Axiom Gas Engineering IPO Listing: Shares Open Higher, Settle Flat

Axiom Gas Engineering IPO Listing Today: The IPO closed subscription at 1.39 times overall on 22 September 2026. Retail and individual investors bid 1.86 times their quota, QIBs 1.10 times, and NIIs 0.98 times. Here is a recap of the offer itself, the terms of the Axiom Gas Engineering IPO listing, and how the stock actually traded once it opened.

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Axiom Gas Engineering IPO Listing: Issue Details

Axiom Gas Engineering Limited raised Rs 50.75 crore, entirely through a fresh issue of 93,98,800 shares, of which 89,20,800 shares were offered to the public and 4,78,000 shares were reserved for the market maker. The issue listed on the NSE SME platform, with a tentative listing date of 25 September 2026. Bidding ran from 18 September 2026 to 22 September 2026, at a face value of Rs 5 per share and a price band of Rs 51 to Rs 54 per share.

Particular	Detail
Allotment Date	23 September 2026
IPO Open Date	18 September 2026
IPO Close Date	22 September 2026
Issue Size	Rs 50.75 crore (93,98,800 shares)
Face Value	Rs 5 per share
Lot Size	2,000 shares
Issue Price	Rs 54 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	25 September 2026

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Axiom Gas Engineering IPO Listing Price and Performance

Shares of the Axiom Gas Engineering IPO listing opened at around Rs 56 on the NSE SME platform, a premium of about 3.7 percent over the Rs 54 issue price. That early gain did not hold, though, and the stock eased back through the morning to trade flat at Rs 54, right at the issue price. It was a fairly typical outcome for a modestly subscribed SME issue, with the early pop fading once the opening trades were absorbed.

About the Axiom Gas Engineering IPO

Axiom Gas Engineering Limited, operating since 2007, is an Auto LPG distribution and retailing company that procures, stores and transports LPG and sells it through a network of more than 20 Auto LPG Dispensing Stations under the PRIMEFUEL brand, with operations concentrated in Telangana, Karnataka and Maharashtra. Promoters of the company are Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani and Asma Mohamad Sadique Banani. SKI Capital Services is the book running lead manager, Kfin Technologies is the registrar, and Sunflower Broking is the market maker for the issue. Investors who tracked the Axiom Gas Engineering IPO listing today can use this background to judge the business behind today's debut.

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Axiom Gas Engineering Limited Financials

Here is how Axiom Gas Engineering Limited has performed financially over the last three fiscal years, useful context for anyone evaluating the Axiom Gas Engineering IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Revenue	100.78	89.85	74.54
Profit After Tax	9.45	7.75	5.74

Explanation
Revenue grew 12.2 percent in FY26 to Rs 100.78 crore, and has climbed at a two year CAGR of around 16.3 percent since FY24. Profit after tax rose 22 percent in FY26 to Rs 9.45 crore, with the PAT margin improving to 9.38 percent from 7.70 percent in FY24. The business is heavily dependent on a small set of LPG suppliers, with the top three accounting for almost all of its purchases, which is worth keeping in mind alongside the otherwise steady growth.

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

FAQs

What was the Axiom Gas Engineering IPO listing price?

Ans. The Axiom Gas Engineering IPO listing opened at around Rs 56 on the NSE SME platform, a premium of about 3.7 percent over the Rs 54 issue price, before easing back to trade flat at Rs 54.

Was the Axiom Gas Engineering IPO listing a premium or a discount?

Ans. The Axiom Gas Engineering IPO listing opened at a small premium that quickly faded, leaving the stock trading flat at the issue price soon after debut.

How much was the Axiom Gas Engineering IPO subscribed?

Ans. The IPO was subscribed 1.39 times overall, with retail and individual investors at 1.86 times, QIBs at 1.10 times, and NIIs at 0.98 times their respective quotas.

What is the issue price of the Axiom Gas Engineering IPO?

Ans. The issue price was fixed at Rs 54 per share, the top of the Rs 51 to Rs 54 price band.

What is the lot size of the Axiom Gas Engineering IPO?

Ans. The lot size was 2,000 shares, and individual investors needed a minimum of two lots, or 4,000 shares, costing about Rs 2,16,000 at the upper price band.

Who is the registrar for the Axiom Gas Engineering IPO?

Ans. Kfin Technologies Limited is the registrar.

What does Axiom Gas Engineering do?

Ans. Axiom Gas Engineering distributes and retails Auto LPG through more than 20 dispensing stations under the PRIMEFUEL brand across Telangana, Karnataka and Maharashtra.

Where can I track the Axiom Gas Engineering share price now?

Ans. You can track it on the NSE SME platform, or through the Univest platform.

Should I hold shares after the Axiom Gas Engineering IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the heavy supplier concentration risk against the steady FY24-26 revenue and profit growth before deciding whether to hold or sell after the Axiom Gas Engineering IPO listing.