IPO details · Updated
Axiom Gas Engineering Limited
- Price Band
- ₹51 – ₹54
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,08,000
- Issue Size
- ₹50.75 Cr
- Offer Dates
- 18 Sept – 22 Sept 2026
- Listing
- 25 Sept 2026
Issue Details
- Total Issue Size
- ₹50.75 Cr
- 93,98,000 shares
- Fresh Issue
- ₹50.75 Cr
- 93,98,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹5 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 2,59,46,000
- Shares Post-Issue
- 3,53,44,000
IPO Timeline
Offer opens
18 Sept 2026
Offer closes
22 Sept 2026
Allotment
23 Sept 2026
Listing
25 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor11.4%10,70,400 shares
- QIB7.6%7,14,000 shares
- HNI38.0%35,68,000 shares
- Retail38.0%35,68,000 shares
- MarketMaker5.1%4,78,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 78,50,000 | 48,36,000 | 0.62x |
| Total | 78,50,000 | 48,36,000 | 0.62x |
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
S-HNI (min)
3 lots · 6,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,16,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹3,24,000 |
| Big HNI (B-HNI) | 10 | 20,000 | ₹10,80,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 69.38 | 60.83 | 52.37 |
| Total Income | 100.78 | 89.85 | 74.54 |
| Profit After Tax | 9.45 | 7.75 | 5.74 |
| EBITDA | 15.48 | 13.29 | 10.01 |
| Net Worth | 33.28 | 23.83 | 13.85 |
| Reserves & Surplus | 20.31 | 10.86 | 13.6 |
| Total Borrowing | 16.06 | 16.3 | 20.12 |
Key Performance Indicators
| Period | Mar-25 |
|---|---|
| ROE (%) | 28.4 |
| ROCE (%) | 28.9 |
| EPS (₹) | 3.64 |
| P/E (pre-issue) | 14.84 |
| P/E (post-issue) | 20.22 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Confidence Petroleum India Limited | 26.7 | 6.81% |
| Aegis Logistics Limited | 52.81 | 18.37% |
About Axiom Gas Engineering Limited
Incorporated in 2007, 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. The company offers the following services:- Gas and Pipe Engineering : Designs, implements, and maintains efficient gas systems for various industrial and commercial needs. Turnkey Services: Provides turnkey services for LPG/CNG retail, bottling, and bulk installations from concept to completion. Statutory Testing and Certification : Testing and Certification for hydrocarbon equipment, ensuring compliance with safety standards. Technical Consultancy : Provide expert guidance on hydrocarbon equipment design and optimization. Maintenance Operation and Training : Provides maintenance and training programs to enhance gas system longevity and performance. Manufacturing Pressure Vessels Through Third-Party Collaboration. Specializing in Industrial and Commercial LPG solutions. Competitive Strength: Expertise in Executing Projects in Challenging Geographical Locations. Cost Optimization Strategies Without Compromising Safety Standards. Innovation in Developing and Implementing Cost-Effective Technical Solutions. Leveraging Global Engineering Resources to Deliver Superior Value. Commitment to Delivering Sustainable Projects with Excellence in Health Safety and Environment. Rapid Deployment Capabilities to Minimize Turnaround Times. Cost-Effective Establishment of New Auto LPG Dispensing Stations (ALDS).
Objects of the Issue
- Capital Expenditures (₹27.60 Cr)
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company (₹9.12 Cr)
- General Corporate Purposes
Promoters
- <p>Alpeshkumar Naginbhai Patel
- Kinnari Alpeshkumar Patel
- Sadique Abdul Kadar Banani
- Asma Mohamad Sadique Banani</p>
Company Information
- Book running lead managers
- SKI Capital Services Ltd.
- Registered office
- 522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex, Near Essar Petrol Pump, Bhaily, Vadodara, Gujarat, 391410
- Market maker
- Sunflower Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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