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Axiom Gas Engineering IPO
2.07xsubscribed

Axiom Gas Engineering IPO

listed
₹2.04LMin. investment

Axiom Gas Engineering Limited IPO Details

Price range₹51.00 – ₹54.00
IPO type
SME
Lot size2000 shares
Issue size₹51Cr
Red Herring Prospectus
Read
Market cap
₹187.32CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹100.76CrLower than sector avg
Growth rate3Y CAGR
16.27%

Axiom Gas Engineering IPO Subscription Status

Date
QIB
NII
Retail
Total
18-Sep-26
0.8 times (X)
1.65 times (X)
0.64 times (X)
0.88 times (X)
21-Sep-26
0.8X
2.43X
1.03X
1.3X
22-Sep-26
1.1X
3.34X
1.85X
2.07X

As on 18-Sep-26, 5:30 PM

Axiom Gas Engineering IPO Timeline

  1. Pre-apply
    17 Sep 2026
  2. Bid start
    18 Sep 2026
  3. Bid end
    22 Sep 2026
  4. Allotment
    23 Sep 2026
  5. Release of funds
    24 Sep 2026
  6. Demat transfer
    24 Sep 2026
  7. Listing
    25 Sep 2026

About Axiom Gas Engineering Limited

Axiom Gas Engineering, incorporated in 2007, distributes and retails Auto Liquefied Petroleum Gas (Auto LPG) through its network of Auto LPG Dispensing Stations (ALDS). The company procures LPG from suppliers and manages storage, transportation and distribution to its outlets before selling fuel to end consumers. Its customers include auto-rickshaws, taxis and small commercial vehicles used for passenger transport and last-mile goods movement, as well as personal mobility users.
In FY26, LPG sales generated ₹100.76 crore, representing 100% of operating revenue. The LPG share of operating revenue increased from 94.8% in FY24 and 95.6% in FY25 as consultancy and signing income fell to nil in FY26. In FY25, consultancy contributed 2.5% and signed income 1.8% of operating revenue. The consultancy activity covers the design, development, testing and implementation of fuel, LPG, CNG and LNG dispensers.
The ALDS network expanded from 17 stations at FY24-end to 20 in FY25 and 22 in FY26. Operations span Telangana, Maharashtra and Karnataka, which contributed 60.4%, 31.3% and 8.1%, respectively, to FY26 operating revenue. LB Nagar was the largest individual outlet by revenue at 12.1%, followed by Tadband at 10.7% and Mill Corner at 10.6%.
For FY26, the ALDS network had a licensed storage capacity of 409,920 litres, compared with 314,920 litres in FY24. The utilised storage capacity was 348,432 litres in FY26, equivalent to 85% of licensed capacity. Third-party operators manage day-to-day station operations under the PRIMEFUEL and PRIMEGAS brands, while Axiom funds station infrastructure and stock and handles site selection, engineering, procurement assurance and compliance.

Checklist

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Objectives of Axiom Gas Engineering Limited IPO

Capital expenditure
49.30%
The company will utilise ₹27.6 crore towards capital expenditure
General corporate purposes
32.30%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Repayment of loan
18.30%
The company will utilise ₹9.12 crore for repayment of certain outstanding borrowings

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹100.76Cr16.27%₹9.45Cr₹187.32Cr14.560.48
This sector (avg.)₹5,584.86Cr---₹501.86Cr₹21,015.46Cr28.850.28
₹5,411.68Cr---₹639.38Cr₹57,954.49Cr90.230.44
₹17,184.97Cr---₹1,148.32Cr₹29,280.68Cr25.200.02
₹18,068.13Cr---₹1,637.4Cr₹17,185.88Cr16.330.01

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Axiom Gas Engineering IPO Contact Details

Company NameAxiom Gas Engineering Limited

How to apply for Axiom Gas Engineering IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Axiom Gas Engineering Limited IPO FAQs

Investors can apply for the Axiom Gas Engineering IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Axiom Gas Engineering IPO is 51 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Axiom Gas Engineering IPO will be open between 2026-09-18 and 2026-09-22.
Axiom Gas Engineering IPO allotment date is 2026-09-24. For Axiom Gas Engineering IPO allotment status check, you can visit the website of the registrar of the IPO.
For Axiom Gas Engineering IPO, the IPO registrar is KFIN Technologies Limited. You can check Axiom Gas Engineering IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Axiom Gas Engineering IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Axiom Gas Engineering IPO lot size is 2000 and minimum order quantity is 4000.
Axiom Gas Engineering IPO has set the price band for its IPO at 54 per equity share with a face value of 5.