Axiom Gas Engineering IPO 2026: Price Band, Dates, Lot Size, GMP, Allotment & Listing

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Axiom Gas Engineering Limited IPO
AG
Axiom Gas Engineering Limited IPO
Green Energy Engineering · Auto LPG, CNG & LNG Solutions · PRIMEFUEL · Vadodara
📋 NSE SME IPO Fresh Issue NSE SME
₹53
Upper Price
₹49.81 Cr
Issue Size
Sep 25, 2026
Listing Date
₹137.51 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Friday, 18 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 22 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 23 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 24 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 25 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date18 September 2026 (Fri)
IPO Close Date22 September 2026 (Tue)
Listing Date25 September 2026 (Fri)
Face Value₹5 per share
Price Band₹50 to ₹53
Issue Price (Upper Band)₹53 per share
Issue TypeBookbuilding IPO
Lot Size2,000 shares
Total Issue Size93,98,000 shares (₹49.81 Cr)
Fresh Issue93,98,000 shares (₹49.81 Cr)
Offer for Sale (OFS)Nil
Pre-Issue Shares2,59,46,000
Post-Issue Shares3,53,44,000
Promoter Holding (Pre)98.28%
Market Cap (Pre-IPO)₹137.51 Cr
Listing ExchangeNSE SME
Lead ManagerSKI Capital Services Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹53
Investor TypeLotsSharesAmount
Individual (Retail) — Min24,000₹2,12,000
Individual (Retail) — Max24,000₹2,12,000
S-HNI (sNII) — Min36,000₹3,18,000
S-HNI (sNII) — Max918,000₹9,54,000
B-HNI (bNII) — Min1020,000₹10,60,000
⚠️ Note: Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereafter. Market Maker reservation comprises 4,78,000 shares allotted to Sunflower Broking Pvt.Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
20.00%
QIB Portion
40.00%
Retail Portion
40.00%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets69.3860.8352.37
Total Income100.7889.8574.54
PAT9.457.755.74
EBITDA15.4813.2910.01
Net Worth33.2823.8313.85
Reserves & Surplus20.3110.8613.60
Total Borrowing16.0616.3020.12
Income Trend
FY 2023–24₹74.54 Cr
FY 2024–25₹89.85 Cr
FY 2025–26₹100.78 Cr
🎯 Key Performance Indicators
28.40%
ROE
Mar 31, 2025
0.48
Debt/Equity
Mar 31, 2025
28.90%
ROCE
Mar 31, 2025
9.38%
PAT Margin
Mar 31, 2025
15.36%
EBITDA Margin
Mar 31, 2025
28.40%
RoNW
Mar 31, 2025
4.13x
Price/Book
Mar 31, 2025
12.83
NAV
Mar 31, 2025
⚖️ Valuation & EPS
Pre-IPO EPS
₹3.64
Based on pre-issue shares
P/E: 14.56x
Post-IPO EPS
₹2.67
Based on post-issue shares
P/E: 19.85x
Price to Book Value
4.13x
At upper price band ₹53
Market Cap (Pre-IPO)
₹137.51 Cr
At issue price ₹53
ℹ️ Pre-IPO EPS (₹3.64) is based on pre-issue shares (2,59,46,000) and applicable earnings. Post-IPO EPS (₹2.67) accounts for the dilution resulting from the issuance of 93,98,000 fresh equity shares extending the total post-issue equity to 3,53,44,000 shares. Post-IPO Market Cap expands to ₹187.32 Cr at the upper issue price of ₹53.
🎯 Objects of the Issue
Net proceeds utilisation
1
Capital Expenditures
₹27.60 Cr
2
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
₹9.12 Cr
3
General Corporate Purposes
Balance
Total Net Proceeds Goal ₹36.72 Cr
🏢 About Axiom Gas Engineering Ltd.
Est. 2007 · Vadodara, Gujarat · Green Energy Engineering Solutions

Axiom Gas Engineering Ltd., incorporated in 2007, specializes in providing robust green energy engineering solutions by offering bespoke Auto LPG, CNG, and LNG systems catering to both retail and industrial sectors. Emphasizing quality, innovation, and environmental sustainability, the company serves as a comprehensive partner for turnkey hydrocarbon projects from initial conceptualization to full-scale operational completion.

The business presently operates over 20 active Auto LPG Dispensing Stations (ALDS) under its recognized brand name, “PRIMEFUEL,” spanning multiple states including Telangana, Karnataka, and Maharashtra. Axiom Gas provides deep technical consultancy, statutory testing and certification, and operates collaboratively via third-party associations to manufacture pressure vessels, positioning itself uniquely to scale efficiently in challenging geographical landscapes.

Brand Ecosystem
⛽️
PRIMEFUEL Brand
Successfully operating 20+ Auto LPG Dispensing Stations (ALDS) across multiple key Indian states.
💨
Turnkey Services
Providing end-to-end services for LPG/CNG retail, bottling, and specialized bulk installations.
🏗️
Gas & Pipe Engineering
Designing and maintaining efficient gas systems optimized for various industrial and commercial needs.
📋
Statutory Certification
Rigorous testing and certification for hydrocarbon equipment ensuring full compliance with safety standards.
Competitive Strengths
🏆Specialized expertise in efficiently executing hydrocarbon projects across challenging geographical locations.
⚙️Advanced cost optimization strategies allowing rapid deployment without compromising stringent safety standards.
🌱Commitment to delivering sustainable engineering projects with recognized excellence in Health, Safety, and Environment.
🌐Leveraging robust global engineering resources to continuously implement innovative and cost-effective technical solutions.
Company Promoters
AP
Alpeshkumar Naginbhai Patel & Kinnari Alpeshkumar Patel
Promoters, Axiom Gas Engineering Ltd.
SB
Sadique Abdul Kadar Banani & Asma Mohamad Sadique Banani
Promoters, Axiom Gas Engineering Ltd.
📅 Key Dates
IPO Opens18 Sep 2026
IPO Closes22 Sep 2026
Allotment23 Sep 2026
Refund & Share Credit24 Sep 2026
Listing Day25 Sep 2026
💡 Quick Summary
Price Band₹50 – ₹53
Upper Price₹53 / share
Lot Size2,000 shares
Min. Investment (Retail)₹2,12,000 (2 Lots)
Issue Size₹49.81 Cr
ListingNSE SME
🏦 Registrar & Lead Manager
Registrar
Kfin Technologies Ltd.
📞 040-79615565
[email protected]
Lead Manager
SKI Capital Services Ltd.
📍 Registered Address
Axiom Gas Engineering Ltd.
522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex
Near Essar Petrol Pump, Bhaily
Vadodara, Gujarat — 391410
📞 +914045065015
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Axiom Gas Engineering IPO DRHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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