Axiom Gas Engineering IPO Day 2: Subscription Status on 21 September 2026

The issue has entered Day 2 of its bidding window, which opened on 18 September and closes on 22 September 2026. Axiom Gas Engineering Limited, an Auto LPG distribution and retailing company, is raising about Rs 49.81 crore entirely through a fresh issue, and the shares are proposed to list on the NSE SME platform.

Day 1 bidding for the issue closed with the issue subscribed 0.61 times overall, an early and somewhat unusual pattern where QIB demand led ahead of retail and NII. With one more session remaining before the 22 September close, there is time for demand across all categories to build further, especially retail and NII, which have room to grow.

Click Here – Get Free Investment Predictions

Axiom Gas Engineering IPO Details

The table below sets out the key parameters of the issue.

Open Date	18 September 2026
Close Date	22 September 2026
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 Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (18 Sep, 5:30 PM)	Overall Subscription So Far (Day 2, 21 Sep)
Qualified Institutional Buyers (QIB)	0.80 times	Updating
Non-Institutional Investors (NII)	Around 0.54 times	Updating
Retail Individual Investors	0.63 times	Updating
Overall	0.61 times	Updating through the session

Qualified institutional buyers led the issue through Day 1, an uncommon pattern for an SME issue this early, while retail and NII bids have room to build over the remaining session. Investors should treat the Day 2 figures as provisional since bidding remains open until the 22 September close.

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 so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 22 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 22 September close.

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.

Conclusion

The issue has had a moderate start, closing Day 1 at 0.61 times overall with QIBs unusually in the lead, and one more session remains before the 22 September close for retail and NII bids to catch up. Investors considering the issue should review the company financials and SME liquidity risks 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 2?

Ans. The issue closed Day 1 subscribed 0.61 times overall, with QIB leading at 0.80 times, retail at 0.63 times, and NII around 0.54 times, and figures for Day 2, 21 September 2026, are updating through today's session on NSE.

When does the Axiom Gas Engineering IPO close?

Ans. The issue closes for subscription on 22 September 2026, having opened on 18 September 2026, a five day window spanning the 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, taking the minimum retail investment to about Rs 2,12,000 for two lots.

Which category led the Axiom Gas Engineering IPO on Day 1?

Ans. Qualified institutional buyers led the issue on Day 1, subscribing their reserved portion 0.80 times, ahead of retail at 0.63 times and NII at around 0.54 times, an uncommon pattern for an SME issue on the opening day.

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.

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, entering your bid with a minimum of 4,000 shares within the Rs 50 to Rs 53 band and approving 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, with listing on the NSE SME platform tentatively scheduled for 25 September 2026.

What is the reservation split 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 issue 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.

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.