Axiom Gas Engineering Limited
ListedSMEOil, Gas & Consumable Fuels · NSE
Incorporated in 2007, Axiom Gas Engineering Limited is a green energy engineering company providing solutions for Auto LPG, CNG, and LNG applications across retail, industrial, and commercial sectors. The company operates more than 20 Auto LPG Dispensing Stations (ALDS) under the “PRIMEFUEL” brand across states including Telangana, Karnataka, and Maharashtra. Its services include gas and pipeline engineering, turnkey solutions for LPG and CNG retail, bottling and bulk installations, statutory testing and certification of hydrocarbon equipment, technical consultancy, maintenance and training services. The company also manufactures pressure vessels through third-party collaborations and specializes in industrial and commercial LPG solutions. With a focus on quality, safety, innovation, and environmental sustainability, Axiom Gas Engineering provides end-to-end solutions for efficient and reliable gas infrastructure.
Price Band
₹51 – ₹54
Issue Size
₹939.80 L Cr
Lot Size
2000 shares
GMP
—
Est. Listing
₹54
at current GMP
Subscribed
1.45x
overall
Open
18 Sep 2026
Close
22 Sep 2026
Allotment
23 Sep 2026
Refund
24 Sep 2026
Demat Credit
25 Sep 2026
Listing
25 Sep 2026
Last updated 3 days ago
Overall Subscription
1.45x
Total Demand
QIB Multiplier
1.10x
Institutions & Funds
NII / HNI
1.12x
High Net-Worth
Retail (RII)
1.86x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 714,000 | 782,000 | 1.10x |
| NIB | 3,568,000 | 3,986,000 | 1.12x |
| HNIs(10L +) | 2,378,000 | 2,896,000 | 1.22x |
| HNIs (2-10L) | 1,190,000 | 1,090,000 | 0.92x |
| RETAIL | 3,568,000 | 6,624,000 | 1.86x |
| Total | 11,418,000 | 15,378,000 | 1.45x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 5 | 0.00x |
| NIB | — | 138 | 0.00x |
| RETAIL | 892 | 1,656 | 1.86x |
| HNIs(10L +) | 396 | 23 | 0.06x |
| HNIs (2-10L) | 198 | 115 | 0.58x |
| Total Applications | 1,486 | 1,937 | 1.30x |
Day-Wise Subscription Progress
About Axiom Gas Engineering Limited Public Issue & Market Profile
Axiom Gas Engineering Limited is bringing an initial public offering (IPO) in the Oil, Gas & Consumable Fuels sector with an aggregate issue size of ₹93,98,000 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-25, while un-allotted funds or UPI block mandates will be released on 2026-09-24.
Frequently Asked Questions
What is the issue size and price band for Axiom Gas Engineering Limited IPO?
The Axiom Gas Engineering Limited IPO aggregate issue size is ₹93,98,000 Crores with an equity price band set at ₹51 to ₹54 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,08,000.
How can I check Axiom Gas Engineering Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Axiom Gas Engineering Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-09-23.