Axiom Gas Engineering Limited IPO
18 Sept 2026 – 22 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹39.85
- H
- ₹41.9
- L
- ₹39.85
- C
- ₹40
7 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹51 – ₹54
- Lot Size
- 2000 shares
- Min Investment
- ₹2,16,000 (2 lots · 4,000 shares)
- Face Value
- ₹5
- Fresh Issue
- 93,98,000 shares (to the company)
- Listing At
- NSE · BSE
- Issue Size
- Initial Public Offer comprising of Fresh Issue up to 93,98,000 Equity Shares (including Market Maker portion of 4,78,000 Equity Shares and Anchor allocation 10,70,000 Equity Shares)
- Registrar
- KFin Technologies Limited ↗
Timetable
GMP History
Latest GMP ₹0 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 24 Sept | ₹0 | 0.0% | — | ₹54 | |
| 23 Sept | ₹0 | 0.0% | — | ₹54 | |
| 22 Sept | ₹0 | 0.0% | — | ₹54 | |
| 21 Sept | ₹0 | 0.0% | — | ₹54 | |
| 20 Sept | ₹0 | 0.0% | — | ₹54 | |
| 19 Sept | ₹0 | 0.0% | — | ₹54 | |
| 18 Sept | ₹0 | 0.0% | — | ₹54 | |
| 17 Sept | ₹0 | 0.0% | — | ₹54 |
Subscription
NSE publishes what each category bid for on this issue but not how many shares were reserved for it, so the bids below stand without a multiple against them.
Category-wise bidding
| Category | Bid for | Applications | Times |
|---|---|---|---|
| QIB | 7,82,000 | 5 | — |
| NII / HNI | 39,86,000 | 138 | — |
| bNII · bids above ₹10L | 28,96,000 | 23 | — |
| sNII · bids ₹2L–₹10L | 10,90,000 | 115 | — |
| Retail | 66,24,000 | 1,656 | — |
Bids received on NSE, as at 22-Sep-2026 19:00:02 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 22 Sept | — | — | — | 1.37x |
| 21 Sept | — | — | — | 0.86x |
| 20 Sept | — | — | — | 0.58x |
| 19 Sept | — | — | — | 0.58x |
| 18 Sept | — | — | — | 0.58x |
Financials
All values in ₹ crore
About Axiom Gas Engineering
Established in 2007, Axiom Gas Engineering Limited 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. As of June 30, 2024, the company operated 18 Auto LPG Dispensing Stations in Telangana, Maharashtra, and Karnataka. Operating under the brand name " PrimeFuel ," AGEL manages Auto LPG Dispensing Stations across multiple states in India. The company has demonstrated strong financial growth, with increasing revenues and profits. 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. As of December 2024, the company has 21 permanent employees. 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).
As published in the company's own offer documents.
Strengths
- 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).
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- SKI Capital Services Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 2,000 | ₹1,08,000 |
| S-HNI (min)first bid over ₹2L | 2 | 4,000 | ₹2,16,000 |
| S-HNI (max)most that stays under ₹10L | 9 | 18,000 | ₹9,72,000 |
| B-HNI (min)first bid over ₹10L | 10 | 20,000 | ₹10,80,000 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Categories
- FI, IC, MF, FII, OTH, CO, IND and NOH
- UPI Eligible
- IND (Up to Rs. 5,00,000)
- Max Bid (QIB)
- 78,50,000 Equity shares (Calculated at Higher Price band)
- Max Bid (NII)
- 71,36,000 Equity shares (Calculated at Higher Price band)
- Tick Size
- Re.1/-
- Bidding Hours
- 10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
- UPI Mandate Cut-off
- 22-Sep-2026 (upto 5:00 PM) The cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to p
- Sponsor Bank
- ICICI Bank Limited
Registrar
- Name
- KFin Technologies Limited
- Address
- Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District,Nanakramguda, Serilingampally, Hyderabad 500032, Telangana
- Contact
- M Murali Krishna, 91 40 6716 2222, agel.ipo@kfintech.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Axiom Gas Engineering Limited IPO today?
The latest grey market premium for Axiom Gas Engineering Limited IPO is ₹0. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Axiom Gas Engineering Limited IPO?
The price band is ₹51 – ₹54, with a lot size of 2000 shares. The minimum investment is ₹2,16,000.
When does Axiom Gas Engineering Limited IPO open and close?
The issue opens on 18 Sept 2026 and closes on 22 Sept 2026. Listing is expected on 25 Sept 2026.
Who is the registrar for Axiom Gas Engineering Limited IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.