GMP IPO Watch
Axiom Gas Engineering IPO Latest News
The Axiom Gas Engineering IPO is scheduled to open for subscription on September 18, 2026, and close on September 22, 2026. The IPO is a book-built NSE SME issue with a total size of approximately ₹49.81 crore. The issue consists entirely of a fresh issue of 93.98 lakh equity shares.
| Particular | Details |
|---|---|
| IPO Name | Axiom Gas Engineering IPO |
| IPO Dates | Sep 18–22, 2026 |
| IPO Type | NSE SME |
| Price Band | ₹50–₹53 |
| Issue Size | ₹49.81 Cr |
| Issue Type | Fresh Issue |
| Face Value | ₹5 |
| Lot Size | 2,000 Shares |
| Retail Minimum | 4,000 Shares |
| Min Investment | ₹2,12,000 |
| Allotment | Sep 23, 2026 |
| Refund/Demat | Sep 24, 2026 |
| Listing Date | Sep 25, 2026 |
| Listing | NSE SME |
| Lead Manager | SKI Capital Services |
| Registrar | KFin Technologies |
Axiom Gas Engineering IPO GMP Today
The latest available Axiom Gas Engineering IPO GMP is around ₹0 per share. Current grey-market tracking therefore indicates an unofficial price of about ₹53 at the upper IPO band of ₹53.
GMP is an unofficial and unregulated indicator. It can change before the IPO listing and should not be treated as a guaranteed listing price.
Axiom Gas Engineering IPO Lot Size and Investment
The IPO lot size is 2,000 shares. At the upper price band of ₹53, one lot represents an application value of ₹1.06 lakh. Retail investors are required to apply for a minimum of two lots, or 4,000 shares, resulting in a minimum application amount of ₹2.12 lakh.
| Particular | Details |
|---|---|
| Lot Size | 2,000 Shares |
| Price | ₹50–₹53 |
| One Lot at Upper Band | ₹1,06,000 |
| Retail Minimum | 4,000 Shares |
| Retail Investment | ₹2,12,000 |
Axiom Gas Engineering Company Business
Axiom Gas Engineering Limited operates in the Auto LPG segment. The company distributes and retails Auto Liquefied Petroleum Gas through a network of company-owned and company-operated Auto LPG dispensing stations, supported by storage and related infrastructure.
The business is therefore connected to the alternative automotive-fuel market, with its operations focused on supplying Auto LPG to vehicle users through its dispensing network.
The company's registered office is in Vadodara, Gujarat.
Axiom Gas Engineering IPO Financial Performance
Axiom Gas Engineering has reported improvement in both revenue and profitability in the latest financial year.
According to the latest available IPO information, revenue increased to approximately ₹100.78 crore in FY26, compared with ₹89.85 crore in FY25. Profit after tax increased to approximately ₹9.45 crore in FY26, compared with ₹7.75 crore in FY25.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY24 | — | ₹5.74 Cr |
| FY25 | ₹89.85 Cr | ₹7.75 Cr |
| FY26 | ₹100.78 Cr | ₹9.45 Cr |
The company's earlier restated financial information reported FY25 EPS of ₹2.99, compared with ₹2.25 in FY24.
Axiom Gas Engineering IPO Objects of the Issue
The Axiom Gas Engineering IPO is a fresh issue, meaning the proceeds are intended to provide capital to the company rather than being an offer for sale by existing shareholders.
The detailed utilisation of funds should be checked against the latest RHP and final issue documents before applying, particularly because the company plans to use the capital to support its business and infrastructure requirements.
The company's official DRHP states that investors should also consider the company's business, financial statements and risk factors when evaluating the issue.
Axiom Gas Engineering IPO Investor Reservation
The IPO has separate allocations for institutional, non-institutional and retail investors. Current IPO information indicates that approximately 50% of the net issue is reserved for retail investors and 50% for NII investors, while the exchange information also shows a QIB allocation. Investors should refer to the final RHP for the exact category-wise reservation applicable to the issue.
Axiom Gas Engineering IPO Business Highlights
The Axiom Gas Engineering IPO provides exposure to an Auto LPG-focused business with an established dispensing network.
Key business points include:
- Operations in the Auto LPG distribution and retail segment.
- Company-owned and company-operated dispensing stations.
- Storage and supporting infrastructure for Auto LPG operations.
- Presence in the alternative automotive-fuel market.
- Revenue growth from FY25 to FY26.
- Improvement in PAT during the same period.
- Proposed NSE SME listing.
These points describe the company's existing business and financial profile and do not indicate future share-price performance.
Axiom Gas Engineering IPO Risks
Investors tracking the Axiom Gas Engineering IPO should consider risks associated with the Auto LPG industry, including changes in fuel demand, competition from other automotive fuels and changes in government regulations or taxation.
The company is also exposed to operational requirements associated with maintaining dispensing stations and storage infrastructure. Changes in fuel prices and customer preferences can influence demand and margins.
As an SME IPO, the shares can also have different liquidity characteristics from mainboard-listed companies. The minimum retail application of ₹2.12 lakh is another important consideration for investors.
Axiom Gas Engineering IPO Important Dates
The Axiom Gas Engineering IPO will open on September 18 and close on September 22, 2026. The basis of allotment is scheduled for September 23, refunds and demat credit are expected on September 24, and the shares are scheduled to list on NSE SME on September 25, 2026.
| Event | Date |
|---|---|
| IPO Opens | Sep 18, 2026 |
| IPO Closes | Sep 22, 2026 |
| Allotment | Sep 23, 2026 |
| Refund | Sep 24, 2026 |
| Demat Credit | Sep 24, 2026 |
| Listing | Sep 25, 2026 |
Axiom Gas Engineering IPO Key Highlights
- Axiom Gas Engineering IPO issue size is approximately ₹49.81 crore.
- Price band is ₹50–₹53 per share.
- The issue is entirely a fresh issue.
- IPO lot size is 2,000 shares.
- Retail investors need to apply for at least 4,000 shares.
- Minimum retail investment is ₹2.12 lakh.
- Latest reported GMP is around ₹0.
- FY26 revenue was approximately ₹100.78 crore.
- FY26 PAT was approximately ₹9.45 crore.
- The company operates in the Auto LPG distribution and retail segment.
- Shares are scheduled to list on NSE SME on September 25, 2026.
Axiom Gas Engineering IPO Review
The Axiom Gas Engineering IPO is a ₹49.81 crore NSE SME issue from an Auto LPG distribution and retail company. The company has reported growth in revenue and profit through FY26, while its business is supported by company-owned and company-operated Auto LPG dispensing infrastructure.
At the same time, investors should examine the company's dependence on the Auto LPG market, fuel-price movements, regulatory conditions, operating infrastructure, competition and SME-market liquidity. The current GMP of around ₹0 is an unofficial market indicator and can change before listing.
Axiom Gas Engineering IPO Conclusion
The Axiom Gas Engineering IPO is priced at ₹50–₹53 per share and will open on September 18, 2026. The ₹49.81 crore issue is entirely a fresh issue and is proposed to be listed on NSE SME.
The company reported FY26 revenue of approximately ₹100.78 crore and PAT of ₹9.45 crore. The latest reported GMP is around ₹0. Investors tracking the IPO should monitor the subscription figures after the issue opens and review the final RHP, financial statements and risk factors before making an investment decision.
Disclaimer: Axiom Gas Engineering IPO GMP is unofficial and unregulated. GMP and subscription figures can change frequently. Investors should verify the latest IPO documents and exchange disclosures before making any investment decision.
