Axiom Gas Engineering
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Axiom Gas Engineering IPO

IPO Open Now
₹2,04,000
0.85 xOver-subscribed
Bidding Dates 18 Sept, 26 -22 Sept, 26
Min Investment ₹2,04,000
Lot Size2,000
Price Range ₹51 – ₹54
Issue Size ₹50.75 Cr.
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IPO Subscription Details
Retail Subscription Details
0.92 x
Non-Institutional Buyers (sHNI)
0.55 x
Non-Institutional Buyers (bHNI)
0.9 x
Qualified Institutional Buyers (QIB)
0.8 x
Total
0.85 x
IPO Timeline
IPO Offer Start
18 Sept,26
IPO Offer Ends
22 Sept,26
Allotment Finalisation
23 Sept,26
Refund Initiation
24 Sept,26
Listing of Shares
25 Sept,26

IPO Analysis

Strengths
Strenghts

The company operates its own network of Auto LPG Dispensing Stations with integrated storage facilities, providing operational control over the distribution chain.

Strenghts

The company has presence across Telangana, Karnataka, and Maharashtra, enabling geographic diversification of demand and supply.

Strenghts

The company maintains integrated activities from procurement to retail sale, providing operational control over key value-chain steps.

Risks
Risk

The company is highly dependent on three key suppliers, from whom 99.75% of LPG was procured as of March 31, 2026. Any supply disruption, delay or default could interrupt operations, adversely affecting revenue, cash flows and profitability.

Risk

LPG transportation is majorly undertaken through related party Prime Fuel Logistics Private Limited, which accounted for more than the majority of total transportation cost as of March 31, 2026. Any disruption, delay, default or transportation mishap could adversely affect business continuity and financial performance.

Risk

Transportation of LPG involves inherent risks of accidents and other hazardous incidents. Such incidents could result in operational disruption, reputational damage and adverse effects on financial condition, results of operations and cash flows.

Objectives

The Company intends to do expense Under Capital Expenditure

The Company intends to do Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company

General Corporate Purposes

Yearly Financial Results

Annual Financials
Mar 2024
Mar 2025
Mar 2026
Revenue
74.54
89.84
100.76
Expenses
66.85
79.49
88.13
Other Income
0.00
0.01
0.02
Total Revenue
74.54
89.85
100.78
Profit Before Tax
7.69
10.35
12.65
Net Profit
5.74
7.75
9.45

Balance Sheet

Balance Sheet
Mar 2024
Mar 2025
Mar 2026
Total Assets
52.37
60.83
69.38
Current Assets
22.42
26.75
31.13
Fixed Assets
29.95
34.08
38.25
Total Equity & Liabilities
52.37
60.83
69.38
Total Liabilities
38.52
37.00
36.09
Current Liabilities
13.04
15.09
13.54
Non Current Liabilities
25.48
21.91
22.55
Total Equity
13.85
23.83
33.28

Cash Flow

Cash Flow
Mar 2024
Mar 2025
Mar 2026
Net Cash Flow
2.17
-0.49
3.56
Investing Activities
-12.76
-5.18
-5.39
Operating Activities
4.71
8.17
10.80
Financing Activities
10.23
-3.47
-1.85

About Axiom Gas Engineering

Axiom Gas Engineering Limited is engaged in the distribution and retailing of Auto Liquefied Petroleum Gas through a network of Auto LPG Dispensing Stations owned and operated by the Company. The Company's network is presently spread across the states of Telangana, Karnataka, and Maharashtra, with retail operations structured to cater...more
Managing Director