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:-
Competitive Strength:
Axiom Gas Engineering Ltd.’s revenue increased by 12% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 69.38 | 60.83 | 52.37 |
| Total Income | 100.78 | 89.85 | 74.54 |
| Profit After Tax | 9.45 | 7.75 | 5.74 |
| EBITDA | 15.48 | 13.29 | 10.01 |
| NET Worth | 33.28 | 23.83 | 13.85 |
| Reserves and Surplus | 20.31 | 10.86 | 13.60 |
| Total Borrowing | 16.06 | 16.30 | 20.12 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditures | 27.60 |
| 2 | Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | 9.12 |
| 3 | General Corporate Purposes | |
| Total | 36.72 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.40% |
| ROCE | 28.90% |
| Debt/Equity | 0.48 |
| RoNW | 28.40% |
| PAT Margin | 9.38% |
| EBITDA Margin | 15.36% |
| NAV | 12.83 |
| Price to Book Value | 4.21 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.64 | 2.67 |
| P/E (x) | 14.84 | 20.22 |
| IPO Date | 18 to 22 Sep, 2026 |
| Listing Date | Fri, Sep 25, 2026T |
| Face Value | ₹5 per share |
| Price Band | ₹51 to ₹54 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 93,98,000 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker |
4,78,000 shares
(agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 89,20,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 89,20,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 2,59,46,000 shares |
| Share Holding Post Issue | 3,53,44,000 shares |
The promoters of the company are Alpeshkumar Naginbhai Patel, Kinnari Alpeshkumar Patel, Sadique Abdul Kadar Banani and Asma Mohamad Sadique Banani.
| Share Holding Pre Issue | 98.28% |
| Share Holding Post Issue | 72.15% |
As per our analysis and Based on the information we have, this is the output.
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