AXIOM GAS ENG. IPO OPEN ON SEP 18; PRICEBAND AT ₹50-53
AHMEDABAD, September 12: Axiom Gas Engineering Limited, a Company engaged in the distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG), announced that its initial public offering (IPO) will open for subscription on Friday, September 18, 2026. The anchor investor bidding date is Thursday, September 17, 2026, and the bid/offer will conclude on Tuesday, September 22, 2026. The Company intends to raise ₹49.81 crore at the higher end of the price band from the offering and aims to be listed on the NSE Emerge platform.
The price band for the offer has been fixed at ₹50-53 per share, and the lot size is 4,000 equity shares. SKI Capital Services Limited is the Book Running Lead Manager, and KFIN Technologies Limited is the Registrar to the offer.
The IPO comprises a Fresh Issue of 93,98,000 equity shares with a face value of ₹5 each through book-building route. As many as 17,84,000 equity shares have been reserved for the QIBs, 4,78,000 equity shares earmarked for market maker, 35,68,000 equity shares allocated for the NII portion, and the Retail (RII) portion accounts for 35,68,000 equity shares.
According to Red Herring Prospectus, Axiom Gas Engineering Limited intends to utilize ₹27.60 crore from the proceeds of fresh issue of equity shares for funding its capital expenditure, comprising expansion of the ALDS network, enhancement of LPG storage and bottling plants, technological innovation and automation and energy initiatives, ₹9.12 crore for the prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company, and plans to deploy remaining funds for general corporate purposes and offer expenses.
Axiom Gas Engineering Limited is engaged in the business of distribution and retailing of Auto Liquified Petroleum Gas and carries out operations through a network of Auto LPG Dispensing Stations in Telangana, Karnataka and Maharashtra. In addition to retail outlets, the Company has developed storage and allied infrastructure facilities to support the distribution and supply of Auto LPG.
The Company’s retail operations are structured to cater to the requirements of the transport sector, with auto LPG being marketed as an alternative automotive fuel. The Company’s infrastructure includes storage, handling, and dispensing facilities designed to meet regulatory standards applicable to Auto LPG distribution.
Axiom Gas Engineering Limited was founded by its promoter Mr. Alpeshkumar Naginbhai Patel and he was subsequently joined by Mr. Sadique Abdul Kadar Banani in 2012. The promoters possess 48+ years of cumulative experience in the Oil and Gas industry. The Company recorded ₹100.76 crore revenue from operations with a profit (PAT) of ₹9.45 crore in the financial year 2025-26, compared to ₹89.83 crore revenue from operations and a profit (PAT) of ₹7.74 crore in the fiscal year 2024-25.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો. વધુમાં અત્રે પ્રગટ થયેલા કોઇપણ સમાચાર કે વિગતો સાથે businessgujarat.in અંશતઃ કે સંપુર્સણપણે સહમત નથી.)
