The Axiom Gas Engineering IPO is a Rs 50.75 crore book-built fresh issue, comprising 93.98 lakh shares.
Subscription opens on September 18, 2026, and closes on September 22, 2026, with allotment expected on September 23 and listing on the NSE SME tentatively scheduled for September 25, 2026.
The price band is fixed at Rs 51–Rs 54 per share, with a lot size of 2,000 shares. Retail investors must apply for a minimum of 4,000 shares, requiring an investment of Rs 2.16 lakh at the upper price.
SKI Capital Services Ltd. is the book-running lead manager, and KFin Technologies Ltd. is the registrar.
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Axiom Gas Engineering IPO: Objects of the Issue
The company intends to use the net proceeds from the IPO primarily for capital expenditures, allocating Rs 27.60 crore towards this objective. This forms the largest component of the issue’s object and supports the company’s growth and operational expansion plans. A portion of the proceeds, amounting to Rs 9.12 crore, will be utilized for the prepayment or repayment of certain outstanding borrowings availed by the company. The remaining funds will be directed towards general corporate purposes, bringing the total issue size to Rs 36.72 crore.Read more:Last day to bid! Jindal Supreme IPO closes today: Subscription tops 31 times, GMP at 27%; should you subscribe?
Financial Performance
Axiom Gas Engineering Ltd. reported strong financial growth between FY25 and FY26, with total income rising from Rs 90 crore to Rs 101 crore, marking a 12% increase year-over-year. The company’s profitability also improved significantly, as profit after tax (PAT) grew by 22%, increasing from Rs 8 crore in FY25 to Rs 9 crore in FY26.
About Axiom Gas Engineering Ltd.
Axiom Gas Engineering Ltd. 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. The company operates 20+ Auto LPG Dispensing Stations (ALDS) under the name, “PRIMEFUEL” across multiple states in India including Telangana, Karnataka, and Maharashtra.
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The company provides gas and pipe engineering, turnkey LPG/CNG retail and bottling solutions, and statutory testing and certification for hydrocarbon equipment to ensure safety compliance. It also offers technical consultancy, maintenance and training programs, third-party manufacturing of pressure vessels, and specializes in industrial and commercial LPG solutions.
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