Axiom Gas Engineering Ltd. IPO
Issue Price
₹53
GMP
+₹5
Est. Listing
₹58 (+9%)
Lot Size
2,000
Face Value
₹5
Issue Size
9,398,000 shares (agg. up to ₹50 Cr)
Subscription
1.44x
IPO Timeline
Open Date18-Sep-26
Close Date22-Sep-26
Allotment23-Sep-26
Refund Initiation24-Sep-26
Demat Credit24-Sep-26
UPI Mandate Deadline-
Listing Date25-Sep-26
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.04x | 1,852,000 | 1,852,000 | ₹10 Cr |
| NII (HNI) | 0.70x | 2,496,000 | 2,496,000 | ₹13 Cr |
| Retail | 2.38x | 4,572,000 | 8,500,000 | ₹24 Cr |
| Market Maker | — | 478,000 | — | ₹3 Cr |
| Σ Total | 1.44x | 8,920,000 | 12,848,000 | ₹47 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹53
Face Value₹5
Lot Size2,000 shares
Issue Size9,398,000 shares (agg. up to ₹50 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeBSE SME
Sale TypeFresh capital only
Script Code—
Fresh Issue8,920,000 shares (agg. up to ₹47 Cr)
Net Offer to Public8,920,000 shares (agg. up to ₹47 Cr)
Amount In₹ Crore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹106,000 |
| Retail (Max) | 13 | 26,000 | ₹1,378,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,484,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,102,000 |
Retail2 lot(s)4,000 shares₹212,000
S-HNI3 lot(s)6,000 shares₹318,000
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 101 | 90 | 75 |
| EBITDA | 15 | 13 | 10 |
| Profit After Tax | 9 | 8 | 6 |
| Net Worth | 33 | 24 | 14 |
| Total Assets | 69 | 61 | 52 |
| Reserves & Surplus | 20 | 11 | 14 |
| Total Borrowing | 16 | 16 | 20 |
Valuation & Key Ratios
ROE28%
ROCE29%
RONW28%
PAT Margin9%
EBITDA Margin15%
Debt/Equity0
P/BV4
Pre EPS₹4
Post EPS₹3
Pre P/E15
Post P/E20
Grey Market Premium (GMP)
+₹5
Current GMP
₹58
Est. Listing Price
+9%
Expected Gain
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Expenditures – 27.60
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company – 9.12
- General Corporate Purposes –
Company Overview
Incorporated in 2007, Axiom Gas Engineering Ltd. specialises in green energy engineering solutions. The company offers Auto LPG, CNG, and LNG solutions, catering to retail and industrial sectors with a commitment to quality, innovation, and environmental sustainability. The company operates 20+ Auto LPG Dispensing Stations (ALDS) under the name, "PRIMEFUEL" across multiple states in India including Telangana, Karnataka, and Maharashtra.
The company offers the following services:-
- Gas and Pipe Engineering: Designs, implements, and maintains efficient gas systems for various industrial and commercial needs.
- Turnkey Services:Provides turnkey services for LPG/CNG retail, bottling, and bulk installations from concept to completion.
- Statutory Testing and Certification: Testing and Certification for hydrocarbon equipment, ensuring compliance with safety standards.
- Technical Consultancy: Provide expert guidance on hydrocarbon equipment design and optimization.
- Maintenance Operation and Training: Provides maintenance and training programs to enhance gas system longevity and performance.
- Manufacturing Pressure Vessels Through Third-Party Collaboration.
- Specializing in Industrial and Commercial LPG solutions.
Competitive Strength:
- Expertise in Executing Projects in Challenging Geographical Locations.
- Cost Optimization Strategies Without Compromising Safety Standards.
- Innovation in Developing and Implementing Cost-Effective Technical Solutions.
- Leveraging Global Engineering Resources to Deliver Superior Value.
- Commitment to Delivering Sustainable Projects with Excellence in Health Safety and Environment.
- Rapid Deployment Capabilities to Minimize Turnaround Times.
- Cost-Effective Establishment of New Auto LPG Dispensing Stations (ALDS).
Company Information
Address522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex Near Essar Petrol Pump Bhaily Vadodara, Gujarat, 391410
Phone+914045065015
Websitehttps://www.axiomgas.com/