Axiom Gas Engineering IPO - Company Analysis
Axiom Gas Engineering IPO under the SME IPO category is a book build issue of Rs. 49.81 Cr by Axiom Gas Engineering Limited, which focuses on technical solutions for green energy. Committed to quality, innovation, and environmental sustainability, the company provides Auto LPG, CNG, and LNG solutions to the retail and industrial sectors. Under the brand name "PRIMEFUEL," the company runs more than 20 Auto LPG Dispensing Stations (ALDS) in several Indian states.
Services:
- Gas and Pipe Engineering: Creates, installs, and maintains effective gas systems for a range of commercial and industrial applications.
- Turnkey Services: Offers turnkey services from conception to completion for bulk installations, bottling, and retail LPG/CNG.
- Statutory Testing and Certification: Verifying that hydrocarbon equipment complies with safety regulations through testing and certification.
- Technical Consultancy: Offers professional advice on the design and optimization of hydrocarbon equipment.
- Maintenance Operation and Training: Offers training and maintenance programs to improve the longevity and efficiency of gas systems.
Axiom Gas Engineering IPO Details
The Axiom Gas Engineering IPO date of opening is 18 Sep 2026; its initial public offering will end on 22 Sep, IPO allotment on Sep 23 and refund initiation on Sep 24, 2026.
The Rs. 49.81 crore new SME IPO comprises a wholly fresh issue of 93.98 lakh shares.
The Axiom Gas Engineering IPO listing date (expected) might be Friday, Sep 25, 2026, and the listing on the NSE and SME.
The Axiom Gas Engineering IPO price band is Rs. 50 to Rs. 53.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 18, 2026 |
|
IPO Closing Date |
Sep 22, 2026 |
|
IPO Allotment Date |
Sep 23, 2026 |
|
Refund Initiation |
Sep 24, 2026 |
|
IPO Listing Date |
Sep 25, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
69.38 |
60.83 |
52.37 |
|
Total Income |
100.78 |
89.85 |
74.54 |
|
Profit After Tax |
9.45 |
7.75 |
5.74 |
|
EBITDA |
15.48 |
13.29 |
10.01 |
|
Net Worth |
33.28 |
23.83 |
13.85 |
|
Reserves and Surplus |
20.31 |
10.86 |
13.60 |
|
Total Borrowing |
16.06 |
16.30 |
20.12 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,079.51 |
816.77 |
470.58 |
|
Net Cash Flow Investing Activities |
(538.90) |
(518.33) |
(1,276.11) |
|
Net Cash Flow Financing Activities |
(184.94) |
(347.44) |
1,022.74 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Capital Expenditures. ~ Rs. 27.60 Cr.
-
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. ~ Rs. 9.12 Cr.
-
General Corporate Purposes.
Listed Peers of Axiom Gas Engineering Ltd.
|
Name of the Company |
Face Value (₹) |
EPS (₹) Basic |
P/E Ratio |
|
Confidence Petroleum India Limited |
1 |
2.80 |
26.70 |
|
Aegis Logistics Limited |
1 |
25.59 |
52.81 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
28.40% |
|
ROCE |
28.90% |
|
Debt/Equity |
0.48 |
|
RoNW |
28.40% |
|
PAT Margin |
9.38% |
|
EBITDA Margin |
15.36% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 3.64 from the last year, the resulting P/E ratio is 14.56x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
3.64 |
2.67 |
|
P/E (x) |
14.56 |
19.85 |
Explore the Quanto Agroworld IPO.
IPO's Strengths
-
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.
IPO's Weaknesses
-
Concentration in Auto LPG as a single-fuel business limits revenue diversification.
-
State-wise regulatory variations increase compliance workload and costs.
-
Exposure to input price volatility and currency fluctuations through procurement arrangements.
Axiom Gas Engineering IPO GMP
Axiom Gas Engineering IPO GMP today is Rs. 0 as of 14 September 2026, while writing this information.
Axiom Gas Engineering IPO Summary
|
IPO Details |
Details |
|
IPO Opening & Closing Date |
18 Sep, 2026 to 22 Sep, 2026 |
|
Face Value |
Rs. 5 per Share |
|
Issue Price |
Rs. 50 to Rs. 53 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
93,98,000 Shares (Rs. 50 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
89,20,000 Shares (Rs. 47 Cr) |
|
Market Makers |
4,78,000 Shares (Rs. 3 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,12,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,18,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Axiom Gas Engineering IPO Allotment Status
To check the Axiom Gas Engineering IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Axiom Gas Engineering Ltd.
-
Alpeshkumar Naginbhai Patel
-
Kinnari Alpeshkumar Patel
-
Sadique Abdul Kadar Banani
-
Asma Mohamad Sadique Banani
|
Pre-Issue Promoter Shareholding |
98.28% |
|
Post-Issue Promoter Shareholding |
72.15% |
IPO Lead Managers
- SKI Capital Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Axiom Gas Engineering IPO shows strong financial growth, healthy profitability, and promising opportunities in the green energy solutions sector. However, investors should consider regulatory risks, customer concentration, and industry competition before investing.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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