The Axiom Gas Engineering IPO shares are set to debut on the NSE SME platform on 25th September 2026. Axiom Gas Engineering raised ₹50.75 crore through its initial public offering, which witnessed an overall subscription of 1.39 times. The IPO opened for subscription on 18th September 2026 and closed on 22nd September 2026.
The IPO had a price band of ₹51 to ₹54 per share. The issue comprised up to 93.98 lakh equity shares and was a fresh issue. The company’s shares are scheduled to begin trading on the NSE SME platform following the listing.
Axiom Gas Engineering IPO Details
| Particular | Details |
|---|---|
| Company | Axiom Gas Engineering Ltd. |
| IPO Size | ₹50.75 crore |
| Issue Type | Fresh Issue |
| Shares Offered | 93.98 lakh shares |
| Price Band | ₹51–₹54 per share |
| Lot Size | 2,000 shares |
| Minimum Application | 4,000 shares |
| Minimum Investment at Upper Price | ₹2.16 lakh |
| Listing Exchange | NSE SME |
| Listing Date | September 25, 2026 |
Axiom Gas Engineering IPO Subscription Details
The Axiom Gas Engineering IPO witnessed an overall subscription of 1.39 times. The individual investor category was subscribed 1.86 times, while the qualified institutional buyer (QIB) category witnessed 1.10 times subscription. The non-institutional investor (NII) category was subscribed 0.98 times.
| Investor Category | Subscription |
|---|---|
| Individual Investors | 1.86 times |
| QIB | 1.10 times |
| NII | 0.98 times |
| Overall | 1.39 times |
With the NSE SME listing, the company is moving from the primary market to the secondary market. Investors can track the opening price and subsequent trading activity once the shares begin trading on the exchange.
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How Will Axiom Gas Engineering Use IPO Funds?
Axiom Gas Engineering plans to use the funds raised through the IPO for capital expenditure, repayment or prepayment of certain outstanding borrowings and general corporate purposes. These objectives were outlined as part of the IPO.
The company operates in the gas engineering and energy solutions segment, with activities related to Auto LPG, CNG and LNG solutions for retail and industrial customers. It also operates Auto LPG dispensing stations under the PRIMEFUEL brand.
Axiom Gas Engineering Financial Performance
Axiom Gas Engineering reported an improvement in its financial performance in FY26. The company’s total income increased to ₹101 crore in FY26 from ₹90 crore in FY25. Profit after tax rose to ₹9 crore in FY26 from ₹8 crore in FY25.
| Financial Metric | FY25 | FY26 |
|---|---|---|
| Total Income | ₹90 crore | ₹101 crore |
| Profit After Tax | ₹8 crore | ₹9 crore |
The IPO was managed by SKI Capital Services Ltd as the book-running lead manager, while KFin Technologies Ltd. acted as the registrar to the issue.
With the Axiom Gas Engineering IPO listing scheduled for 25th September 2026, investors can track how the shares trade after their debut on the NSE SME platform. The actual market price will be determined by trading activity and demand after listing.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the company’s offer documents and consider their own financial circumstances before making investment decisions.
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FAQ:
| Question | Answer |
|---|---|
| When will Axiom Gas Engineering IPO shares list? | Axiom Gas Engineering shares are scheduled to list on the NSE SME platform on 25th September 2026. |
| What is the Axiom Gas Engineering IPO size? | The IPO size is ₹50.75 crore. |
| What was the Axiom Gas Engineering IPO price band? | The price band was fixed at ₹51 to ₹54 per share. |
| What was the Axiom Gas Engineering IPO subscription status? | The IPO witnessed an overall subscription of 1.39 times. |
| What is the Axiom Gas Engineering IPO lot size? | The lot size was 2,000 shares with a minimum application of 4,000 shares. |
| Where will Axiom Gas Engineering shares be listed? | The shares are scheduled to list on the NSE SME platform. |
