Axiom Gas Engineering IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
AXIOMGAS
Axiom Gas Engineering IPO GMP & Allotment
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.
- Price Band
- ₹51.00 - ₹54.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 22 Sept 2026
- Listing Date
- 25 Sept 2026
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
22 Sept 2026
Listing Price
Est. ₹54
Retail Entry
₹2,16,000
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹51.00 - ₹54.00 |
| Issue Price | Approx ₹49.81 Crores |
| Listing Price | Est. ₹54 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE SME |
| Retail Quota | TBA |
| Overall Subscription | 0.85x |
| Listing Date | 25 Sept 2026 |
| Minimum Investment | ₹2,16,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 7.14 | 7.82 | 1.10x |
| NII | 35.68 | 35.08 | 0.98x |
| Retail | 35.68 | 66.24 | 1.86x |
| Overall Subscription | 78.50 | 109.14 | 0.85x |
Company data
{Axiom Gas Engineering}: financials, valuation & listing
Listing details
| Listing date | 25 Sept 2026 |
|---|---|
| NSE symbol | AXIOMGAS |
| ISIN | INE16J201028 |
| Offer price | ₹51 – ₹54 |
| Face value | ₹5 |
| Listing price | ₹54.75 |
Valuation
| Return on equity (ROE) | 28.40% |
|---|---|
| Return on capital employed (ROCE) | 28.90% |
| EBITDA margin | 15.36% |
| PAT margin | 9.38% |
| Debt to equity | 0.48 |
| EPS | 3.64 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 28.40% |
| NAV per share | 12.83 |
Financial history
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 74.54 Cr. | 66.85 Cr. | 5.74 Cr. | 52.37 Cr. |
| 2025 | 89.85 Cr. | 79.49 Cr. | 7.75 Cr. | 60.83 Cr. |
| 2026 | 100.78 Cr. | 88.13 Cr. | 9.45 Cr. | 69.38 Cr. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Confidence Petroleum India Limited | 4,704.57 Cr. | 2.80 | 26.70 | 6.81% | 42.69 |
| Aegis Logistics Limited | 8,333.21 Cr. | 25.59 | 52.81 | 18.37% | 172.49 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Capital Expenditure | 27.6 (55.41%) |
| Prepayment or repayment of certain outstanding borrowings | 9.12 (18.31%) |
| General corporate purposes | 13.09 (26.28%) |
Key dates
| UPI mandate deadline | 22 Sept 2026 |
|---|---|
| Allotment finalised | 23 Sept 2026 |
| Refund initiation | 24 Sept 2026 |
| Shares credited | 24 Sept 2026 |
| Mandate end date | 07 Oct 2026 |
| Anchor lock-in ends (50%) | 22 Oct 2026 |
| Anchor lock-in ends (remaining) | 21 Dec 2026 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare Axiom Gas Engineering IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Axiom Gas Engineering is priced at ₹54 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,16,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Axiom Gas Engineering stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Axiom Gas Engineering's IPO was subscribed 0.85x overall, with a category-wise breakdown of Retail 1.86x, QIB 1.1x, NII 0.98x.
Among the strengths highlighted in Axiom Gas Engineering's IPO documents: Owned an Auto LPG dispensing station network with storage infrastructure.; Multi-state presence across Telangana, Karnataka, and Maharashtra..
Investors should also weigh the risk factors Axiom Gas Engineering has disclosed, including: High supplier concentration with 99.75% of LPG sourced from the top 3 suppliers..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
18 Sept 2026
✓
Bidding Closes
22 Sept 2026
03
Allotment Next
23 Sept 2026
04
Listing
25 Sept 2026
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 22 Sept 2026 | ₹0.00 | - | TBA |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,16,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,16,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,24,000 |
| S-HNI Maximum | 9 Lot | 18,000 | ₹9,72,000 |
| B-HNI Minimum | 10 Lot | 20,000 | ₹10,80,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
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.
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.
Analysis
Axiom Gas Engineering IPO Details
Axiom Gas Engineering IPO is a book building issue with an issue size of -. is proposed to be listed on the NSE SME. The IPO price band is set at ₹51.00 to ₹54.00 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 18 Sept 2026 |
| IPO Close Date | 22 Sept 2026 |
| IPO Price Band | ₹51.00 to ₹54.00 |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Note: The above Axiom Gas Engineering IPO details are based on the information provided for the issue.
Analysis
Axiom Gas Engineering IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 18 Sept 2026 |
| IPO Close Date | 22 Sept 2026 |
| Basis of Allotment | 23 Sept 2026 |
| Refunds | 24 Sept 2026 |
| Credit to Demat Account | 24 Sept 2026 |
| IPO Listing Date | 25 Sept 2026 |
Note: The timeline for Axiom Gas Engineering IPO is tentative and subject to change.
Analysis
Axiom Gas Engineering Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capital Expenditure | 27.6 (55.41%) |
| Prepayment or repayment of certain outstanding borrowings | 9.12 (18.31%) |
| General corporate purposes | 13.09 (26.28%) |
Note: Objectives are as specified in the DRHP/RHP documents of Axiom Gas Engineering.
Analysis
Axiom Gas Engineering Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 74.54 Cr. | 66.85 Cr. | 5.74 Cr. | 52.37 Cr. |
| 2025 | 89.85 Cr. | 79.49 Cr. | 7.75 Cr. | 60.83 Cr. |
| 2026 | 100.78 Cr. | 88.13 Cr. | 9.45 Cr. | 69.38 Cr. |
Note: Financial numbers for Axiom Gas Engineering are in ₹ Crores unless stated otherwise.
Analysis
Axiom Gas Engineering Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 28.40% |
| ROCE | 28.90% |
| EBITDA Margin | 15.36% |
| PAT Margin | 9.38% |
| Debt to Equity Ratio | 0.48 |
| Earning Per Share (EPS) | 3.64 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 28.40% |
| Net Asset Value (NAV) | 12.83 |
Note: Valuation KPIs for Axiom Gas Engineering are computed for FY2026.
Analysis
Axiom Gas Engineering IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Confidence Petroleum India Limited | 2.80 | 26.70 | 6.81% | 42.69 | 4,704.57 Cr. |
| Aegis Logistics Limited | 25.59 | 52.81 | 18.37% | 172.49 | 8,333.21 Cr. |
Note: Peer group comparisons for Axiom Gas Engineering are sourced from DRHP filings.
FAQ
Axiom Gas Engineering IPO FAQs
Axiom Gas Engineering IPO price band is Rs 51.00 to Rs 54.00. Check the latest issue price, lot size and GMP together before applying.
Axiom Gas Engineering IPO open date is 18 Sept 2026, close date is 22 Sept 2026, and listing date is 25 Sept 2026.
Axiom Gas Engineering IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,16,000.
Axiom Gas Engineering is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Axiom Gas Engineering IPO subscription status currently shows Retail 1.86x, QIB 1.1x, NII 0.98x, Overall 0.85x.
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 issue size is 49.81 and the expected allotment date is 23 Sept 2026.
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