Axiom Gas Engineering
LISTEDIPO Date: 18 Sept - 22 Sept 2026
Listing Date: 25 Sept 2026
Price Range
₹51 to ₹54
Issue Size
51 Cr
Min Investment
₹2,04,000
2 lots minimum (SEBI rule for SME)
Min Application
4000 Shares
2000 per lot × 2
Schedule of Axiom Gas Engineering
Issue open date
18 Sept 2026
Issue close date
22 Sept 2026
UPI mandate deadline
22 Sept 2026 (5 PM)
Allotment finalization
23 Sept 2026
Share credit
24 Sept 2026
Listing date
25 Sept 2026
Mandate end date
7 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 51 Cr |
| Fresh Issue | 93.98 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 23 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 24 Sept 2026Latest | ₹54 | ₹0 | ₹54(0%) |
| 23 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 22 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 21 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 20 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 19 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 18 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
| 17 Sept 2026 | ₹54 | ₹0 | ₹54(0%) |
Performance Axiom Gas Engineering
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹51 to ₹54 | ₹ 55 (1.39%) | ₹ 33.75 | -37.50% |
About Axiom Gas Engineering
Axiom Gas Engineering Limited is engaged in the distribution and retail sale of Auto Liquefied Petroleum Gas (Auto LPG), primarily serving the automotive and transportation sector. The company operates through company-owned and company-operated Auto LPG Dispensing Stations supported by storage and related infrastructure. Its operations cover procurement, storage, transportation and retail dispensing of Auto LPG to compatible vehicles. The company currently operates across Telangana, Karnataka and Maharashtra. Revenue is generated mainly through the retail sale of Auto LPG through metered dispensing stations.
| Founded in | 2013 |
| Managing director | Ramesh Chandra Agarwal |
| Parent organization |
Financial Overview
Strengths
4- 1
Established Auto LPG network. Operates company-owned and company-operated dispensing stations, giving it direct control over retail operations.
- 2
Presence in multiple states. Operations across Telangana, Karnataka and Maharashtra provide access to established automotive and transportation markets.
- 3
Integrated operating model. Procurement, storage, transportation and retail dispensing are managed as part of a single business operation.
- 4
Alternative-fuel positioning. Auto LPG provides an alternative fuel option for compatible vehicles, giving the company exposure to demand for cleaner and potentially cost-efficient automotive fuels.
Risks
4- 1
Regulatory dependence. Auto LPG storage, transportation and dispensing are subject to extensive safety, environmental and petroleum-related regulations.
- 2
Competition from other fuels. Petrol, diesel, CNG and electric vehicles compete directly or indirectly with Auto LPG in the automotive-fuel market.
- 3
Limited geographic presence. Concentration in three states exposes the company to regional demand conditions and local regulatory changes.
- 4
Fuel-price and supply risk. Changes in LPG procurement costs and availability can affect retail margins and profitability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.8 |
| Non-Institutional Investors (NIIs) | 0.55 |
| Retail Individual Investors (RIIs) | 0.64 |
| Employee | N/A |
| Total | 0.62 |