Axiom Gas Engineering Limited
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The Initial Public Offering of Axiom Gas Engineering Limited's culminated in its successful listing on Sep 25, 2026 at the NSE trading platform. The company secured 93,98,000 Shares through this capital market exercise, with 93,98,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹51 to ₹54, with minimum investment requirements of 2000 shares. The subscription period from Sep 18, 2026 to Sep 22, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 23, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Specialized Gas Engineering Solutions: Provides engineering and infrastructure solutions for the gas industry, supporting applications across gas distribution and related projects.
- Growing Natural Gas Infrastructure: Increasing development of city gas distribution networks, pipelines, and clean-energy infrastructure provides opportunities for business expansion.
- Technical & Project Execution Expertise: Engineering capabilities and industry experience support project design, installation, commissioning, and execution.
- Project Execution Risk: Delays in project completion, approvals, or commissioning may affect revenue, cash flows, and profitability.
- Dependence on Gas Sector: Business performance is closely linked to investments in gas distribution, pipelines, and related energy infrastructure.
- Competitive & Regulatory Risk: Competition from established engineering companies and changes in gas-sector regulations may affect order inflows and margins.
- Alpeshkumar Naginbhai Patel
- Kinnari Alpeshkumar Patel
- Sadique Abdul Kadar Banani
- Asma Mohamad Sadique Banani
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