| Price | 51 to 54 |
|---|---|
| GMP Rumors | ₹0 |
| Lot size | 2000 |
| Issue size | ₹50.75 Cr |
| Allotment | 23-09-2026 |
| Refund | 24-09-2026 |
| Listing | 25-09-2026 |
| Stars |
★☆☆☆☆ |
| Allotment Status | Kfintech |
| Video |  |
NSE List Price : ₹
| Category | Times |
|---|---|
| QIBs | 0.8x |
| HNIs | 0.55x |
| Retail | 0.65x |
| Total : 0.62x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹212,000 |
| Retail Maximum | 2 | 4,000 | ₹212,000 |
| S-HNI Minimum | 3 | 6,000 | ₹318,000 |
| S-HNI Maximum | 9 | 18,000 | ₹954,000 |
| B-HNI Minimum | 10 | 20,000 | ₹1,060,000 |
Axiom Gas Engineering Limited is engaged in the distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG). The company operates Auto LPG Dispensing Stations along with storage and allied infrastructure. Its operations are spread across Telangana, Karnataka and Maharashtra. The company procures Auto LPG from suppliers, stores and transports it, and sells it to end consumers through its dispensing stations.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹74.54 | ₹66.85 | ₹5.74 | ₹52.37 |
| 2025 | ₹89.85 | ₹79.49 | ₹7.75 | ₹60.83 |
| 2026 | ₹100.78 | ₹88.13 | ₹9.45 | ₹69.38 |
Alpeshkumar Naginbhai Patel
Kinnari Alpeshkumar Patel
Sadique Abdul Kadar Banani
Asma Mohamad Sadique Banani
Owned Auto LPG Dispensing Station Network: The company operates its own Auto LPG Dispensing Stations along with associated storage infrastructure, providing control over its retail distribution network.
Multi-State Presence: The company has operations across Telangana, Karnataka and Maharashtra, providing a presence across multiple regional markets.
Integrated Business Operations: The company manages key stages from procurement and storage to transportation and retail sale of Auto LPG, providing operational control across its business value chain.
Established Regulatory and Safety Processes: The company operates its Auto LPG infrastructure in accordance with applicable regulatory and safety requirements relating to LPG storage and dispensing.
Established Operating Track Record: The company was incorporated in 2007 and has been operating in the Auto LPG distribution and retailing business for several years.
Improving Financial Performance: Total income increased from ?74.54 crore in FY24 to ?89.85 crore in FY25 and ?100.78 crore in FY26, while PAT increased from ?5.74 crore to ?7.75 crore and ?9.45 crore during the same period.
High Supplier Concentration: The company depends on a limited number of suppliers for LPG. As of March 31, 2026, approximately 99.75% of its LPG procurement by value came from three key suppliers. Any disruption in supply from these suppliers could adversely affect operations.
Dependence on Related-party Transportation: A significant portion of LPG transportation is handled by Prime Fuel Logistics Private Limited, a group company. Any disruption in this transportation arrangement could affect the company's ability to transport LPG to its dispensing stations.
Hazards Associated with LPG Transportation: Transportation of LPG involves inherent risks, including accidents and other incidents that could adversely affect operations, financial performance and cash flows.
Fire and Explosion Risk: LPG is highly flammable and requires strict compliance with safety standards. Any accident, fire, explosion or other safety incident could adversely affect the company's business and reputation.
Geographic Concentration: The company's operations are concentrated in Telangana, Karnataka and Maharashtra. Adverse regulatory, economic or competitive developments in these markets could affect its business.
Dependence on Auto LPG Demand: The company's core business is dependent on demand for Auto LPG from transport-sector users. Changes in fuel preferences, competition from other automotive fuels and changes in consumer behaviour could affect demand.
Regulatory Dependence: The company's operations are subject to various laws and regulations relating to LPG storage, transportation and dispensing. Changes in applicable regulations or failure to comply with regulatory requirements could affect operations.
Capital Expenditure: 27.60 crore
Prepayment or Repayment of Outstanding Borrowings: 9.12 crore
Axiom Gas Engineering Ltd.
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/
Kfin Technologies Ltd.
Phone: 040-79615565
Email: agel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/