Axiom Gas Engineering IPO
LISTEDSMEListing Performance
▲ 1.39%
Issue Price
₹54
Listing Price
₹55
Listed On
25 Sep 2026
- Price Band
- ₹51 – ₹54
- Lot Size
- 2,000
- Lot Value
- ₹1,08,000
- Open Date
- 18 Sep18 Sep 2026
- Close Date
- 22 Sep22 Sep 2026
- Min Investment
- ₹1,08,000
Axiom Gas Engineering — Stock Performance
About Axiom Gas Engineering
Use of IPO Proceeds
Promoters
Alpeshkumar Naginbhai Patel
Promoter · age 53
Over 26 years of experience engaged in business.
Diploma in Electrical Engineering
Pre-issue: 44.21%
Kinnari Alpeshkumar Patel
Promoter · age 47
Over 15 years of experience engaged in business.
Bachelor of Commerce
Pre-issue: 4.91%
Sadique Abdul Kadar Banani
Promoter · age 52
Over 22 years of experience engaged in business.
Master of Business Administration
Pre-issue: 44.23%
Asma Mohamad Sadique Banani
Promoter · age 41
Over 7 years of experience engaged in business.
Master of Business Administration
Pre-issue: 4.91%
Investment Analysis
Risk Factors (6)
- •Dependent on three key LPG suppliers for 99.75% of procurement; disruption risks could halt operations and damage reputation.
- •Related-party transportation via Prime Fuel Logistics represents majority of transport costs; operational disruption or mishaps pose significant risk.
- •LPG transportation hazards include accidents and explosions; safety compliance failures could damage reputation and financial performance.
- •Sales concentrated in Karnataka, Telangana, Maharashtra; regional adverse developments could significantly impact business and financial results.
- •High fixed-cost storage and dispensing infrastructure; demand downturns could materially adversely impact financial performance.
- •Unsecured loans subject to recall by lenders at any time; creates liquidity and operational uncertainty risk.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.37x (QIB 1.10x, NII 0.98x, Retail 1.86x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,08,000 |
| Retail (max) | 1 | 2,000 | ₹1,08,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,80,000 |
Subscription Status
| Category | Day 1 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|
| QIB | 0.80x | — | 0.80x | 1.10x |
| sNII (S-HNI) | — | — | — | — |
| bNII (B-HNI) | — | — | — | — |
| Retail | 0.63x | — | 0.98x | 1.86x |
| Total | 0.57x | — | 0.83x | 1.37x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
1.86x
Allotment Ratio
1 lot per 2 applicants
Allotment Probability
~53.8%
Non-Institutional Investors (NII / HNI)
Subscription
0.98x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
1.10x
Allotment Type
Discretionary allotment
Total Subscription
1.37x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
18 Sep 2026 · Fri
Issue Closes
22 Sep 2026 · Tue
Bidding Cut-off (UPI Mandate)
22 Sep 2026 · 5:00 PM IST
Allotment
23 Sep 2026 · Wed
Listing
25 Sep 2026 · Fri
Issue Opens
18 Sep 2026 · Fri
Issue Closes
22 Sep 2026 · Tue
Bidding Cut-off (UPI Mandate)
22 Sep 2026 · 5:00 PM IST
Allotment
23 Sep 2026 · Wed
Listing
25 Sep 2026 · Fri
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹5 |
| Issue Size | ₹50.75 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 100.76 | 9.45 | — | — | 28.40% |
| FY25 | 89.84 | 7.75 | — | — | 32.52% |
| FY24 | 74.54 | 5.74 | — | — | 41.45% |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net Worth | 13.85 | 23.83 | 33.28 |
| Total Borrowings | 20.12 | 16.3 | 16.06 |
| Cash Flow — Operating | 4.71 | 8.17 | 10.8 |
| Cash Flow — Investing | -12.76 | -5.18 | -5.39 |
| Cash Flow — Financing | 10.23 | -3.47 | -1.85 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY26)
—
Earnings per share
RoNW
28.40%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
—
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹1297.30 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Axiom Gas Engineering offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Axiom Gas Engineering's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Axiom Gas Engineering's filing.
Source: Axiom Gas Engineering offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB50.00%
- NII / HNI15.00%
- Retail35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Axiom Gas Engineering offer document (DRHP/RHP).
Board & Management
Board of Directors (4)
- Mrs. Asma Mohamad Sadique Banani
Joint Managing Director
MBA
7 Years
- Mr. Nikhil Tiwari
Managing Director
B.E. (Chemical), PGDM, M.Sc.
21 Years
- Mr. Mehul Pravinchandra Talati
Independent Director
Chartered Accountant
22 Years
- Mr. Sivagiri Srinivasan
Independent Director
Bachelor's degree in Mechanical Engineering, Master's degree in Production Engineering
44 years of domain experience in LPG operations, business development, industry safety and compliance
Key Managerial Personnel (2)
- Feroz Eliyas Mohammed₹0.16 Cr p.a.
Chief Financial Officer
Previous Employment: Frigorifico Allana Private Limited
- Mahesh Maheshwari₹0.04 Cr p.a.
Company Secretary and Compliance Officer
Source: Axiom Gas Engineering offer document (DRHP/RHP).
Industry & Market
Per Ministry of Petroleum and Natural Gas, International Energy Agency, BP Statistical Review, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Axiom Gas Engineering Limited | — | 3.64 | 28.4 | 12.83 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Documents
Frequently Asked Questions
When is the Axiom Gas Engineering IPO opening?
The Axiom Gas Engineering IPO opens on 18 Sep 2026 and closes on 22 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Axiom Gas Engineering IPO?
The price band for the Axiom Gas Engineering IPO is ₹51 to ₹54. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Axiom Gas Engineering IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,08,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Axiom Gas Engineering IPO today?
Grey Market Premium data for Axiom Gas Engineering is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Axiom Gas Engineering IPO list on NSE and BSE?
The Axiom Gas Engineering IPO is expected to list on 25 Sep 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Axiom Gas Engineering IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Axiom Gas Engineering IPO a mainboard or SME issue?
Axiom Gas Engineering is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Axiom Gas Engineering IPO?
You can apply for the Axiom Gas Engineering IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the allotment ratio for Axiom Gas Engineering IPO?
Based on the retail subscription of 1.86x, the estimated allotment ratio is 1 lot per 2 applicants (approximately 53.8% chance of allotment). This is an estimate and actual allotment may vary.
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