IPO profile
Axiom Gas Engineering Limited
AXIOMGAS · NSE
- Price band
- ₹51
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 2000 shares
- Minimum Application
- ₹1,02,000
- Issue Size
- Rs. 50 Cr
- Face Value
- Not available
- Issue Price
- ₹51
Company Overview
Axiom Gas Engineering Limited is engaged in the business of distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG). The company carries out its operations through a network of company-owned and company-operated Auto LPG Dispensing Stations, alongside developed storage and allied infrastructure facilities. Operating in Telangana, Karnataka, and Maharashtra, its core business caters to the transport sector by marketing Auto LPG as an alternative automotive fuel for compatible vehicles. The business model relies on procuring Auto LPG from suppliers, storing and transporting it to dispensing stations, and generating revenue through retail sales via metered nozzles. The company operates as a single business segment, integrating activities from procurement to retail distribution while adhering to applicable safety and regulatory requirements.
Important Dates
- Open Date
- 18 Sept 2026
- Close Date
- 22 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 25 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 25 Sept 2026
- Actual Listing Price
- ₹54.75
- Gain/Loss Per Share
- +₹3.75
- Gain/Loss Per Lot
- +₹7,500
- Listing Gain/Loss %
- +7.35%
- Measured Against
- ₹51
- Lot Size
- 2000 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Owned an Auto LPG dispensing station network with storage infrastructure.
- Multi-state presence across Telangana, Karnataka, and Maharashtra.
- Integrated operations controlling procurement through to retail distribution.
- Established regulatory compliance with PESO permissions and safety rules.
- Focused on expanding station network density to drive retail growth.
Key risks
- High supplier concentration with 99.75% of LPG sourced from the top 3 suppliers.
- Heavy reliance on the group entity Prime Fuel Logistics for LPG transport.
- Inherent hazards, fire, and explosion risks associated with handling LPG.
- Revenue concentration in Telangana, Maharashtra, and Karnataka markets.
- High fixed costs in storage infrastructure affect margins during demand drops.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.