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Axiom Gas Engineering IPOLISTED
Axiom Gas Engineering Ltd. distributes Auto LPG through its PRIMEFUEL and PRIMEGAS-branded dispensing stations across Telangana, Karnataka and Maharashtra.
Listing price
₹54.75
+1.39%
Current price
—
Not available
Issue price
₹54
Upper band
Listed on
25 Sept 26
AXIOMGAS
- Open18 Sept
- Close22 Sept
- Allotment23 Sept
- Refund24 Sept
- Demat24 Sept
- Listing25 Sept
Listed at
₹54.75
+1.39% on 25 Sept 26
Overview
Price band
₹51-54
Lot size
2,000 shares
Minimum application 2 lots
Face value
₹5 / share
Issue type
Book Built Issue
Min. investment
₹2,16,000
2 lots · 4,000 shares
Listing at
NSE
Issue Size : 93,98,000 shares worth ₹49.81 Cr
- Fresh Issue : 93,98,000 shares worth ₹49.81 Cr
IPO Share Reservation
Total
94.92%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,16,000 |
| Retail (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Listing performance
Listing gain
+1.39%
Gain per retail lot
₹3,000
Latest vs issue
—
GMP was
—
Latest price shows here when a live quote is available (NSE main-board stocks).
Subscription
- QIB1.10xQIB1.10xQualified Institutional BuyersShares offered 7,14,000Shares applied 7,82,000Bid amount ₹4.22 Cr
- NII (HNI)1.12xNII (HNI)1.12xNon-Institutional InvestorsShares offered 35,68,000Shares applied 39,86,000Bid amount ₹21.52 Cr
- S-HNI0.92xS-HNI0.92xSmall HNI · ₹2L – ₹10LShares offered 11,89,000Shares applied 10,90,000Bid amount ₹5.89 Cr
- B-HNI1.22xB-HNI1.22xBig HNI · above ₹10LShares offered 23,79,000Shares applied 28,96,000Bid amount ₹15.64 Cr
- Retail1.86xRetail1.86xRetail Individual InvestorsShares offered 35,68,000Shares applied 66,24,000Bid amount ₹35.77 Cr
- Total1.45xTotal1.45xAll categories combinedShares offered 78,50,000Shares applied 1,14,00,000Bid amount ₹61.52 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 74.54 | 66.85 | 5.74 | 52.37 | 20.12 |
| Mar 2025 | 89.85 | 79.49 | 7.75 | 60.83 | 16.3 |
| Mar 2026 | 100.78 | 88.13 | 9.45 | 69.38 | 16.06 |
KPI & Valuation
Key performance indicators
- ROE
- 28.4%
- PAT Margin
- 9.38%
- ROCE
- 28.9%
- EBITDA Margin
- 15.36%
- Debt to Equity Ratio
- 0.48
- Price to Book Value
- 4.13
- RoNW
- 28.4%
As of 31 Mar 2026
Valuation
- EPS Pre IPO
- ₹3.64
- EPS Post IPO
- ₹2.67
- P/E Pre IPO
- 14.84
- P/E Post IPO
- 20.22
Strengths & risks
Strengths
- Integrated Auto LPG Business from procurement to retail sale.
- Multi-State Network across Telangana, Karnataka and Maharashtra.
- Strong Compliance Framework for handling and dispensing Auto LPG.
Risks
- Dependence on Auto LPG limits revenue diversification.
- Alternative Fuel Competition from CNG, EVs and other fuels.
- Price and Regulatory Risks may impact costs and profitability.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditures. | 27.6 |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. | 9.12 |
| General Corporate Purposes. | - |
Promoter Holdings
Company Promoter(s)
- Alpeshkumar Naginbhai Patel
- Kinnari Alpeshkumar Patel
- Sadique Abdul Kadar Banani
- Asma Mohamad Sadique Banani
Registrar & contacts
Registrar
Kfin Technologies Ltd.
Company
Axiom Gas Engineering Limited
- 522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex Near Essar Petrol Pump, Bhaily, Vadodara, Gujarat, 391410
- +914045065015
- compliance@axiomgas.com
- https://www.axiomgas.com/
Documents
Lead managers
About Axiom Gas Engineering
Axiom Gas Engineering Ltd. is engaged in the distribution and retailing of Auto LPG through its network of Auto LPG Dispensing Stations (ALDS), supported by storage and distribution infrastructure.
The Company’s ALDS network spans Telangana, Karnataka and Maharashtra, serving auto-rickshaws, taxis and small commercial vehicles under the PRIMEFUEL and PRIMEGAS brands.
In addition to Auto LPG retailing, the Company provides consultancy services for the design, development, testing and implementation of LPG, CNG and LNG dispensers, including technical, compliance and training support.
The Company also undertakes Auto LPG statutory tank testing and LPG dispenser calibration, while focusing on expanding its ALDS network and strengthening engineering and compliance capabilities.