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.
- IPO Price Band
- ₹51.00 - ₹54.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 22 Sept 2026
- Listing Date
- 25 Sept 2026
Quick Answer & Highlights
Axiom Gas Engineering IPO GMP Today & Key Takeaways
Last updated: 22 Sept 2026
The Grey Market Premium (GMP) for Axiom Gas Engineering IPO is currently awaiting trading updates (last quote: ₹0). The shares are offered in the price band of ₹51.00 - ₹54.00 per share, with a minimum retail investment of Rs 2,16,000 for 2,000 Shares. Public bidding has closed. The basis of allotment is expected on 23 Sept 2026, ahead of stock exchange listing on 25 Sept 2026.
The Grey Market Premium (GMP) for Axiom Gas Engineering IPO is currently awaiting trading updates (last quote: ₹0). The shares are offered in the price band of ₹51.00 - ₹54.00 per share, with a minimum retail investment of ₹2,16,000 for 2,000 Shares. Public bidding has closed, with allotment expected on 23 Sept 2026 and listing on 25 Sept 2026.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹0 | +0% vs upper band (22 Sept 2026) |
| Est. Listing Price | Est. ₹54 | +0.00% Est. Listing Gain |
| Price Band | ₹51.00 - ₹54.00 | SME IPO |
| Retail Minimum Investment | ₹2,16,000 | 2 Lot (2,000 Shares) |
| Bidding Window | 18 Sept 2026 – 22 Sept 2026 | Closed |
| Allotment & Listing Dates | Allotment: 23 Sept 2026 | Listing: 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
| IPO Open Date | 18 Sept 2026 |
|---|---|
| IPO Close Date | 22 Sept 2026 |
| IPO Price Band | ₹51.00 - ₹54.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +0.00% |
| Issue Size | Approx ₹49.81 Cr |
| Fresh Issue | Approx ₹49.81 Cr |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 0.85x |
| Minimum Investment | ₹2,16,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 7.14 | 7.82 | 1.10xx |
| NII | 35.68 | 35.08 | 0.98xx |
| Retail | 35.68 | 66.24 | 1.86xx |
| Overall Subscription | 78.5 | 109.14 | 0.85xx |
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
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 18 Sept 2026 | Completed |
| Bidding Closes | 22 Sept 2026 | Completed |
| Allotment | 23 Sept 2026 | Next Milestone |
| Listing | 25 Sept 2026 | Pending |
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 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.
Comparison
Compare Axiom Gas Engineering IPO with similar IPOs
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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