Axiom Gas Engineering came to market through an SME IPO that opened on 18 September 2026 and closed on 22 September 2026, and the shares listed on 25 September 2026 on NSE SME. The price band was ₹51 to ₹54 per share and one lot was 2000 shares, so the minimum application was ₹1,08,000. The issue size was ₹50.75 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹54.75, a gain of 1.4% against the issue price of ₹54. Kfin Technologies Ltd was the registrar to the issue, and SKI Capital Services Ltd was the lead manager.
As of 22 September 2026.
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Overall the issue was subscribed 1.45 times.
Incorporated in the year 2007, Axiom Gas Engineering Ltd is an organisation which deals with green energy engineering solutions. Axiom Gas Engineering Ltd provides solutions relating to Auto LPG, CNG and LNG in the retail and industrial sectors, providing solutions that are quality-driven, innovative and environment-friendly. The company has set up 20+ Auto LPG Dispensing Stations (ALDS) with the brand name 'PRIMEFUEL; in many states in India, such as Telangana, Karnataka and Maharashtra. The company provides the following services:
Gas and Pipe Engineering: The company designs and implements effective gas systems for different industrial and commercial uses. Turnkey Services: Turnkey services for LPG/CNG retail, bottling and bulk installation projects from start to finish. Statutory Testing & Certification: Testing & Certification for Hydrocarbon Equipment. Technical Consultancy: Technical consultancy for Hydrocarbon Equipment Design and Optimization. Maintenance Operation and Training: Maintenance and training services for gas systems. Manufacturing of Pressure Vessels through third party cooperation. Industrial and Commercial LPG solutions.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani, Asma Mohamad Sadique Banani. Promoter holding 98.28% before the issue and 72.15% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Axiom Gas Engineering IPO was a ₹50.75 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹51–₹54 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,16,000). The IPO was open from September 18 to September 22, 2026 and was subscribed 1.45x. Shares listed on NSE SME on September 25, 2026 at ₹54.75, a 1.4% premium to the issue price of ₹54. Kfin Technologies Ltd. is the registrar.
SKI Capital Services Ltd. is the book running lead manager.
The price band of Axiom Gas Engineering IPO is ₹51 to ₹54 per share.
The lot size of Axiom Gas Engineering IPO is 2000 shares.
The minimum investment for Axiom Gas Engineering IPO is approximately ₹2,16,000 based on the upper price band.
The allotment date of Axiom Gas Engineering IPO is Sep 23, 2026.
You can check Axiom Gas Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Axiom Gas Engineering IPO allotment status on Rupix for quick and easy access.
₹51 to ₹54 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,08,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 18 September 2026 and closed on 22 September 2026.
The basis of allotment was published on 23 September 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 25 September 2026 on NSE SME, opening at ₹54.75.
The issue size was ₹50.75 crore. The fresh issue was 93,98,000 shares (aggregating up to ₹50.75 crore).
It listed at ₹54.75 against an issue price of ₹54, a gain of 1.4 percent on listing day.