Axiom Gas Engineering IPO: dates, price band, lot size and GMP
Axiom Gas Engineering IPO listed on 25 Sep at ₹54.75 (NSE SME). Issue dates 18 – 22 Sep 2026, price band ₹51 – ₹54, lot 2,000 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Axiom Gas Engineering listed on 25 Sep 2026 on NSE SME at ₹54.75, +₹0.75 (+1.4%) against the ₹54 upper band. Axiom Gas Engineering IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the Axiom Gas Engineering IPO has a price band of ₹51 – ₹54, a lot of 2,000 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 18 – 22 Sep 2026 |
| Price band | ₹51 – ₹54 |
| Lot size | 2,000 shares |
| Issue size | ₹50.75 Cr |
| Fresh issue | ₹48.17 Cr |
| Subscription | 1.39x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | SKI Capital Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 18 Sep
- Issue closes: 22 Sep
- Allotment: 23 Sep
- Refunds: 24 Sep
- Demat credit: 24 Sep
- Listing: 25 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1.1x |
| NII | 0.98x |
| sNII | 0.92x |
| bNII | 1.02x |
| Retail | 1.86x |
| Total | 1.39x |
Last updated 22 Sep 2026, 6:56 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹190.86 Cr |
| P/E (pre-issue) | 14.84x |
| P/E (post-issue) | 20.22x |
| Fresh issue (shares) | 89,20,000 |
| Total shares offered | 89,20,000 |
| Promoter holding pre-issue | 98.28% |
| Promoter holding post-issue | 72.15% |
| Promoters | Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani, Asma Mohamad Sadique Banani |
| Lead managers | SKI Capital Services Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | agel.ipo@kfintech.com |
| Company website | axiomgas.com |
| Anchor bid date | 17 Sep 2026 |
| Anchor lock-in ends (50%) | 23 Oct 2026 |
| Anchor lock-in ends (remaining) | 22 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 4,000 | ₹2,16,000 |
| Retail (maximum) | 2 | 4,000 | ₹2,16,000 |
| sNII (minimum) | 3 | 6,000 | ₹2,16,000 |
| bNII (minimum) | 3 | 6,000 | ₹10,80,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 12% | 10,70,400 | |
| QIB | 8% | 7,14,000 | Not more than 20% of the Net Issue |
| NII (HNI) | 40% | 35,68,000 | Not less than 40% of the Net Issue |
| sNII | 13.3% | 11,90,000 | |
| bNII | 26.7% | 23,78,000 | |
| Retail | 40% | 35,68,000 | Not less than 40% of the Net Issue |
| Market Maker | 5.4% | 4,78,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 18 Sep | 0.80x | 0.55x | 0.50x | 0.58x | 0.64x | 0.62x |
| Day 2 · 21 Sep | 0.80x | 0.68x | 0.59x | 0.72x | 1.04x | 0.85x |
| Day 3 · 22 Sep | 1.10x | 0.98x | 0.92x | 1.02x | 1.86x | 1.39x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹3.64 |
|---|---|
| EPS (post-issue) | ₹2.67 |
| P/E (pre-issue) | 14.84x |
| P/E (post-issue) | 20.22x |
| RoNW | 28.4% |
| RoCE | 28.9% |
| RoE | 28.4% |
| PAT margin | 9.38% |
| EBITDA margin | 15.36% |
| Price / book | 4.21x |
| NAV per share | ₹12.83 |
| Debt / equity | 0.48 |
| Market cap (upper band) | ₹190.86 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 69.38 | 60.83 | 52.37 | +14.1% |
| Total Income | 100.78 | 89.85 | 74.54 | +12.2% |
| Profit After Tax | 9.45 | 7.75 | 5.74 | +21.9% |
| EBITDA | 15.48 | 13.29 | 10.01 | +16.5% |
| NET Worth | 33.28 | 23.83 | 13.85 | +39.7% |
| Reserves and Surplus | 20.31 | 10.86 | 13.6 | +87% |
| Total Borrowing | 16.06 | 16.3 | 20.12 | −1.5% |
About Axiom Gas Engineering
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:-
As of December 2024, the company has 21 permanent employees.
Objects of the issue
- Capital Expenditures — ₹27.6 Cr
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company — ₹9.12 Cr
- General Corporate Purposes
Net proceeds: ₹36.72 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Axiom Gas Engineering Ltd (issuer) | 3.64 | 3.64 | 12.83 | — | 28.4% | — | Standalone |
| Confidence Petroleum India Limited | 2.8 | 2.8 | 42.69 | 26.7x | 6.81% | 1.76 | Consolidated |
| Aegis Logistics Limited | 25.59 | 25.59 | 172.49 | 52.81x | 18.37% | 7.85 | Consolidated |
Notes: P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on July 22,2026 divided by the Diluted EPS.
Risk factors (as disclosed by the company)
- We are dependent on few suppliers for sourcing our liquified petroleum gas — 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 — We rely on logistics companies for transport of our LPG from supplier’s point to our various ALDS situated at various locations.
- Transporting LPG is hazardous and could result in accidents, which could adversely affect our reputation, business, financial condition — LPG is highly combustible.
- LPG is highly flammable and poses significant safety risks if mishandled — LPG is highly combustible, leading to risks of accidents, fires, and explosions.
- The sale of our products & services is concentrated in our core market of Karnataka, Telangana and Maharashtra — The sale of our products is majorly concentrated in the state of Karnataka, Telangana and Maharashtra.
- 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… — The Company has, in the past, experienced certain instances of non-compliance under the Companies Act, 1956 and the Companies Act, 2013.
- High fixed-cost structure of storage and dispensing infrastructure associated with your business may adversely impact financial performance during demand… — We incur significant fixed costs to operate storage and dispensing infrastructure, including depreciation, lease/rental charges, utilities demand charges, mandatory safety/compliance expenses,…
- Unsecured loans taken by us can be recalled by the lenders thereof at any time — Our unsecured debt as of March 31, 2026 is ₹ 295.21 Lakhs.
From the RHP (risk factors pages 22–25). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Axiom Gas Engineering IPO listing day: listed at ₹54.75 (+1.4% vs the upper band), 25 Sep 2026
- Axiom Gas Engineering IPO GMP today and trend
- Axiom Gas Engineering IPO subscription status, day by day
- Axiom Gas Engineering IPO allotment status and how to check
Frequently asked questions
When does the Axiom Gas Engineering IPO open and close?
The issue is scheduled for 18 – 22 Sep 2026.
What is the Axiom Gas Engineering IPO price band?
The price band is ₹51 – ₹54 per share with a lot size of 2,000 shares.
How big is the Axiom Gas Engineering IPO?
The total issue size is ₹50.75 Cr.
When will Axiom Gas Engineering list?
The tentative listing date is 25 Sep on the SME platform.
How do I apply for the Axiom Gas Engineering IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Axiom Gas Engineering · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Axiom Gas Engineering · as filed · nsearchives.nseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 23 Sep · ipostatus.kfintech.com
- NSE public issues page · listing 25 Sep · nseindia.com
- Axiom Gas Engineering company website · axiomgas.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 25 Sep, 03:26 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Axiom Gas Engineering IPO”, https://buyunlistedshares.com/ipo/axiom-gas-engineering-ipo, as of 30 Oct 2026.
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- Antala Industries IPO · 29 Oct – 2 Nov 2026
- Vectras Enprocon IPO · 30 Oct – 3 Nov 2026
- Johnsoncab Electricals IPO · 30 Oct – 3 Nov 2026
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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