Axiom Gas Engineering SME IPO Subscription
ListedUpdated 25 September 2026, 9:15 AM IST· NSE SME
Axiom Gas Engineering SME IPO subscription closed on 22 September 2026 at 1.45x overall by shares. QIB demand came in at 1.10x, NII at 1.12x, and retail at 1.86x. See Retail, SHNI, and BHNI allotment chances in the…
Axiom Gas Engineering SME IPO subscription closed on 22 September 2026 at 1.45x overall by shares. QIB demand came in at 1.10x, NII at 1.12x, and retail at 1.86x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 23 September 2026. Listing date on NSE and BSE is 25 September 2026.
Axiom Gas Engineering SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 18 Sept 2026 | 0.80x | 0.55x | 0.64x | 0.62x |
| Day 2 - 21 Sept 2026 | 0.80x | 0.68x | 1.04x | 0.85x |
| Day 3 - 22 Sept 2026 | 1.10x | 0.98x | 1.86x | 1.39x |
Axiom Gas Engineering SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Axiom Gas Engineering SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 1.86x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 0.58x | Very high |
| BHNI (above Rs 10L) | 0.06x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Axiom Gas Engineering SME IPO Allotment Status page from 23 September 2026 for your result.
Axiom Gas Engineering SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 53.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 3.78 Cr | Rs 4.14 Cr | 1.10x |
| FII | - | Rs 98.58 L | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 3.16 Cr | - |
| NII | Rs 18.91 Cr | Rs 21.13 Cr | 1.12x |
| bNII (above Rs 10L) | Rs 12.61 Cr | Rs 15.35 Cr | 1.22x |
| Corporate | - | Rs 7.73 Cr | - |
| Individual | - | Rs 7.62 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 6.30 Cr | Rs 5.78 Cr | 0.92x |
| Corporate | - | Rs 3.18 L | - |
| Individual | - | Rs 5.71 Cr | - |
| Other | - | Rs 3.18 L | - |
| IND | Rs 18.91 Cr | Rs 35.11 Cr | 1.86x |
| Total | Rs 41.61 Cr | Rs 60.38 Cr | 1.45x |
Axiom Gas Engineering SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 357 | 5 | 0.01x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 4 | - |
| NII | 595 | 138 | 0.23x |
| bNII (above Rs 10L) | 397 | 23 | 0.06x |
| Corporate | - | 2 | - |
| Individual | - | 21 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 198 | 115 | 0.58x |
| Corporate | - | 1 | - |
| Individual | - | 113 | - |
| Other | - | 1 | - |
| IND | 892 | 1,656 | 1.86x |
| Total | 1,844 | 1,799 | 0.98x |
What Do These Subscription Numbers Mean?
1.45x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.10x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.23x by applications). Split: SHNI 0.58x, BHNI 0.06x by applications. SHNI and BHNI allotment is by lottery.
At 1.86x subscription by applications, about 1 in 2 retail applicants may get allotment (~54% chance per application). Retail allotment is also by lottery.
Axiom Gas Engineering SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 18 September 2026 |
| IPO Close Date | 22 September 2026 |
| Allotment Date | 23 September 2026 |
| Refund Initiation | 24 September 2026 |
| Share Credit to Demat | 24 September 2026 |
| Listing Date | 25 September 2026 |
| Minimum Investment | Rs 2,12,000.00 |
| Lot Size | 2000 shares |
About Axiom Gas Engineering SME
Incorporated in 2007, Axiom Gas Engineering Limited is an engineering solutions company specializing in green energy and fuel systems across Auto LPG, CNG, and LNG. Operating under the brand name 'PrimeFuel', the company manages and operates Auto LPG Dispensing Stations (ALDS) across Telangana, Maharashtra, and Karnataka, providing end-to-end services including gas and pipeline engineering, turnkey installations for bottling and bulk plants, statutory testing and certification, technical consultancy, and station operation and maintenance.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Axiom Gas Engineering SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Axiom Gas Engineering SME Details
Issue size, price, financials, and company info
Axiom Gas Engineering SME GMP
Live grey market premium and listing estimate
Axiom Gas Engineering SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Axiom Gas Engineering SME Allotment
Allotment date, chances, and check by PAN
Axiom Gas Engineering SME Review
SWOT, strengths, risks, and IPO review
Axiom Gas Engineering SME FAQ
Common questions on dates, GMP, and allotment
Axiom Gas Engineering SME Registrar
Registrar website and how to check allotment
Axiom Gas Engineering SME Timeline
Open, close, allotment, and listing dates
Axiom Gas Engineering SME News
Updates, blogs, and latest IPO news
Axiom Gas Engineering SME IPO Subscription FAQs
What is Axiom Gas Engineering SME IPO subscription status today?
Axiom Gas Engineering SME IPO subscription closed on 22 September 2026 with overall subscription of 1.45x (by shares) as of 10 October 2026, 1:47 AM IST. QIB 1.10x, NII 0.23x, IND 1.86x.
What is the overall subscription of Axiom Gas Engineering SME IPO?
Axiom Gas Engineering SME IPO is subscribed 1.45x overall by shares at close on 22 September 2026. QIB 1.10x, NII 0.23x, and IND 1.86x.
What is Axiom Gas Engineering SME IPO QIB subscription?
Axiom Gas Engineering SME IPO QIB (Qualified Institutional Buyers) subscription is 1.10x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Axiom Gas Engineering SME IPO IND subscription?
Axiom Gas Engineering SME IPO IND subscription is 1.86x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Axiom Gas Engineering SME IPO NII, SHNI, and BHNI subscription?
Axiom Gas Engineering SME IPO NII subscription is 0.23x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.58x and BHNI (above Rs 10L) at 0.06x.
What are Axiom Gas Engineering SME IPO retail allotment chances?
At 1.86x subscription by applications, about 1 in 2 retail applicants may get allotment (~54% chance per application). Allotment is by lottery.
What are Axiom Gas Engineering SME IPO SHNI allotment chances?
Axiom Gas Engineering SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Axiom Gas Engineering SME IPO BHNI allotment chances?
Axiom Gas Engineering SME IPO BHNI share subscription is 1.22x. Application data is needed for exact lottery chances.
When is Axiom Gas Engineering SME IPO allotment date?
Axiom Gas Engineering SME IPO allotment date is 23 September 2026. Check Axiom Gas Engineering SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Axiom Gas Engineering SME IPO subscription close?
Axiom Gas Engineering SME IPO subscription closed on 22 September 2026. No new applications are accepted after the close.
What is Axiom Gas Engineering SME IPO GMP today?
GMP for Axiom Gas Engineering SME IPO is not available yet. Track Axiom Gas Engineering SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Axiom Gas Engineering SME IPO issue price and lot size?
Axiom Gas Engineering SME IPO issue price is ₹53 per share. Lot size is 2000 shares. Minimum investment is ₹2,12,000 per lot (minimum 2 lots for SME). Issue size: ₹49.81 Cr.
When is Axiom Gas Engineering SME IPO listing date?
Axiom Gas Engineering SME IPO listing date is 25 September 2026 on NSE and BSE. Allotment is on 23 September 2026.
How does subscription affect Axiom Gas Engineering SME IPO allotment?
In Axiom Gas Engineering SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 1.45x overall, competition is moderate.
For allotment results from 23 September 2026, visit the Axiom Gas Engineering SME IPO Allotment Status page. For listing day updates on 25 September 2026, download the IPOwiz App.
Sources
We match Axiom Gas Engineering SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.