AXIOM GAS ENGINEERING LIMITED

Axiom Gas Engineering (NEW IPO):GMP, Profit, Price & expert review

by

Axiom Gas Engineering Limited is a Vadodara-based provider of green energy engineering solutions, specializing in the distribution and retailing of Auto LPG, CNG, and LNG. Axiom Gas operates a growing retail network of 21 Auto LPG Dispensing Stations (ALDS) across Telangana, Maharashtra, and Karnataka. Serving a diverse customer base in the transportation and industrial sectors, the company has surpassed 10 million liters (10,000 KL) in sales, positioning itself as a key regional player in the sustainable fuel market.

Axiom Gas Engineering Limited was incorporated on August 24, 2007 & the company is currently led by Mr. Nikhil Tiwari.


It provides specialized green energy solutions, primarily retailing Auto LPG under the flagship brand “PrimeFuel.”

Axiom Gas Engineering Limited has filed for DRHP as SME IPO on the NSE Emerge platform to raise Funds via IPO by offering Up to 94,92,000 Equity Shares consisting entirely as Fresh Issue of 94,92,000 Equity Shares.

Subscription date to apply for Axiom Gas Engineering Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:Up to 94,92,000 Equity Shares
Fresh Issue:94,92,000 Equity Shares
Offer for Sale:Nil
Price Range:TBA
Lot Size:TBA
GMPPending

Axiom Gas Engineering Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2024
Networth₹ 23.83 Cr
Revenue:₹ 89.83 Cr
EBITDA₹ 13.28 Cr
EBITDA Margin:14.79%
PAT₹ 7.74 Cr
PAT Margin8.62%
Face Value:₹ 05

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure~ ₹ 27.00 Cr
Prepayment or repayment~ ₹ 7.00 Cr
Sales and Marketing~ ₹ 00 Cr
Ultra-Advanced AI Staffing Suite₹ 00 Cr

Axiom Gas Engineering Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 58.0₹ 74.5₹ 89.8
PAT (₹ Cr)₹ 1.9₹ 5.7₹ 7.7
Asset (₹ Cr)₹ 29.1₹ 52.4₹ 60.8
Net Worth (₹ Cr)₹ 8.1₹ 13.9₹ 23.8

Axiom Gas Engineering IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
05-Apr₹ –₹ –₹ –
04-Apr₹ –₹ –₹ –
03-Apr₹ –₹ –₹ –
02-Apr₹ –₹ –₹ –
01-Apr₹ –₹ –₹ –
Axiom Gas Engineering Limited

Axiom Gas Engineering Limited IPO Pros & Cons

Strengths:

  • Strong Financial Growth: Reported consistent revenue and profit increases over recent years.
  • Expansion-Focused Funding: Bulk of IPO proceeds used for building new dispensing stations.
  • Niche Market Position: Established brand “PrimeFuel” in the growing Auto LPG sector.
  • Experienced Core Leadership: Promoters hold over 48 years of combined industry experience.
  • High Efficiency Ratios: Boasts impressive Return on Equity (ROE) exceeding 30% recently.

Risks:

  • High Supplier Concentration: Sources over 99% of LPG from only three major suppliers.
  • Related Party Dependency: Logistics and transportation heavily rely on a single group company.
  • Regional Concentration Risk: Revenue is predominantly dependent on only three Indian states.
  • High Regulatory Compliance: Operations involve hazardous materials requiring strict, costly safety standards.
  • LPG Price Sensitivity: Profitability is vulnerable to volatile global oil and gas prices.

Axiom Gas Engineering Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Mr. Sadique Abdul Kadar Banani44.23%
Mr. Alpeshkumar Naginbhai Patel44.21%
Mrs. Kinnari Alpeshkumar Patel4.91%
Mrs. Asma Mohamad Sadique Banani4.91%
–

Axiom Gas Engineering Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Axiom Gas Engineering Limited

Lead / Book Running Lead ManagersSKI CAPITAL SERVICES LIMITED
Registrar (RTA)KFIN Technologies Limited

  • It provides green energy engineering, specializing in Auto LPG retailing and turnkey hydrocarbon infrastructure.

  • Axiom Gas is raising funds primarily for capital expenditure (₹27 crore), repaying borrowings (₹7 crore), and general corporate purposes.

  • The issue size of the IPO is approximately ₹40–45 crore. It will be listed on NSE Emerge.

  • Key risks include high supplier concentration, fuel price volatility, regional dependence, and strict regulatory safety requirements.

  • Upsides include strong revenue growth, high ROE/ROCE, expanding green energy infrastructure, and experienced industry leadership.

  • You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

For more amazing blogs click here (IPO Corner).

Leave a comment