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.
Axiom Gas Engineering IPO – Details
| IPO Opening Date | 18 September 2026 |
| IPO Closing Date | 22 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 93,98,000 Shares Worth ₹49.81 Crore Fresh Issue: 93,98,000 Shares Worth ₹49.81 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹50 – ₹53 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 20% |
| NII Shares Offered | 40% |
| Retail Shares Offered | 40% |
Axiom Gas Engineering IPO – Date Schedule
| IPO Open Date | 18 September 2026 |
| IPO Close Date | 22 September 2026 |
| Basis of Allotment | 23 September 2026 |
| Initiation of Refund | 24 September 2026 |
| Credit of Shares to Demat | 24 September 2026 |
| IPO Listing Date | 25 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2026 |
Axiom Gas Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,12,000 |
| Retail (Max) | 2 | 4000 | ₹2,12,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,18,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,54,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,60,000 |
Competitive Strength
- Expertise in Executing Projects in Challenging Geographical Locations.
- Cost Optimization Strategies Without Compromising Safety Standards.
- Innovation in Developing and Implementing Cost-Effective Technical Solutions.
- Leveraging Global Engineering Resources to Deliver Superior Value.
- Commitment to Delivering Sustainable Projects with Excellence in Health Safety and Environment.
- Rapid Deployment Capabilities to Minimize Turnaround Times.
- Cost-Effective Establishment of New Auto LPG Dispensing Stations (ALDS).
Company Promoters
- Alpeshkumar Naginbhai Patel
- Kinnari Alpeshkumar Patel
- Sadique Abdul Kadar Banani
- Asma Mohamad Sadique Banani
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹74.54 Cr | ₹66.85 Cr | ₹5.74 Cr | ₹20.12 Cr |
| 31 March 2025 | ₹89.85 Cr | ₹79.49 Cr | ₹7.75 Cr | ₹16.30 Cr |
| 31 March 2026 | ₹100.78 Cr | ₹88.13 Cr | ₹9.45 Cr | ₹16.06 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 28.40% |
| ROCE | 28.90% |
| Debt/Equity | 0.48 |
| RoNW | 28.40% |
| PAT Margin | 9.38% |
| EBITDA Margin | 15.36% |
| NAV | 12.83 |
| Price to Book Value | 4.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.64 | 2.67 |
| P/E (x) | 14.56 | 19.85 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditures. | ₹27.60 |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. | ₹9.12 |
| General Corporate Purposes. |
✅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.
Axiom Gas Engineering IPO Promoter Holding
| Pre-Issue Share Holding | 98.28% |
| Post Issue Share Holding | 72.15% |
Axiom Gas Engineering IPO Prospectus
Company Contact Information
| Axiom Gas Engineering Limited 522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex Near Essar Petrol Pump, Bhaily, Vadodara, Gujarat, 391410 Phone: +914045065015 Email: compliance@axiomgas.com Website: https://www.axiomgas.com/ |
Axiom Gas Engineering IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: agel.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Axiom Gas Engineering IPO Lead Manager(s)
| 1. SKI Capital Services Ltd. |
Axiom Gas Engineering IPO FAQ
| What is the Axiom Gas Engineering IPO? Axiom Gas Engineering IPO is an SME IPO. The issue is priced at ₹50 – ₹53 per equity share. The IPO is to be listed on NSE SME. |
| When will Axiom Gas Engineering IPO open? The IPO is to open on 18 September 2026 for QIB, NII and Retail Investors. |
| What is Axiom Gas Engineering IPO Investors’ Portion? The Investors portion for QIB – 20%, NII – 40%, and Retail – 40%. |
| What is the Axiom Gas Engineering IPO Size? Axiom Gas Engineering IPO size is ₹49.81 Crore. |
| What are the Axiom Gas Engineering IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,12,000, while the maximum bid is 4000 Shares for ₹2,12,000. |
| What is the Axiom Gas Engineering IPO Allotment Date? Axiom Gas Engineering IPO allotment date is 23 September 2026. |
| What is the Axiom Gas Engineering IPO Listing Date? Axiom Gas Engineering IPO listing date is 25 September 2026. The IPO is to be listed on the NSE SME. |
