Axiom Gas Engineering IPO Details

Bookbuilding IPO | ₹50 Cr | Listing at NSE SME | Fri, Sep 18, 2026 - Tue, Sep 22, 2026

Axiom Gas Engineering IPO is a book build issue of ₹49.81 crores. The issue is entirely a fresh issue of 93.98 lakh shares of ₹49.81 crore.

Axiom Gas Engineering IPO opens for subscription on Sep 18, 2026 and closes 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 ₹50 to ₹53 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,12,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,18,000.

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.

IPO Open

Thu, Sep 17, 2026

IPO Close

Tue, Sep 22, 2026

Price Band

₹50 to ₹53

Market Cap*

₹160.07 Cr * on Upper Price

IPO Details

IPO Date

₹187.32 Cr * on Upper Price
Listing Date

Fri, Sep 25, 2026
Face Value

₹5 per share
Price Band

₹50 to ₹53
Lot Size

2,000 Shares
Sale Type

Fresh capital only
Issue Type

Bookbuilding IPO
Listing At

NSE SME

Total Issue Size

93,98,000 shares (agg. up to ₹50 Cr)
Reserved for Market Maker

4,78,000 shares (agg. up to ₹3 Cr) Sunflower Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)

89,20,000 shares (agg. up to ₹47 Cr)
Net Offered to Public

89,20,000 shares (agg. up to ₹47 Cr)
Share Holding Pre Issue

2,59,46,000 shares
Share Holding Post Issue

3,53,44,000 shares

IPO Open

Fri, Sep 18, 2026
Allotment

Wed, Sep 23, 2026
Credit of Shares

Thu, Sep 24, 2026

IPO Close

Tue, Sep 22, 2026
Refund

Thu, Sep 24, 2026
Listing

Fri, Sep 25, 2026

Issue Reservation

Axiom Gas Engineering IPO comprises a total issue size of 93,98,000 shares. The net offer to the public is 89,20,000 shares, after excluding 4,78,000 shares allotted on a firm basis. Of the Net offer 17,84,000 (20.00%) are allocated to QIB, 35,68,000 (40.00%) allocated to NII 35,68,000 (40.00%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
QIB	17,84,000	20.00%	18.98%
− Anchor Investor	10,70,400		11.39%
− QIB (Ex. Anchor)	7,13,600		7.59%
NII (HNI)	35,68,000	40.00%	37.97%
− bNII > ₹10L	23,78,666		25.31%
− sNII < ₹10L	11,89,334		12.66%
Retail	35,68,000	40.00%	37.97%
Firm Reservations
Market Maker	4,78,000		5.09%
Total	93,98,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	4000	₹2,12,000
Individual investors (IND) (Max)	2	4000	₹2,12,000
S-HNI (Min)	3	6000	₹3,18,000
S-HNI (Max)	9	18000	₹9,54,000
B-HNI (Min)	10	20000	₹10,60,000

About Axiom Gas Engineering Ltd.

Updated on Sep 10, 2026

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 Financials (Restated Standalone)

Axiom Gas Engineering Ltd.’s revenue increased by 12% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	69.38	60.83	52.37
Total Income	100.78	89.85	74.54
Profit After Tax	9.45	7.75	5.74
EBITDA	15.48	13.29	10.01
NET Worth	33.28	23.83	13.85
Reserves and Surplus	20.31	10.86	13.60
Total Borrowing	16.06	16.30	20.12

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Capital Expenditures

27.60
2 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company

9.12
3 General Corporate Purposes
Total

36.72

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	28.40%
ROCE	28.90%
Debt/Equity	0.48
RoNW	28.40%
PAT Margin	9.38%
EBITDA Margin	15.36%
NAV	12.83
Price to Book Value	4.13

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	3.64	2.67
P/E (x)	14.56	19.85
Market Cap at Offer Price	₹138Cr.	₹187.32 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	98.28%	72.15%
Public	1.72%	27.85%
Total	100%	100%

Company Promoters: Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani and Asma Mohamad Sadique Banani.

Axiom Gas Engineering IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Registrar

Kfin Technologies Ltd.

040-79615565
agel.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

SKI Capital Services Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Axiom Gas Engineering Ltd. Address

522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex

Near Essar Petrol Pump

Bhaily

Vadodara, Gujarat, 391410

+914045065015
compliance@axiomgas.com
Visit Website

IPO FAQs

What is the Axiom Gas Engineering IPO?

Axiom Gas Engineering IPO is a SME IPO of 93,98,000 equity shares of the face value of ₹5 aggregating up to ₹50 Crores. The issue is priced at ₹50 to ₹53. The minimum order quantity is 2000.

The IPO opens on Fri, Sep 18, 2026, and closes on Tue, Sep 22, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

How to apply in Axiom Gas Engineering IPO through Angel One?

Angel One customers can apply online in Axiom Gas Engineering IPO using UPI as a payment gateway. Angel One customers can apply in Axiom Gas Engineering IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Axiom Gas Engineering IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Axiom Gas Engineering IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Axiom Gas Engineering IPO will open?

The Axiom Gas Engineering IPO opens on Fri, Sep 18, 2026 and closes on Tue, Sep 22, 2026.

What is the lot size of Axiom Gas Engineering IPO?

Axiom Gas Engineering IPO lot size is 2000, and the minimum amount required for application is ₹2,12,000, with 2 lots being the minimum application size.

How to apply for Axiom Gas Engineering IPO?

You can apply in Axiom Gas Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Axiom Gas Engineering IPO allotment?

The finalization of Basis of Allotment for Axiom Gas Engineering IPO will be done on Wednesday, September 23, 2026, and the allotted shares will be credited to your demat account by Thu, Sep 24, 2026. Check the Axiom Gas Engineering IPO allotment status.

When is Axiom Gas Engineering IPO listing date ?

The Axiom Gas Engineering IPO listing date is not yet announced. The tentative date of listing is Fri, Sep 25, 2026.