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Axiom Gas Engineering Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the NSE SME. Corpwis Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Axiom Gas Engineering IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Fresh Issue | 93,00,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 10,00,000 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,59,46,000 shares |
| Share Holding Post Issue | 3,52,46,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Dec 19, 2024 |
| SEBI/Exchange approval received | Thu, May 8, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 2007, Axiom Gas Engineering Limited 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.
As of June 30, 2024, the company operated 18 Auto LPG Dispensing Stations in Telangana, Maharashtra, and Karnataka.
Operating under the brand name "PrimeFuel," AGEL manages Auto LPG Dispensing Stations across multiple states in India. The company has demonstrated strong financial growth, with increasing revenues and profits.
The company offers the following services:-
As of December 2024, the company has 21 permanent employees.
Competitive Strength:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 54.74 | 52.37 | 29.1 | 26.29 |
| Total Income | 21.23 | 74.54 | 58.02 | 47.56 |
| Profit After Tax | 2.24 | 5.74 | 1.86 | 1.58 |
| Net Worth | 16.09 | 13.85 | 8.11 | 6.25 |
| Reserves and Surplus | 15.84 | 13.6 | 7.86 | 6 |
| Total Borrowing | 18.91 | 20.12 | 8.4 | 7.8 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 41.45% |
| ROCE | 27.01% |
| Debt/Equity | 1.45 |
| RoNW | 41.45% |
| PAT Margin | 7.70% |
The Company Axiom Gas Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital expenditures | 270 |
| 2 | Repayment of Borrowings | |
| 3 | General Corporate Purposes |
Axiom Gas Engineering Ltd.
522 To 527, SWC Hub, 5th Floor Opp Rajpath Complex
Near Essar Petrol Pump
Bhaily
Vadodara, Gujarat, 391410
Phone: +914045065015
Email: compliance@axiomgas.com
Website: https://www.axiomgas.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Axiom Gas Engineering IPO is a SME IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Axiom Gas Engineering IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Axiom Gas Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Axiom Gas Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Axiom Gas Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Axiom Gas Engineering IPO dates are not announced. Please check back again after some time.
Axiom Gas Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Axiom Gas Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Axiom Gas Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Axiom Gas Engineering IPO allotment status.
The Axiom Gas Engineering IPO listing date is not yet announced. The tentative date of Axiom Gas Engineering IPO listing is [.].
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