Axiom Gas Engineering IPO
ListedNSE SMEListing at: NSE SME • 522 To 527, SWC Hub, 5th Floor Opp Rajpath ComplexNear Essar Petrol PumpBhailyVadodara, Gujarat, 391410
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Axiom Gas Engineering IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 29 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 28 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 27 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 26 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 25 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 24 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
| 23 Sept 2026 | ₹54 | ₹0 | 0.00% | +₹0 | 1.39x | Flat |
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Axiom Gas Engineering IPO Details
| IPO Date | 18 Sept 2026 to 22 Sept 2026 |
| Listing At | NSE SME |
| Face Value | ₹5 per share |
| Price Band | ₹54 |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹50.75 Cr(₹1,255.57 Cr) |
| Fresh Issue | 93.98L shares (₹48 Cr) |
| Offer for Sale (OFS) | Nil |
| Issue Type | SME Issue |
Axiom Gas Engineering IPO Timetable
| IPO Open Date | 18 Sept 2026 |
| IPO Close Date | 22 Sept 2026 |
| Basis of Allotment | 23 Sept 2026 |
| Initiation of Refunds | 23 Sept 2026 |
| Credit of Shares to Demat | 23 Sept 2026 |
| Listing Date | 25 Sept 2026 |
| Cut-off time for UPI Mandate | 5 PM on 22 Sept 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Axiom Gas Engineering IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB Shares Offered | 20.00% | 17,84,400 |
| − Anchor Investor Shares Offered | – | 10,70,400 |
| − QIB (Ex. Anchor) Shares Offered | – | 7,14,000 |
| NII (HNI) Shares Offered | 40.00% | 35,68,000 |
| − bNII > ₹10L Shares Offered | – | 23,78,000 |
| − sNII < ₹10L Shares Offered | – | 11,90,000 |
| Retail Shares Offered | 40.00% | 35,68,000 |
| Market Maker Shares Offered | – | 4,78,000 |
Axiom Gas Engineering Anchor Details
| Anchor Bid Date | 16 Sept 2026 |
| Anchor Shares Offered | 10,70,400 Shares |
| Total Anchor Portion | ₹5.78 Cr |
| Lock-in 50% End Date | 22 Oct 2026 (30 Days) |
| Lock-in Rem. 50% Date | 21 Dec 2026 (90 Days) |
Axiom Gas Engineering IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) | Reserved Applications |
|---|---|---|---|---|
| INDIVIDUAL | 2 Lots | 4000 Shares | ₹2,16,000 | 892 |
| sHNI | 3 Lots | 6000 Shares | ₹3,24,000 | 198 |
| bHNI | 10 Lots | 20000 Shares | ₹10,80,000 | 396 |
Axiom Gas Engineering Promoter Holding
| Pre-Issue Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Axiom Gas Engineering IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|---|---|---|
| QIB | 7,14,000 | 5,72,000 | 0.80x |
| HNIs | 35,68,000 | 14,86,000 | 0.42x |
| bHNI | 23,78,000 | 8,92,000 | 0.38x |
| sHNI | 11,90,000 | 5,94,000 | 0.50x |
| Individual | 35,68,000 | 23,12,000 | 0.65x |
| Total | 78,50,000 | 43,70,000 | 0.56x |
Axiom Gas Engineering Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Mar 2026 | ₹69.38 Cr | ₹100.78 Cr | ₹9.45 Cr | ₹15.48 Cr | ₹33.28 Cr | ₹16.06 Cr |
| 30 Mar 2025 | ₹60.83 Cr | ₹89.85 Cr | ₹7.75 Cr | ₹13.29 Cr | ₹23.83 Cr | ₹16.30 Cr |
| 30 Mar 2024 | ₹52.37 Cr | ₹74.54 Cr | ₹5.74 Cr | ₹10.01 Cr | ₹13.85 Cr | ₹20.12 Cr |
Axiom Gas Engineering Key Valuation & Financial KPIs
Axiom Gas Engineering IPO Analysis
Review the company's key advantages and material business risks.
Strengths & Positives
Competitive advantages and operational merits
Axiom Gas Engineering Limited (AGEL) was incorporated as “Axiom Gas Engineering Private Limited” on August 24, 2007, under the Companies Act, 1956. Subsequently, the Company was converted into a Public Limited Company and renamed “Axiom Gas Engineering Limited”, with a fresh Certificate of Incorporation issued on July 16, 2024 by the Registrar of Companies, Ahmedabad.
AGEL is a green energy solutions provider focused on Auto LPG, CNG and LNG, with the objective of making sustainable and environmentally friendly fuels more accessible across India. The Company is ISO 9001:2015 certified and is an approved parallel marketer, installer and operator of Auto LPG retail stations under PESO, Government of India. It is also a recognized supplier of petroleum and pressure vessel equipment by the Standard Organization of Nigeria (SON).
The Company has exported 100+ engineering solutions, executed 25+ Auto LPG Dispensing Station (ALDS) installations on a turnkey basis, operates 19+ ALDS in India, and has recorded total sales of 75+ million litres.
AGEL has a dedicated Research & Development (R&D) team focused on advanced technologies and sustainable energy solutions. Its R&D efforts emphasize reliability, efficiency and cost-effectiveness, while continuously developing workforce capabilities to deliver innovative engineering solutions aligned with evolving energy requirements.
The Company also focuses on building direct consumer relationships through its retail outlets. Well-trained staff ensure quality service, accurate product delivery and reliable quantities, helping the Company build customer trust, loyalty and long-term relationships in the Auto LPG retail sector.
Owned Auto LPG Station Network: Owns and operates a network of Auto LPG Dispensing Stations supported by associated storage infrastructure.
Geographic Diversification: Presence across three states enables diversification of demand and supply across regions.
Integrated Operations: Integrated activities from procurement to retail sales provide operational control over key value-chain activities.
Single-Fuel Business Concentration: Dependence on Auto LPG as a single fuel limits revenue diversification.
State-wise Regulatory Variations: Different regulations across states may increase the Company’s compliance workload and costs.
Input Price & Currency Fluctuations: Exposure to input price volatility and currency fluctuations through procurement arrangements may affect business performance.
About Axiom Gas Engineering Limited
Axiom Gas Engineering IPO is a book build issue of ₹50.75 crores. The issue is entirely a fresh issue of 93.98 lakh shares of ₹50.75 crore.Axiom Gas Engineering IPO bidding opened for subscription on Sep 18, 2026 and will close on Sep 22, 2026. The allotment for the Axiom Gas Engineering IPO is expected to be finalized on Sep 23, 2026. Axiom Gas Engineering IPO will list on the NSE SME with a tentative listing date fixed as Sep 25, 2026.Axiom Gas Engineering IPO is set issue price band at ₹51 to ₹54 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,24,000.SKI Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd.Refer to Axiom Gas Engineering IPO RHP for detailed Information.
Shariah Compliance Screening (AAOIFI Standard 21)
Axiom Gas Engineering IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | Disclosed | Anchor PDF |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Kfin Technologies | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Axiom Gas Engineering IPO Registrar & Lead Managers
- SKI Capital Services Ltd.
522 To 527, SWC Hub, 5th Floor Opp Rajpath ComplexNear Essar Petrol PumpBhailyVadodara, Gujarat, 391410