Axiom Gas Engineering IPO Day 3: Subscription Closes Today, 22 September 2026

Axiom Gas Engineering IPO closes today, 22 Sep 2026. Subscribed 0.85x through Day 2 (5:25 PM): Retail 1.03x, QIB 0.80x, NII 0.68x. Price band Rs 50-53.

Updated: 22 Sept 2026 • 9:06 am

Posted by:

Quick Answer

The Axiom Gas Engineering IPO is on its final day of bidding on 22 September 2026, with the subscription window closing today. The issue has built steadily through its bidding window, from 0.61 times at the Day 1 close to around 0.85 times by the close of Day 2, with retail crossing full subscription at 1.03 times, QIB at 0.80 times, and NII at 0.68 times. With bidding open until the end of today's session, the final Axiom Gas Engineering IPO subscription figure could move higher still before the deadline.

Axiom Gas Engineering Limited, an Auto LPG distribution and retailing company, has reached the final day of its IPO subscription window today, 22 September 2026. The Axiom Gas Engineering IPO opened on 18 September and is a fixed price SME issue at Rs 50 to Rs 53 per share, entirely a fresh issue worth about Rs 49.81 crore, with the shares proposed to list on the NSE SME platform.

Demand for the issue has built steadily through the bidding window. The issue closed Day 1 subscribed 0.61 times overall, with QIB unusually leading at 0.80 times, and by the close of Day 2 the overall book had climbed to around 0.85 times, with retail crossing the full subscription mark at 1.03 times. QIB held steady at 0.80 times while NII improved to 0.68 times, and today's closing session will determine whether the issue crosses full subscription overall.

Click Here – Get Free Investment Predictions

Table of Contents

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 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2.

Session	Overall	Retail	QIB	NII
Day 1 close (18 Sep, 5:30 PM)	0.61x	0.63x	0.80x	Around 0.54x
Day 2 close (21 Sep, 5:25 PM)	0.85x	1.03x	0.80x	0.68x
Day 3, closing day so far (22 Sep)	Updating through the session

Retail investors have crossed full subscription in the issue through Day 2, while QIB and NII continue to build toward that mark. With bidding open until the end of today's session, the final subscription numbers for the issue should be confirmed on the NSE website once the window shuts.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Axiom Gas Engineering IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
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.
Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closes today having built to around 0.85 times overall through Day 2, with retail past full subscription while QIB and NII continue to build. 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 before the window shuts today.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

What is the Axiom Gas Engineering IPO subscription status on Day 3?

Ans. On the closing day, 22 September 2026, the issue carries forward a Day 2 close of around 0.85 times overall, with retail at 1.03 times, QIB at 0.80 times, and NII at 0.68 times, and figures are updating through today's final session.

When does the Axiom Gas Engineering IPO close?

Ans. The issue closes for subscription today, 22 September 2026, having opened on 18 September 2026.

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 investment to about Rs 2,12,000 for two lots.

Is the Axiom Gas Engineering IPO fully subscribed?

Ans. The retail portion of the issue crossed full subscription through Day 2 at 1.03 times, while QIB and NII remained just below full book at 0.80 times and 0.68 times respectively, with the overall figure to be confirmed once bidding closes today.

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 before it closes?

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 today's 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.

Which category led the Axiom Gas Engineering IPO subscription?

Ans. Retail investors led the issue through Day 2, crossing full subscription at 1.03 times, while QIB held steady at 0.80 times and NII improved to 0.68 times.

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 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 across Telangana, Karnataka and Maharashtra, serving auto-rickshaws, taxis and small commercial vehicles.