Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Axiom Gas Engineering Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on to raise funds through Initial Public Offer (IPO).
The initial submission on December 19, 2024 was on prompting the company to refile the documents.
Axiom Gas Engineering Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.95 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. SKI Capital Services 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 |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 94,92,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 94,92,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,59,46,000 shares |
| Share Holding Post Issue | 3,54,38,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Dec 19, 2024 |
| Offer document withdrawn | |
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated 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 April 1, 2025, the company operated 440 Auto LPG Dispensing Stations across the country.
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 September 06, 2025, the company has 20 permanent employees.
Competitive Strength:
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 60.83 | 52.37 | 29.10 |
| Total Income | 89.85 | 74.54 | 58.02 |
| Profit After Tax | 7.75 | 5.74 | 1.86 |
| EBITDA | 13.29 | 10.01 | 4.07 |
| NET Worth | 23.83 | 13.85 | 8.11 |
| Reserves and Surplus | 10.86 | 13.60 | 7.86 |
| Total Borrowing | 16.30 | 20.12 | 8.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditures | 27.00 |
| 2 | Repayment of Borrowings | 7.00 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 32.52% |
| ROCE | 30.31% |
| Debt/Equity | 0.68 |
| RoNW | 32.52% |
| PAT Margin | 8.62% |
| EBITDA Margin | 14.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.28% | 71.68% |
Lead Manager Reports
Axiom Gas Engineering IPO is a SME IPO of 94,92,000 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. 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 listing is .
