Axiom Gas Engineering is an SME IPO scheduled to open on 18 Sept 2026 and close on 22 Sept 2026, priced at ₹50 – ₹53 per share, minimum lot 2,000 shares (~₹2,12,000 for retail). Proposed listing on NSE SME on 25 Sept 2026.
About Axiom Gas Engineering
Axiom Gas Engineering Limited is engaged in the business of distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG). The company carries out its operations through a network of company-owned and company-operated Auto LPG Dispensing Stations, alongside developed storage and allied infrastructure facilities. Operating in Telangana, Karnataka, and Maharashtra, its core business caters to the transport sector by marketing Auto LPG as an alternative automotive fuel for compatible vehicles. The business model relies on procuring Auto LPG from suppliers, storing and transporting it to dispensing stations, and generating revenue through retail sales via metered nozzles. The company operates as a single business segment, integrating activities from procurement to retail distribution while adhering to applicable safety and regulatory requirements.
Axiom Gas Engineering IPO Details
| IPO Type | SME |
| Price Band | ₹50 – ₹53 per share |
| Lot Size | 2,000 shares · ~₹2,12,000 for retail |
| Grey Market Premium (GMP) | Not available yet |
| Total Issue Size | ₹49.81 crore |
| Listing At | NSE SME |
Axiom Gas Engineering IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 18 Sept 2026 |
| IPO Close Date | 22 Sept 2026 |
| Basis of Allotment | 23 Sept 2026 |
| Refund / UPI Mandate Release | 24 Sept 2026 |
| Credit of Shares to Demat | 24 Sept 2026 |
| Listing Date | 25 Sept 2026 |
Axiom Gas Engineering IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,12,000 |
| HNI | 3 – 9 | 6,000 – 18,000 | ₹3,18,000 – ₹9,54,000 |
Axiom Gas Engineering IPO GMP (Grey Market Premium)
The latest grey market premium for Axiom Gas Engineering is Not available yet. GMP is an unofficial, over-the-counter figure that can change through the day and is not endorsed by SEBI or the exchanges.
Axiom Gas Engineering — Strengths
- Owned an Auto LPG dispensing station network with storage infrastructure.
- Multi-state presence across Telangana, Karnataka, and Maharashtra.
- Integrated operations controlling procurement through to retail distribution.
- Established regulatory compliance with PESO permissions and safety rules.
- Focused on expanding station network density to drive retail growth.
Axiom Gas Engineering — Risks
- High supplier concentration with 99.75% of LPG sourced from the top 3 suppliers.
- Heavy reliance on the group entity Prime Fuel Logistics for LPG transport.
- Inherent hazards, fire, and explosion risks associated with handling LPG.
- Revenue concentration in Telangana, Maharashtra, and Karnataka markets.
- High fixed costs in storage infrastructure affect margins during demand drops.
Axiom Gas Engineering IPO Prospectus
Read the offer document: Axiom Gas Engineering DRHP / RHP (PDF).
More on Axiom Gas Engineering IPO
- Axiom Gas Engineering IPO — live GMP, subscription & allotment status
- Axiom Gas Engineering IPO listing gain calculator
- All SME IPOs
- Full IPO list with GMP
Allotment and listing-gain details will be published here once available. This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.
Loading comments...