GMP IPO Watch
Axiom Gas Engineering IPO Latest News: GMP, Day 3 Subscription and Key Details
Axiom Gas Engineering IPO is closing today, September 22, 2026, after opening on September...
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SME IPO
LISTED
NSE SME
AXIOMGAS
Axiom Gas Engineering IPO
Axiom Gas Engineering IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹0
+0.0%
Est. Listing: ₹54.00
Price Band
₹51 - ₹54
Per equity share
Lot Size
2000 Shares
Min Invest: ₹2,16,000
Issue Size
₹49.81 Cr
Fresh: ₹49.81 Cr
Issue Dates
17 September 2026 – 21 September 2026
Bidding period
Subscription
0.85x
Total overall demand
Axiom Gas Engineering IPO Details
Key facts at a glance| IPO Open Date | 17 September 2026 | IPO Close Date | 21 September 2026 |
|---|---|---|---|
| Basis of Allotment | 22 September 2026 | Listing Date | 24 September 2026 |
| Price Band | ₹51 - ₹54 per share | Face Value | ₹10 per share |
| Market Lot Size | 2000 Shares | Min Investment (Retail) | ₹2,16,000 |
| Total Issue Size | ₹49.81 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹49.81 Cr | Offer for Sale (OFS) | — |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Axiom Gas Engineering IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 17 September 2026 | Confirmed |
| IPO Close Date | 21 September 2026 | Confirmed |
| Basis of Allotment | 22 September 2026 | Tentative |
| Initiation of Refunds | 24 September 2026 | Tentative |
| Credit of Shares to Demat | 24 September 2026 | Tentative |
| IPO Listing Date | 24 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 22 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Axiom Gas Engineering IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 4,000 Shares | ₹2,16,000 |
| Retail (Max) | 2 Lots | 4,000 Shares | ₹2,16,000 |
| S-HNI (Min) | 3 Lots | 6,000 Shares | ₹3,24,000 |
| S-HNI (Max) | 9 Lots | 18,000 Shares | ₹9,72,000 |
| B-HNI (Min) | 10 Lots | 20,000 Shares | ₹10,80,000 |
Axiom Gas Engineering IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹0 +0.0%
Estimated Listing Price
₹54.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 22 Sept 2026 | ₹0 | ₹54.00 | 0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Axiom Gas Engineering IPO Subscription Status
Demand breakdown by investor category
Retail
1.86x
QIB
1.10x
NII / HNI
0.98x
Total
0.85x
Axiom Gas Engineering Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 52.37 Cr. | 74.54 Cr. | 66.85 Cr. | 5.74 Cr. |
| 2025 | 60.83 Cr. | 89.85 Cr. | 79.49 Cr. | 7.75 Cr. |
| 2026 | 69.38 Cr. | 100.78 Cr. | 88.13 Cr. | 9.45 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Axiom Gas Engineering IPO Valuation & KPIs
Key metrics pre-issue
EPS
3.64 (Basic)
P/E Ratio
N/A
RoNW
28.40%
NAV per share
₹12.83
RoCE
28.90%
RoE
28.40%
Debt to Equity
0.48
PAT Margin
9.38%
EBITDA Margin
15.36%
Axiom Gas Engineering Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Confidence Petroleum India Limited | 26.70 | 2.80 | 6.81% | 42.69 | 4,704.57 Cr. |
| Aegis Logistics Limited | 52.81 | 25.59 | 18.37% | 172.49 | 8,333.21 Cr. |
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.
Key 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.
Key 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 Important 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.
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.
Axiom Gas Engineering Company Financial Report
| 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.
Axiom Gas Engineering Company Valuation & Key Performance Indicators
| 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.
Axiom Gas Engineering 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.
Axiom Gas Engineering IPO FAQs
Axiom Gas Engineering IPO opens for subscription on 17 September 2026 and closes on 21 September 2026.
The price band for Axiom Gas Engineering IPO is set at ₹51.00 to ₹54.00 per share.
The minimum market lot size is 2000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 4,000 Shares (₹2,16,000).
The latest Grey Market Premium (GMP) for Axiom Gas Engineering IPO is ₹0. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Axiom Gas Engineering IPO is tentatively scheduled for 22 September 2026, and shares are expected to list on the stock exchanges on 24 September 2026.
The registrar details will be confirmed in the official prospectus.
Axiom Gas Engineering IPO Analysis & Articles
