Axiom Gas Engineering Limited

SMElistedNSE SME

18 Sep 2026 – 22 Sep 2026

LISTED

Offer Price

₹51–54

Bid lot

2000

Min Application

₹2,16,000

Issue Size

₹51 Cr

Key dates

Open date

18 Sep 2026

Done

Close date

22 Sep 2026

Done

Basis of allotment

23 Sep 2026

Done

Initiation of refunds

23 Sep 2026

Done

Credit to demat

23 Sep 2026

Done

Listing date

25 Sep 2026

Done

Issue reservation

₹51 Cr

QIB 18.98%HNI (10L+) 25.3%HNI (2-10L) 12.66%Retail 37.97%5.09%

QIB

17.8 L sh · ₹9.68 Cr

18.98%

HNI (10L+)

23.8 L sh · ₹12.90 Cr

25.3%

HNI (2-10L)

11.9 L sh · ₹6.46 Cr

12.66%

Retail

35.7 L sh · ₹19.36 Cr

37.97%

Market maker

4.8 L sh · ₹2.58 Cr

5.09%

Applications required for 1× subscription

Retail (≤₹2L)

892 forms

S-HNI (₹2–10L)

198 forms

B-HNI (>₹10L)

119 forms

From this issue's reservation split and lot size — the minimum bid each category can place.

BRLM: Nuvama · JM Financial

Lot ladder — how much to bid

1 lot = 2000 shares

Individual · up to ₹2 L2+ lots

Min · 2 lots

4,000 sh · ₹2,16,000

Entry point

₹2,16,000 onward

sHNI · ₹2 L to ₹10 L3+ lots

Min · 3 lots

6,000 sh · ₹3,24,000

Entry point

₹3,24,000 onward

bHNI · Above ₹10 L10+ lots

Min · 10 lots

20,000 sh · ₹10,80,000

Entry point

₹10,80,000 onward

Issue details

Lead managersNuvama, JM Financial

Fresh issue93,98,000 sh · ₹51 Cr

Face value₹10

Listing onNSE Emerge

RegistrarKfin Technologies Ltd.

Grey-market sentiment

No grey-market data yet.

Financials

Particulars	FY26	FY25	FY24
Assets	69.38	60.83	52.37
Total Income	100.78	89.85	74.54
PAT	9.45	7.75	5.74
Reserves & Surplus	20.31	10.86	13.6
Total Borrowings	16.06	16.3	20.12

Objects of the issue

Capital Expenditure: ₹27.60 crore for infrastructure, equipment, and station expansion.
Debt Repayment: ₹9.12 crore for repayment/prepayment of borrowings.
General Corporate Purposes: Funding routine operational and business expenses.

About the company

Incorporated in 2007, Axiom Gas Engineering Ltd. provides green energy engineering solutions across Auto LPG, CNG, and LNG for retail, industrial, and commercial sectors. The company operates 20+ Auto LPG Dispensing Stations under the brand “PRIMEFUEL” across states including Telangana, Karnataka, and Maharashtra.

Its key services include:

Gas and pipeline engineering
Turnkey LPG/CNG retail, bottling, and bulk installations
Statutory testing and certification
Technical consultancy
Maintenance, operations, and training
Pressure vessel manufacturing through third-party collaboration
Industrial and commercial LPG solutions

Company strengths

Owned Infrastructure: Operates ALDS and supporting storage/distribution networks, ensuring strong operational control.
Multi-State Presence: Operates across Telangana, Karnataka, and Maharashtra, reducing regional concentration risks.
Steady Growth: Consistent revenue and profit growth with improving RoNW and leverage.
Integrated Expertise: Provides turnkey ALDS solutions, backed by R&D in alternative-fuel technology and a stable consumer base.

Promoters

Alpeshkumar Naginbhai PatelKinnari Alpeshkumar PatelSadique Abdul Kadar BananiAsma Mohamad Sadique Banani

Registered office & contact

Axiom Gas Engineering Limited

Address - 522 To 527, SWC Hub,

5th Floor Opp Rajpath Complex

Near Essar Petrol Pump Bhaily

Vadodara, Gujarat, 391410

📞 +914045065015

✉️ compliance@axiomgas.com

Documents

RHPOpen ↗

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply

1Create your account & log inSign up on Investoyard and complete a quick KYC.

2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.

3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.

4Approve the UPI mandateYou receive a fund-block request on your UPI app.

5DoneFunds stay blocked until allotment, then auto-debited (or released).

Frequently asked questions

What is the minimum investment in the Axiom Gas Engineering Limited IPO?

One lot of 2000 shares — ₹2,16,000 at the upper price band of ₹54.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-25 on NSE SME.

₹51–54

Applications are closed.