Axiom Gas Engineering Limited IPO
Axiom Gas Engineering Limited IPO closed on 22 Sept 2026. Allotment 23 Sept 2026, listing 25 Sept 2026. Price band ₹51–₹54, lot 2000 shares, GMP +₹0 (0%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · NSE |
| Price band | ₹51–₹54 |
| Lot size | 2000 shares |
| Minimum investment | ₹2,16,000 |
| Issue size | ₹50.75 Cr |
| GMP | +₹0 (0%) |
| Open date | 18 Sept 2026 |
| Close date | 22 Sept 2026 |
| Allotment date | 23 Sept 2026 |
| Listing date | 25 Sept 2026 |
| Registrar | KARVY |
About Axiom Gas Engineering Limited
Axiom Gas Engineering Limited is engaged in the business of distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG). The company carries out its operations through a network of company-owned and company-operated Auto LPG Dispensing Stations, alongside developed storage and allied infrastructure facilities. Operating in Telangana, Karnataka, and Maharashtra, its core business caters to the transport sector by marketing Auto LPG as an alternative automotive fuel for compatible vehicles. The business model relies on procuring Auto LPG from suppliers, storing and transporting it to dispensing stations, and generating revenue through retail sales via metered nozzles. The company operates as a single business segment, integrating activities from procurement to retail distribution while adhering to applicable safety and regulatory requirements.
Strengths
- Owned an Auto LPG dispensing station network with storage infrastructure.
- Multi-state presence across Telangana, Karnataka, and Maharashtra.
- Integrated operations controlling procurement through to retail distribution.
- Established regulatory compliance with PESO permissions and safety rules.
- Focused on expanding station network density to drive retail growth.
Risks
- High supplier concentration with 99.75% of LPG sourced from the top 3 suppliers.
- Heavy reliance on the group entity Prime Fuel Logistics for LPG transport.
- Inherent hazards, fire, and explosion risks associated with handling LPG.
- Revenue concentration in Telangana, Maharashtra, and Karnataka markets.
- High fixed costs in storage infrastructure affect margins during demand drops.