Axiom Gas Engineering IPO Details
Axiom Gas Engineering IPO Summary
Axiom Gas Engineering IPO opens for subscription on 18 Sep 2026 and closes on 22 Sep 2026.The IPO will be listed on NSE with the tentative listing date set for 25 Sep 2026.
Axiom Gas Engineering IPO price band has been fixed at ₹50 – ₹53 per share. The face value is ₹5 per share with a lot size of 2000.
Axiom Gas Engineering IPO total issue size comprises 93,98,000 shares (aggregating up to ₹49.81 Cr). This includes a fresh issue of 93,98,000 shares (aggregating up to ₹49.81 Cr). Pre-issue shareholding stands at 2,59,46,000, which will increase to 3,53,44,000 post-issue.
Axiom Gas Engineering IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Axiom Gas Engineering IPO Lot Size :Individual Minimum is 2 lots (4,000 shares) amounting to ₹2,12,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹2,12,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹3,18,000. SHNI Maximum is 9 lots (18,000 shares) amounting to ₹9,54,000. BHNI Minimum is 10 lots (20,000 shares) amounting to ₹10,60,000.
Axiom Gas Engineering IPO Details
Axiom Gas Engineering IPO Subscription
Axiom Gas Engineering IPO Application Wise Breakup
Axiom Gas Engineering IPO Dates
- 18 Sep 2026Opening dateOpen
- 22 Sep 2026Closing dateClose
- 23 Sep 2026Allotment Date Allotment
- 24 Sep 2026Initiation of RefundsRefund
- 24 Sep 2026Credit of SharesCredit
- 25 Sep 2026Listing dateListing
Axiom Gas Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹2,12,000 |
| Individual Maximum | 2 | 4000 | ₹2,12,000 |
| SHNI Minimum | 3 | 6000 | ₹3,18,000 |
| SHNI Maximum | 9 | 18000 | ₹9,54,000 |
| BHNI Minimum | 10 | 20000 | ₹10,60,000 |
Axiom Gas Engineering IPO Reservation
Promoter Holding
Documents
Axiom Gas Engineering IPO Valuations
Axiom Gas Engineering Financial Information
| 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 |
| Amount in ₹ Crore | |||
About Axiom Gas Engineering IPO
Established in 2007, Axiom Gas Engineering Limited 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.
As of June 30, 2024, the company operated 18 Auto LPG Dispensing Stations in Telangana, Maharashtra, and Karnataka.
Operating under the brand name "PrimeFuel," AGEL manages Auto LPG Dispensing Stations across multiple states in India. The company has demonstrated strong financial growth, with increasing revenues and profits.
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.
As of December 2024, the company has 21 permanent employees.
Strength Of Axiom Gas Engineering IPO
- The business model allows expansion through new stations and increased storage capacity based on market demand.
- The Company has operational experience in managing ALDS facilities, logistics coordination, and adherence to safety protocols.
- The business caters to a steady consumer segment comprising auto-rickshaws, taxis, and small commercial vehicles with predictable daily fuel requirements.
Risk Of Axiom Gas Engineering IPO
- We are dependent on few suppliers for sourcing our liquified petroleum gas. As of March 31, 2026, we procured liquified petroleum gas from three suppliers which constituted more than 95% of our total quantity purchased. Any disruption in the receipt of liquified petroleum gas from these third parties, or delay or default in timely sourcing of the liquified petroleum gas could lead to a disruption or failure in the supply of liquified petroleum, gas by us, which could adversely affect our business, reputation, results of operations and cash flows.
- Our transportation of LPG is majorly done by our related party i.e. "Prime Fuel Logistics Private Limited" our group company. As of March 31, 2026, we transported LPG from our group company which constituted more than majority of our total transport cost. Any disruption in the transport of such LPG from our group company, or delay or default in timely transportation of the LPG or any mishap happened during transportation could lead to a disruption or failure in the transportation of LPG by us, which could adversely affect our business, reputation, results of operations and cash flows.
- Transporting LPG is hazardous and could result in accidents, which could adversely affect our reputation, business, financial condition, results of operations and cash flows.
- LPG is highly flammable and poses significant safety risks if mishandled. Compliance with strict safety regulations and standards is crucial to mitigate the risk of accidents, fires, and explosions which could adversely affect our reputation, business, financial condition, results of operations and cash flows.
- The sale of our products & services is concentrated in our core market of Karnataka, Telangana and Maharashtra. Any adverse developments affecting our operations in such region, could have an adverse impact on our business, financial condition, results of operations and cash flows.
- There have been instances in the past where we have not made certain regulatory filings with the ROC and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of our company.
- High fixed-cost structure of storage and dispensing infrastructure associated with your business may adversely impact financial performance during demand downturns.
- Unsecured loans taken by us can be recalled by the lenders thereof at any time.
- We are highly dependent on location footfall at our ALDS and site performance may affect sales volumes and profitability
- We are dependent on Public Sector Undertakings (PSUs) for cost of Auto LPG supplied. Any updation reflecting shifts in global LPG prices, exchange rates, and local market conditions could adversely affect our business, reputation, operations and cash flows.
Objectives Axiom Gas Engineering IPO
1. Capital Expenditures
2. Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
3. General Corporate Purposes
Company 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/
Registrar Contact Details
Axiom Gas Engineering FAQs
The Axiom Gas Engineering IPO is a SME public issue comprising 9398000 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹49.81 Cr. The issue price has been fixed at ₹53 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 18 Sep 2026, and closes on 22 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).
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