When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

Axiom Gas Engineering Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Axiom Gas Engineering Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

Apply for IPO

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹54

Per Share

Lot Size

2000 Shares

Minimum Investment

₹1,08,000

Issue Size

₹0 Cr

Face Value

₹5

Per Share

IPO Type

Book Building

Retail Quota

QIB Quota

NII Quota

IPO Timeline

Important dates for your applying strategy.

IPO Opens18 Sept

IPO Closes22 Sept

Basis of Allotment1 Jan

Refund Initiation1 Jan

Shares Credited1 Jan

Axiom Gas Engineering Ltd

Business model, operations, and market positioning.

Issue Type

Book Building

ISIN

INE16J201028

Growth Strategy

Network Expansion and Footprint.
Supply, Procurement, and Logistics.
Capacity Planning and Utilisation.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+35.2%vs FY24

Amount in ₹ crore

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of up to 93,98,000 equity shares of face value of Rs. 5 each ("Equity Shares") of Axiom Gas Engineering Limited ("AGEL" or the "Company") for cash at a price of Rs. 54 per equity share (Including a Share Premium of Rs. 49 Per Equity Share) (the "Issue Price") aggregating to Rs. 50.75 Crores (the "Issue"). Comprises a fresh issue of 93,98,000 equity shares aggregating to Rs. 50.75 Crores by the company ("Fresh Issue"). There is no offer for sale component in the issue. Out of the issue, 4,78,000 equity shares aggregating to Rs. 2.58 Crores were reserved for subscription by the market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. 89,20,000 equity shares of face value of Rs. 5 each at an issue price of Rs. 54 per equity share aggregating to Rs. 48.17 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue constitute 26.59% and 25.25% respectively of the post issue paid up equity share capital of the company.(the "Net Issue"). The issue and the net issue will constitute 26.59% and 25.24%, respectively, of the post-Issue paid-Up equity share capital of the company. Price Band: Rs. 54/- per equity share of face value of Rs. 5/- each. The floor price is 10.80 times the face value of the equity shares. Exceeds two lots, being a minimum of 4,000 equity shares, and in multiples of 2,000 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

The business model allows expansion through new stations and increased storage capacity based on market demand.
The Company has operational experience in managing ALDS facilities, logistics coordination, and adherence to safety protocols.
The business caters to a steady consumer segment comprising auto-rickshaws, taxis, and small commercial vehicles with predictable daily fuel requirements.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

The business model allows expansion through new stations and increased storage capacity based on market demand.
The Company has operational experience in managing ALDS facilities, logistics coordination, and adherence to safety protocols.
The business caters to a steady consumer segment comprising auto-rickshaws, taxis, and small commercial vehicles with predictable daily fuel requirements.

Axiom Gas Engineering Ltd

IPO Snapshot

IPO Timeline