Axiom Gas Engineering IPO
Open nowSMEGas Distribution
0.62×
Subscribed
Price band
₹51 – ₹54
Lot size
2,000
1 lot = ₹1,08,000
Issue size
₹50.75 Cr
Open – close
18 Sept 2026
to 22 Sept 2026
Listing
25 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens18 Sept 2026
- Closes22 Sept 2026
- Allotment23 Sept 2026
- Listing25 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.80x
Non-institutionalNII / HNI0.55x
Big NIIabove ₹10L0.58x
Small NII₹2L – ₹10L0.50x
Retail individualRII0.64x
621 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 18 Sept 2026.
Chance of allotment
Retail0.64× subscribed
Full allotment
Minimum 2 lots · 4,000 shares · ₹2,16,000 blocked
The retail portion is under-subscribed at 0.64×, so every valid application should receive a full allotment.
HNI / NII0.55× subscribed
Full allotment
Minimum 1 lot · 2,000 shares · ₹1,08,000 blocked
The HNI portion is under-subscribed at 0.55×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹51 – ₹54
Face value₹5
Lot size2,000shares
Minimum application₹1,08,000at cut-off
Total issue size₹50.75 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
ISININE16J201028
RegistrarKARVY
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.5%
Listed up
6 of 8
Best
+90.0%
Millworks Technologies
Worst
-0.7%
Mopshop Distribution
Shanti Inorganicssame segment
142.2× sub+90.0%
Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Mopshop Distributionsame segment
1.6× sub-0.7%
Anawil Wire and Engineeringsame segment
149.1× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
50.0× sub+13.4%
Sotefin Bharatsame segment
4.0× sub+9.6%
Millworks Technologiessame segment
219.5× sub+90.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Axiom Gas Engineering
Axiom Gas Engineering Limited, incorporated in 2007 as Axiom Gas Engineering Private Limited, is engaged in the distribution and retailing of auto liquefied petroleum gas (auto LPG). The company was founded by Alpeshkumar Naginbhai Patel and was joined by Sadique Abdul Kadar Banani in 2012. The promoters have around 26 years of experience in the oil and gas sector. The company operates through a network of auto LPG dispensing stations (ALDS) across Telangana, Karnataka, and Maharashtra. Its operations include procurement of auto LPG, storage, transportation, and distribution to its dispensing stations, where the fuel is sold to end consumers, primarily catering to the transport sector. The company has developed storage and allied infrastructure to support its distribution activities. Its infrastructure includes storage, handling, and dispensing facilities designed to comply with applicable regulatory requirements for auto LPG distribution. The company’s revenues are primarily derived from the retail sale of auto LPG through its ALDS network. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure – Rs 27.60 crore Prepayment or repayment of a portion of certain outstanding borrowings availed by our company – Rs 9.12 crore General corporate purposes
Founded 2007MD Mr. Nikhil TiwariSector Gas Distribution
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Axiom Gas Engineering IPO subscribed?
Axiom Gas Engineering is subscribed 0.62× overall (QIB 0.80×, NII 0.55×, retail 0.64×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, KARVY.
What is the minimum investment in the Axiom Gas Engineering IPO?
One lot is 2,000 shares, so a retail application at the ₹54 cut-off price blocks ₹1,08,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Axiom Gas Engineering IPO allotment date?
Allotment is scheduled for 2026-09-23, with listing on 2026-09-25. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KARVY.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.