Axiom Gas Engineering IPO Day 1: Subscription Opens Today, 18 September 2026

Axiom Gas Engineering Limited, based in Vadodara, Gujarat, has opened its IPO for subscription today, 18 September 2026. The Axiom Gas Engineering IPO is a book built SME issue worth about Rs 49.81 crore, comprising entirely a fresh issue of up to 93.98 lakh shares, with no offer for sale component, and will remain open for bidding until 22 September 2026, a five day window spanning the coming weekend. The equity shares are proposed to be listed on the NSE SME platform.

The company distributes and retails Auto LPG through a network of Auto LPG Dispensing Stations that it owns and operates, and has also developed storage and allied infrastructure to support supply and distribution. Its customer base is largely made up of auto-rickshaws, taxis and small commercial vehicles with predictable daily fuel requirements, though the company depends on a small number of suppliers, with three suppliers accounting for more than 95 percent of its LPG purchases as of March 2026. The fresh issue proceeds of the Axiom Gas Engineering IPO are earmarked mainly for setting up new Auto LPG Dispensing Stations and working capital requirements.

Click Here – Get Free Investment Predictions

Axiom Gas Engineering IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

Open Date	18 September 2026
Close Date	22 September 2026
Face Value	Rs 5 per share
Price Band	Rs 50 to Rs 53 per share
Lot Size	2,000 shares (minimum bid 4,000 shares)
Issue Size	Rs 49.81 crore (entirely fresh issue)
Issue Type	Book Built Issue, SME
Listing At	NSE SME
Allotment Date	23 September 2026
Listing Date	25 September 2026

Axiom Gas Engineering IPO Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 2,12,000 (2 lots, 4,000 shares)
Minimum HNI investment	Rs 3,18,000 (3 lots, 6,000 shares)
Registrar	KFin Technologies Ltd
Lead Manager	SKI Capital Services Ltd

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

Axiom Gas Engineering IPO Share Reservation

Of the net offer in the issue, qualified institutional buyers are allocated about 20 percent, non-institutional investors about 40 percent, and retail individual investors about 40 percent, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 4,000 shares.

Axiom Gas Engineering IPO Subscription Status Day 1

Bidding for the issue has opened today, 18 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.

Investor Category	Subscription Status, Day 1 (18 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Axiom Gas Engineering IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 50 to Rs 53 band, with a minimum bid of 4,000 shares.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 22 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

About Axiom Gas Engineering Limited

Axiom Gas Engineering Limited, based in Vadodara, Gujarat, distributes and retails Auto Liquefied Petroleum Gas through a network of owned and operated Auto LPG Dispensing Stations, supported by storage and allied infrastructure. The company is promoted by Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani and Asma Mohamad Sadique Banani, and reported revenue of Rs 100.78 crore in FY26, up from Rs 89.85 crore in FY25, ahead of the issue.

Conclusion

The issue has opened for bidding today, 18 September 2026, backed by an established Auto LPG retail and distribution network. Investors considering the issue should study the company's supplier concentration and SME liquidity risks alongside the financials in the RHP on nseindia.com, and apply only after independent due diligence.

FAQs

What is the Axiom Gas Engineering IPO subscription status on Day 1?

Ans. The issue opened for bidding today, 18 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE as the day progresses.

When does the Axiom Gas Engineering IPO open and close?

Ans. The issue opened for subscription today, 18 September 2026, and will close on 22 September 2026, a five day window that spans the coming weekend.

What is the Axiom Gas Engineering IPO price band and lot size?

Ans. The issue price band is Rs 50 to Rs 53 per share, with a lot size of 2,000 shares. Retail investors must apply for a minimum of 2 lots, or 4,000 shares, taking the minimum investment to about Rs 2,12,000 at the upper price band.

What is the issue size and structure of the Axiom Gas Engineering IPO?

Ans. The issue is entirely a fresh issue worth about Rs 49.81 crore, comprising up to 93.98 lakh equity shares, with no offer for sale component.

How are shares reserved across investor categories in the Axiom Gas Engineering IPO?

Ans. Of the net offer in the issue, qualified institutional buyers are allocated about 20 percent, non-institutional investors about 40 percent, and retail individual investors about 40 percent.

What is the Axiom Gas Engineering IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.

How do I apply for the Axiom Gas Engineering IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity with a minimum of 4,000 shares and your price within the Rs 50 to Rs 53 band, then approve the UPI mandate before the daily cut off.

When will the Axiom Gas Engineering IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 23 September 2026, and the shares are tentatively scheduled to list on the NSE SME platform on 25 September 2026.

What does Axiom Gas Engineering Limited do?

Ans. Axiom Gas Engineering Limited distributes and retails Auto Liquefied Petroleum Gas through a network of Auto LPG Dispensing Stations, serving auto-rickshaws, taxis and small commercial vehicles with predictable daily fuel requirements.

Who are the registrar and lead manager for the Axiom Gas Engineering IPO?

Ans. KFin Technologies Ltd is the registrar for the issue, and SKI Capital Services Ltd is the book running lead manager for the issue.