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Axiom Gas Engineering IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 22, 2026.
Axiom Gas Engineering IPO Timeline (Tentative)
- IPO Open Date
- Fri, 18 Sep 26
- IPO Close Date
- Tue, 22 Sep 26
- Basis of Allotment
- Wed, 23 Sep 26
- Initiation of Refunds
- Thu, 24 Sep 26
- Credit of Shares to Demat
- Thu, 24 Sep 26
- Listing Date
- Fri, 25 Sep 26 — NSE
Open Date
18 September 2026
Close Date
22 September 2026
Basis Of Allotment
23 September 2026
Listing Date
25 September 2026
IPO Subscription
Check Live Subscription →The Axiom Gas Engineering IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 18 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 69.38 | 60.83 | 52.37 |
| Revenue | 100.78 | 89.85 | 74.54 |
| Profit After Tax | 9.45 | 7.75 | 5.74 |
| Net Worth | 33.28 | 23.83 | 13.85 |
| Reserve & Surplus | 20.31 | 10.86 | 13.6 |
| Total Borrowings | 16.06 | 16.3 | 20.12 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Axiom Gas Engineering Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 28.4 | 32.52 | 41.45 |
| ROCE % | 28.9 | 30.5 | 27.01 |
| Debt / Equity | 0.48 | 0.68 | 1.45 |
| RoNW % | 28.4 | 32.52 | 41.45 |
| Pat Margin % | 9.38 | 8.63 | 7.7 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Axiom Gas Engineering Ltd | 5 | 0 | 3.64 | 3.64 | 28.4 | 12.83 |
| Confidence Petroleum India Ltd | 1 | 26.7 | 2.8 | 2.8 | 6.81 | 42.69 |
| Aegis Logistics Limited | 1 | 52.81 | 25.59 | 25.59 | 18.37 | 172.49 |
About Axiom Gas Engineering Limited
Incorporated in 2007, Axiom Gas Engineering Ltd. is engaged in providing engineering solutions for the green energy and hydrocarbon sectors. The Company offers solutions across Auto LPG, CNG and LNG, catering to retail, industrial and commercial customers, with a focus on quality, innovation, safety and environmental sustainability.
The Company operates more than 20 Auto LPG Dispensing Stations (ALDS) under the brand name “PRIMEFUEL” across multiple states in India, including Telangana, Karnataka and Maharashtra.
The Company's key services include:
Gas and Pipeline Engineering: Design, installation, implementation and maintenance of efficient gas and pipeline systems for industrial and commercial applications.
Turnkey Services: End-to-end turnkey solutions for LPG and CNG retail outlets, bottling facilities and bulk installations, covering activities from conceptualisation and design through installation and commissioning.
Statutory Testing and Certification: Testing, inspection and certification of hydrocarbon-related equipment to ensure compliance with applicable safety and regulatory standards.
Technical Consultancy: Providing technical expertise and consultancy for the design, selection, optimisation and efficient operation of hydrocarbon equipment and systems.
Maintenance, Operations and Training: Providing maintenance and operational support, along with training programmes aimed at improving system reliability, safety, longevity and performance.
Pressure Vessel Manufacturing: Manufacturing of pressure vessels through third-party manufacturing collaborations to cater to specific industrial and commercial requirements.
Industrial and Commercial LPG Solutions: Specialising in LPG solutions for industrial and commercial applications, including system design, installation, operation and maintenance.
Axiom Gas Engineering IPO Promoters
- Mr. Alpeshkumar Naginbhai Patel
- Mrs. Kinnari Alpeshkumar Patel
- Mr. Sadique Abdul Kadar Banani
- Mrs. Asma Mohamad Sadique Banani
Promoters Holding
Holding Pre Issue
98.28%
Holding Post Issue
72.15%
Axiom Gas Engineering IPO Objective
The Company Axiom Gas Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditures
- Repayment of Borrowings
- General Corporate Expenses
Axiom Gas Engineering Limited Address / Contact Details
Axiom Gas Engineering Ltd.
522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex
Near Essar Petrol Pump Bhaily
Vadodara, Gujarat, 391410
Phone: +914045065015
Email: compliance@axiomgas.com
Website: https://www.axiomgas.com/
IPO Snapshot
Axiom Gas Engineering IPO Lot Size
The Axiom Gas Engineering IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,12,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,12,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 212,000.00 |
| Retail (Max) | 2 | 4,000 | 212,000.00 |
| S-HNI (Min) | 3 | 6,000 | 318,000.00 |
| S-HNI (Max) | 9 | 18,000 | 954,000.00 |
| B-HNI (Min) | 10 | 20,000 | 1,060,000.00 |
Issue Reservation
Book Running Lead Managers
- SKI Capital Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Axiom Gas Engineering IPO?
Axiom Gas Engineering IPO is a Book-building IPO with a total issue size of ₹49.81 crore. The Axiom Gas Engineering IPO price band is ₹50 to 53 per share. The Axiom Gas Engineering IPO subscription opens on Fri, Sep 18, 2026, and closes on Tue, Sep 22, 2026. The Axiom Gas Engineering IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Axiom Gas Engineering IPO.
When will the Axiom Gas Engineering IPO open for subscription?
The Axiom Gas Engineering IPO opens on Fri, Sep 18, 2026 and closes on Tue, Sep 22, 2026
What is Axiom Gas Engineering IPO Price Band?
Axiom Gas Engineering IPO Price Band is ₹50 to 53 per share.
What is Axiom Gas Engineering IPO Lot Size?
Axiom Gas Engineering IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹212000 based on the upper price band
What is the minimum investment for Axiom Gas Engineering IPO?
The minimum investment for Axiom Gas Engineering IPO is ₹212000, based on one lot of 2000 shares at the upper price band of ₹53 per share.
How to apply for Axiom Gas Engineering IPO?
Investors can apply for the Axiom Gas Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 22, 2026. The application amount remains blocked until the Axiom Gas Engineering IPO allotment is finalized.
What is Axiom Gas Engineering IPO Issue Size?
Axiom Gas Engineering IPO issue size is ₹49.81 crores.
What is the Axiom Gas Engineering IPO Allotment Date?
Axiom Gas Engineering IPO allotment date is Wed, Sep 23, 2026.
Who is the Axiom Gas Engineering IPO Registrar?
The registrar for Axiom Gas Engineering IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Axiom Gas Engineering IPO allotment status, refund processing, and other IPO-related information.
Who is the Axiom Gas Engineering IPO Lead Manager?
The book-running lead managers (BRLMs) for the Axiom Gas Engineering IPO are SKI Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Axiom Gas Engineering IPO Red Herring Prospectus (RHP).