Axiom Gas Engineering Limited
Bookbuilding IPO · NSE
- Price band
- ₹51 - ₹54
- Lot size
- 2,000 shares
- Issue amount
- ₹50.74 cr
- Total subscription
- 1.45×
- Opens
- 18 Sept 2026
- Closes
- 22 Sept 2026
- Allotment
- 23 Sept 2026
- Listing
- 25 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 93,98,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹50.74 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,08,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,59,46,000
- Shares after issue
- 3,53,44,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,16,000 |
| sHNI | 3 | 6,000 | ₹3,24,000 |
| bHNI | 10 | 20,000 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 22 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 5 |
| NIB | 0 | 138 |
| RETAIL | 892 | 1,656 |
| HNIs(10L +) | 396 | 23 |
| HNIs (2-10L) | 198 | 115 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.86 | 4.22 |
| FIIs | 0 | 1 |
| Others | 0 | 3.22 |
| RETAIL | 19.27 | 35.77 |
| NIB | 19.27 | 21.52 |
| HNIs 2+ | 6.43 | 5.89 |
| HNIs 10+ | 12.84 | 15.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 3.64 | 2.99 | 2.25 |
| ROE | 28.4 | 32.52 | 41.45 |
| ROCE | 28.9 | 30.5 | 27.01 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 14.56 | 0 | 0 |
| POST IPO(PE) | 19.85 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Axiom Gas Engineering Limited | 14.56 | 53.00 | 5.00 | 12.83 | 28.40 | 3.64 |
| Confidence Petroleum India Limited | 26.70 | 74.76 | 1.00 | 42.69 | 6.81 | 2.80 |
| Aegis Logistics Limited | 52.81 | 1351.30 | 1.00 | 172.49 | 18.37 | 25.59 |
Company information
Company profile
Incorporated in 2007, Axiom Gas Engineering Limited is a green energy engineering company providing solutions for Auto LPG, CNG, and LNG applications across retail, industrial, and commercial sectors. The company operates more than 20 Auto LPG Dispensing Stations (ALDS) under the “PRIMEFUEL” brand across states including Telangana, Karnataka, and Maharashtra. Its services include gas and pipeline engineering, turnkey solutions for LPG and CNG retail, bottling and bulk installations, statutory testing and certification of hydrocarbon equipment, technical consultancy, maintenance and training services. The company also manufactures pressure vessels through third-party collaborations and specializes in industrial and commercial LPG solutions. With a focus on quality, safety, innovation, and environmental sustainability, Axiom Gas Engineering provides end-to-end solutions for efficient and reliable gas infrastructure.
Strengths
- Specialized Gas Engineering Solutions: Provides engineering and infrastructure solutions for the gas industry, supporting applications across gas distribution and related projects.
- Growing Natural Gas Infrastructure: Increasing development of city gas distribution networks, pipelines, and clean-energy infrastructure provides opportunities for business expansion.
- Technical & Project Execution Expertise: Engineering capabilities and industry experience support project design, installation, commissioning, and execution.
Risk factors
- Project Execution Risk: Delays in project completion, approvals, or commissioning may affect revenue, cash flows, and profitability.
- Dependence on Gas Sector: Business performance is closely linked to investments in gas distribution, pipelines, and related energy infrastructure.
- Competitive & Regulatory Risk: Competition from established engineering companies and changes in gas-sector regulations may affect order inflows and margins.
Promoters
Alpeshkumar Naginbhai Patel
Kinnari Alpeshkumar Patel
Sadique Abdul Kadar Banani
Asma Mohamad Sadique Banani
Registrar & documents
Lead manager
SKI Capital Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex, Near Essar Petrol Pump, Bhaily, Vadodara, Gujarat, 391410
+914045065015
[email protected]Company website ↗Understanding AXIOMGAS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.