Incorporated in 2007, Axiom Gas Engineering Ltd. specialises in green energy engineering solutions. The company offers Auto LPG, CNG, and LNG solutions, catering to retail and industrial sectors with a commitment to quality, innovation, and environmental sustainability. The company operates 20+ Auto LPG Dispensing Stations (ALDS) under the name, "PRIMEFUEL" across multiple states in India including Telangana, Karnataka, and Maharashtra.
The company offers the following services:-
- Gas and Pipe Engineering: Designs, implements, and maintains efficient gas systems for various industrial and commercial needs.
- Turnkey Services:Provides turnkey services for LPG/CNG retail, bottling, and bulk installations from concept to completion.
- Statutory Testing and Certification: Testing and Certification for hydrocarbon equipment, ensuring compliance with safety standards.
- Technical Consultancy: Provide expert guidance on hydrocarbon equipment design and optimization.
- Maintenance Operation and Training: Provides maintenance and training programs to enhance gas system longevity and performance.
- Manufacturing Pressure Vessels Through Third-Party Collaboration.
- Specializing in Industrial and Commercial LPG solutions.
Competitive Strength:
- Expertise in Executing Projects in Challenging Geographical Locations.
- Cost Optimization Strategies Without Compromising Safety Standards.
- Innovation in Developing and Implementing Cost-Effective Technical Solutions.
- Leveraging Global Engineering Resources to Deliver Superior Value.
- Commitment to Delivering Sustainable Projects with Excellence in Health Safety and Environment.
- Rapid Deployment Capabilities to Minimize Turnaround Times.
- Cost-Effective Establishment of New Auto LPG Dispensing Stations (ALDS).
| Purpose | Amount (₹ Cr) |
|---|---|
| Expenditures | ₹28 |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | ₹9 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 69 | 61 | 52 |
| Revenue | 101 | 90 | 75 |
| PAT | 9 | 8 | 6 |
| EBITDA | 15 | 13 | 10 |
| Net Worth | 33 | 24 | 14 |
| Reserves | 20 | 11 | 14 |
| Total Borrowing | 16 | 16 | 20 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 1.10 | 714,000 | 782,000 |
| NII / HNI | 0.98 | 3,568,000 | 3,508,000 |
| Retail (RII) | 1.86 | 3,568,000 | 6,624,000 |
| Market Maker | — | 478,000 | — |
| Total | 1.39 | 7,850,000 | 10,914,000 |
* Amount calculated at upper price band (₹53) · ** Total includes all investor categories
- 1 Initiation of Refund 24 Sep 2026
- 2 Credit of Shares to Demat 24 Sep 2026
- The IPO P/E of 20x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹3 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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