· SME · NSE
Price Band
₹50–53
Lot Size
2000 shares
Issue Size
₹50 Cr
Min. Investment
₹1,06,000
Indicative, updates through the day
Cap price plus current GMP: ₹53 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Axiom Gas Engineering IPO is an SME issue scheduled to open for subscription on 18 September 2026, listing on NSE. The issue price band is fixed at ₹50–₹53 per equity share with a minimum market lot size of 2000 shares, bringing the total issue size to ₹50 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,06,000.
No meaningful grey market premium is actively quoted for Axiom Gas Engineering IPO at this stage. For an SME issue that is yet to open, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 2000 shares (approx. ₹1,06,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment scheduled for finalization on 23 September 2026 and listing expected on 25 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 17,84,000 | 20% |
| − Anchor Investor | 10,70,400 | 0% |
| − QIB (Ex. Anchor) | 7,13,600 | 0% |
| NII (HNI) | 35,68,000 | 40% |
| − bNII > ₹10L | 23,78,666 | 0% |
| − sNII < ₹10L | 11,89,334 | 0% |
| Retail | 35,68,000 | 40% |
| Market Maker | 4,78,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,12,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,12,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,18,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,54,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,60,000 |
EPS (Pre IPO)
3.64
EPS (Post IPO)
2.67
ROE
28.40%
P/E (Pre IPO)
14.56
P/E (Post IPO)
19.85
Price / Book
4.13
Market Cap
₹137.51 Cr.
Axiom Gas Engineering Ltd. Address
KFin Technologies Ltd.