Issue Price
₹53
Per Share
GMP
+₹5
+9.43% Grey Market
Est. Listing
₹58
Expected Price
Min. Application
₹212,000
2 lots × 2000 shares
Incorporated in 2007, Axiom Gas Engineering Ltd. specialises in green energy engineering solutions. The company offers Auto LPG, CNG, and LNG solutions, catering to retail and industrial sectors with a commitment to quality, innovation, and environmental sustainability. The company operates 20+ Auto LPG Dispensing Stations (ALDS) under the name, "PRIMEFUEL" across multiple states in India including Telangana, Karnataka, and Maharashtra.The company offers the following services:-Gas and Pipe Engineering: Designs, implements, and maintains efficient gas systems for various industrial and commercial needs.Turnkey Services:Provides turnkey services for LPG/CNG retail, bottling, and bulk installations from concept to completion.Statutory Testing and Certification: Testing and Certification for hydrocarbon equipment, ensuring compliance with safety standards.Technical Consultancy: Provide expert guidance on hydrocarbon equipment design and optimization.Maintenance Operation and Training: Provides maintenance and training programs to enhance gas system longevity and performance.Manufacturing Pressure Vessels Through Third-Party Collaboration.Specializing in Industrial and Commercial LPG solutions.Competitive Strength: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.Commitment to Delivering Sustainable Projects with Excellence in Health Safety and Environment.Rapid Deployment Capabilities to Minimize Turnaround Times.Cost-Effective Establishment of New Auto LPG Dispensing Stations (ALDS).
Axiom Gas Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1,852,000 | — | ₹9.82 Cr | 1.04x |
| NII / HNI | 2,496,000 | — | ₹13.23 Cr | 0.70x |
| Retail (RII) | 4,572,000 | — | ₹24.23 Cr | 2.38x |
| Market Maker | 478,000 | — | ₹2.53 Cr | — |
| TOTAL | 8,920,000 | 100.00% | ₹47.28 Cr | 1.44x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹106,000 |
| Retail (Max) | 13 | 26,000 | ₹1,378,000 |
| sNII (Min) | 14 | 28,000 | ₹1,484,000 |
| bNII (Min) | 68 | 136,000 | ₹7,208,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 100.78 | 89.85 | 74.54 |
| EBITDA | 15.48 | 13.29 | 10.01 |
| Profit After Tax (PAT) | 9.45 | 7.75 | 5.74 |
| Net Worth | 33.28 | 23.83 | 13.85 |
| Total Assets | 69.38 | 60.83 | 52.37 |
| Reserves & Surplus | 20.31 | 10.86 | 13.60 |
| Total Borrowings | 16.06 | 16.30 | 20.12 |